KPS Capital Partners Acquires IKG from Harsco Corporation
January 10, 2020
KPS Capital Partners, through its KPS Special Situations Mid‑Cap Fund, has signed a definitive agreement to acquire the IKG bar grating business from Harsco Corporation for $85 million, subject to customary adjustments. IKG, a Houston‑headquartered manufacturer of steel and aluminum bar grating with ~350 employees and six U.S./Mexico facilities, will become an independent portfolio company under KPS to pursue organic growth and strategic acquisitions.
- Buyers
- KPS Capital Partners, LP
- Targets
- IKG
- Sellers
- Harsco Corporation
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Buyout
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