Private equity firm KPS Capital Partners has finalized its purchase of all assets of Briggs & Stratton, which filed for Chapter 11 bankruptcy in July. { Moteurs à essenceBriggs & Stratton acheté par KPS Capital Partners. } 1 minute de lecture. I am also pleased to partner and collaborate again with KPS, a firm that has distinguished itself as a global leader in transforming businesses and is ideally suited for this exciting venture. Rémy Serai “On behalf of the Company, I would like to thank former Chairman, President, and CEO Todd Teske for his decades of service and many contributions,” Mr. Andrews concluded. Kirkland & Ellis LLP is acting as legal counsel to KPS with respect to the transaction. Briggs & Stratton Announces Completion of Sale to KPS Capital Partners. … Under KPS’ ownership and Mr. Andrews’ leadership, IES, through a series of acquisitions and other growth initiatives, transformed two non-core divisions of a large corporation into a thriving, highly profitable company. Certain information on or linked to from this site is furnished by or is derived from materials furnished by outside sources. Briggs & Stratton is the world’s largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of commercial lithium-ion batteries, power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton®, Simplicity®, Snapper®, Ferris®, Vanguard®, Allmand®, Billy Goat®, Murray®, Branco®, and Victa® brands. Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS’ financial resources and expertise. Subscription is FREE to qualified readers. The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com. Wells Fargo is continuing to provide floorplan financing to support Briggs & Stratton’s customers and a syndicate of banks including Wells Fargo, Bank of America, BMO Harris Bank and PNC Business Credit provided exit financing for the Company. var SiteID = 1; KPS Capital Partners agrees to acquire substantially all of the assets of Briggs & Stratton Corporation, Resilience Capital Partners acquires TSS Technologies, Briggs & Stratton builds on decades-long commitment to Baja Sae, Flux Power’s FY 2021 Q1 revenue increased by 135%, American PERMALIGHT®, Inc. welcomes David Thornburg, MHEDA’s customer appreciation week starts now through November 19. KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. Steve is an outstanding leader with a demonstrated track record of transforming and growing companies. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents. KPS makes controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS, with approximately $11.5 billion of assets under management, works to advance the strategic position, competitiveness and profitability of its investments to create world-class, industry-leading companies. For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS and Mr. Andrews partnered in 2011 to form International Equipment Solutions, LLC (“IES”). var wd = window.innerWidth || document.documentElement.clientWidth || document.body.clientWidth; Receive KPS Press Releases and Announcements, Type the characters in the security code below*. Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said “This is the beginning of a new era for Briggs & Stratton, a legendary brand in American manufacturing and the leading company in its industry. Any performance information included in any document on or linked to from this site is presented for illustrative purposes only and is not indicative of the future returns of any of the funds managed by KPS and there can be no assurance that such funds will achieve comparable results, be able to avoid losses or be able to implement their investment strategies. Milwaukee, WI (September 22, 2020) – Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton”, the “Company” or the “Acquired Business”).
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