M&A Deal Summary

KPS Capital Partners Acquires Lufkin Industries

On May 1, 2020, private equity firm KPS Capital Partners acquired machinery company Lufkin Industries

Acquisition Highlights
  • This is KPS Capital Partners’ 5th transaction in the Machinery sector.
  • This is KPS Capital Partners’ 32nd transaction in the United States.
  • This is KPS Capital Partners’ 3rd transaction in Texas.

M&A Deal Summary
Date 2020-05-01
Target Lufkin Industries
Sector Machinery
Buyer(s) KPS Capital Partners
Deal Type Divestiture

Target

Lufkin Industries

Missouri City, Texas, United States
website
Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 38 of 51
Sector (Machinery) 5 of 6
Type (Divestiture) 17 of 22
State (Texas) 3 of 4
Country (United States) 32 of 39
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-10 IKG

Houston, Texas, United States

IKG is a manufacturer of high-quality steel and aluminum bar grating, with manufacturing plants throughout North America. From power plants to petroleum refineries, shipyards to large scale factories, IKG services major businesses throughout the industrial sector.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Briggs & Stratton

Wauwatosa, Wisconsin, United States

Briggs & Stratton is a producer of gasoline engines for outdoor power equipment, and is a designer, manufacturer and marketer of 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 products are designed, manufactured, marketed, and serviced in over 100 countries on six continents. Briggs & Stratton was formed in 1908 and is based in Milwaukee, Wisconsin.

Buy $550M
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