Private Equity Firm Industrial Services

KPS Capital Partners

New York, New York, United States

KPS Capital Partners, LP is the manager of KPS Special Situations Funds. The firm makes controlling equity investments in manufacturing and industrial companies and aims to structurally improve the strategic position, competitiveness, and profitability of portfolio companies (rather than relying primarily on financial leverage).

Focus Areas
Manufacturing and industrial companies, Controlling equity investments
Website
kpsfund.com

Tracked deals

36

36 tracked deals across 2019-2026.

Recent pace

6

6 tracked deals announced in the last 12 months.

Deal mix

Buyout

25 buyout · 6 addon · 5 divestiture

KPS Capital Partners Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for KPS Capital Partners. 3 2019 8 2020 6 2021 4 2022 2 2023 6 2024 1 2025 ~8 est. 6 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 36 tracked deals for KPS Capital Partners.

  • Buyer
    Grupa Kęty S.A., KPS Capital Partners, LP
    Target
    Metra
    Seller
    KPS Capital Partners, LP
    Industry
    Manufacturing
    Location
    Italy
    Type
    Buyout

    KPS Capital Partners has signed a definitive agreement to sell its portfolio company Metra to Warsaw-listed industrial group Grupa Kęty for €645 million. The transaction is expected to close in the first quarter of 2027, subject to customary approvals and closing conditions.

  • Buyer
    KPS Capital Partners
    Target
    Western Pennsylvania industrial & infrastructure contractor (unnamed)
    Type
    Buyout

    A Neumann & Associates announced the $16M sale of a western Pennsylvania industrial and infrastructure/general contractor. The firm says the contractor was sold in a fully reviewed, conservatively appraised transaction and that A Neumann facilitated introductions to acquisition lenders for the deal.

  • Buyer
    KPS Capital Partners, LP
    Target
    Jennmar, Jennmar and its affiliates
    Seller
    Tony Calandra, FalconPoint Partners
    Type
    Buyout

    KPS Capital Partners has signed a definitive agreement to acquire a controlling (majority) interest in Jennmar and its affiliates. Financial terms were not disclosed, and closing is expected in Q2 2026 subject to customary conditions and approvals.

  • Buyer
    KPS Capital Partners, LP
    Target
    Ketjen Corporation's refining catalyst solutions business (collectively 'Ketjen'), Ketjen Corporation's Performance Catalyst Solutions (PCS) business (retained by Albemarle)
    Seller
    Albemarle Corporation
    Type
    Buyout

    KPS Capital Partners, through a newly formed affiliate, entered into a definitive agreement to acquire a controlling 51% stake in Ketjen Corporation’s refining catalyst solutions business. Albemarle will retain a 49% stake and keep 100% ownership of Ketjen’s Performance Catalyst Solutions (PCS) business. The transaction is expected to close in the first half of 2026 (with KPS stating first quarter 2026), subject to regulatory approvals and customary closing conditions.

  • Buyer
    KPS Capital Partners, LP
    Target
    The Wells Companies, Inc.
    Type
    Buyout

    KPS Capital Partners, LP has signed a definitive agreement through a newly formed affiliate to acquire The Wells Companies, Inc. Financial terms were not disclosed. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions and approvals.

  • Buyer
    KPS Capital Partners, LP, H.I.G. WhiteHorse (credit affiliate of H.I.G. Capital)
    Target
    Novacel (Chargeurs Films de Protection)
    Seller
    Compagnie Chargeurs Invest SA (Chargeurs)
    Location
    France
    Type
    Buyout

    KPS Capital Partners, LP signed a definitive agreement to acquire a controlling stake in Novacel, the surface protection solutions business currently owned by Compagnie Chargeurs Invest SA (Chargeurs). H.I.G. WhiteHorse provided carve-out acquisition financing to support Novacel’s transition into an independent platform under KPS ownership.

  • Buyer
    KPS Capital Partners
    Target
    Crane Composites
    Type
    Buyout

    KPS Capital Partners has completed the acquisition of Crane Composites, a U.S.-based manufacturer of fiberglass-reinforced plastic (FRP) composite panels. Crane Composites operates multiple manufacturing sites (including Channahon, Illinois) and employs several hundred people; KPS will own and manage the business through its affiliated management entities.

  • Buyer
    KPS Capital Partners, LP
    Target
    INEOS Composites
    Seller
    INEOS Enterprises Holdings II Ltd
    Industry
    Manufacturing
    Type
    Buyout

    KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire INEOS Composites from INEOS Enterprises Holdings II Ltd for an estimated ~€1.7 billion. The deal was expected to close in the first half of 2025, and later sources confirm the acquisition closed and the company was renamed Alta Performance Materials.

  • Buyer
    KPS Capital Partners, LP
    Target
    Catalyst Acoustics Group, Inc.
    Seller
    The Stephens Group, LLC
    Type
    Buyout

    KPS Capital Partners, LP has signed a definitive agreement to acquire Catalyst Acoustics Group, Inc. from The Stephens Group, LLC. The deal was expected to close in the fourth quarter of 2024 and is subject to customary closing conditions and approvals.

  • Buyer
    KPS Capital Partners, LP
    Target
    Primary Products Investments LLC (Primient)
    Seller
    Tate & Lyle PLC
    Industry
    Food & Beverage
    Location
    United States
    Type
    Buyout

    KPS Capital Partners entered into a definitive agreement to acquire Tate & Lyle PLC’s remaining 49.7% ownership interest in Primary Products Investments LLC (Primient) for $350 million. The transaction is expected to close by the end of July 2024, subject to customary approvals and closing conditions.

  • Buyer
    KPS Capital Partners, LP
    Target
    Innomotics GmbH
    Seller
    Siemens AG
    Industry
    Manufacturing
    Location
    Bavaria, Germany
    Type
    Buyout

    KPS Capital Partners has agreed to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion, with completion expected in Q4 2024 or Q1 2025 subject to customary approvals. Innomotics, headquartered in Nuremberg, Germany, is a global supplier of electric motors and large drive systems generating about €3.3 billion in annual revenue and employing roughly 15,000 people across 16 factories and operations in 49 countries.

  • Buyer
    KPS Capital Partners, LP
    Target
    Sport Group TopCo GmbH (Sport Group)
    Seller
    Funds advised by Equistone Partners Europe
    Industry
    Manufacturing
    Location
    Bavaria, Germany
    Type
    Buyout

    KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire Sport Group TopCo GmbH (owner of AstroTurf, Polytan, Rekortan, Laykold and other brands) from funds advised by Equistone Partners Europe. Sport Group, headquartered in Burgheim, Germany, is a global designer, manufacturer and installer of artificial turf and polyurethane sports surfaces with more than 1,900 employees and operations across the Americas, EMEA and Asia-Pacific; KPS plans to support growth and operational initiatives and pursue a global acquisition strategy.

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