KPS Capital Partners Acquires Lufkin Rod Lift Solutions from Baker Hughes

Lufkin Industries Acquires Schlumberger's North American Rod Lift Business

November 2, 2020

Oil & Gas

Lufkin Industries, a portfolio company of KPS Capital Partners, completed the acquisition of Schlumberger’s North American Land Rod Lift Business, including brands such as Don‑Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting. The deal expands Lufkin’s manufacturing, distribution and technology capabilities in rod lift and artificial‑lift solutions across major North American onshore oil producing regions, including the Permian Basin.

Lufkin Industries Acquires US Rod and Patriot Pump

December 1, 2021

Manufacturing

Lufkin Industries, a portfolio company of KPS Capital Partners, completed acquisitions of US Rod (Nappanee, Indiana) and Patriot Pump (Williston, North Dakota). The deals expand Lufkin's rod lift manufacturing and downhole product/service capabilities, strengthening its integrated rod pumping systems offering across key U.S. basins.

KPS Capital Partners Acquires Hussey Copper

December 23, 2020

Manufacturing

KPS Capital Partners, through a newly formed affiliate, has completed the acquisition of Libertas Copper, LLC (operating as Hussey Copper) from Zohar III, Ltd. and Ark II CLO 2001-1, Ltd., following Bankruptcy Court approval. KPS said it will leverage Hussey Copper’s manufacturing capabilities and brand to grow the business organically and via strategic acquisitions.

Keystone Capital Acquires Lane Power & Energy Solutions, Inc.

October 1, 2019

Oil & Gas

Keystone Capital has completed the acquisition of Lane Power & Energy Solutions, Inc. (LPES), a Houston-based provider of underground hydrocarbon storage and turnkey EPC services for petrochemical, midstream and government customers. Keystone said it will partner with LPES management to expand capabilities, broaden service offerings and grow organically and via targeted acquisitions; transaction terms were not disclosed.

KPS Capital Partners Acquires IKG from Harsco Corporation

January 10, 2020

Manufacturing

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.

DC Capital Partners Acquires Control Stake in PK Companies Group

September 26, 2024

Industrial Services

DC Capital Partners has made a control investment in PK Companies Group, LLC, with PK founders Brian and Kenny Turpin reinvesting equity. The partnership will fund PK's expansion across geographies, markets and capabilities, supporting investments in equipment, new facilities and growth of its tech-enabled inspection, maintenance and specialty services.