KPS Capital Partners to acquire Paladin Brands Holding Inc.
September 8, 2011KPS Capital Partners LP, through new holding company International Equipment Solutions Inc., will acquire Paladin Brands Holding Inc. and Crenlo LLC from Dover Corp. Financial terms of the transaction, which is expected to close in the third quarter, were not disclosed.
Paladin is an independent North American provider of engineered attachment tools for operator-driven equipment serving a wide range of markets. Paladin operates four business units, each focused on specific markets and products:
• Paladin Construction Group serves the construction, landscaping, agriculture and aviation markets under brands that include Bradco, McMillen, FFC, Sweepster, Harley, JRB, C&P and CustomWorks.
• Paladin Demolition and Recycling, through its Genesis brand, serves the demolition and metal recycling markets.
• Paladin Utility, through its Pengo brand, provides augers and related tools for the utility and foundation drilling markets.
• Paladin Custom Material Handling, through its Jewell brand, provides custom excavator packages for the demolition, forestry and material handling markets.
Crenlo is a North American provider of steel cabs and rollover protective structures and electronics enclosures for customers serving a wide range of markets. In the operator interface cab segment, Crenlo serves OEM customers in the construction, mining, agriculture and specialty truck markets. Crenlo, through its Emcor brand, provides standard catalog and custom products for customers serving the technology, aerospace, government and energy markets.
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