M&A Deal Summary

KPS Capital Partners Acquires Life Fitness

On May 6, 2019, private equity firm KPS Capital Partners acquired consumer products company Life Fitness from Brunswick for 490M USD

Acquisition Highlights
  • This is KPS Capital Partners’ 3rd transaction in the Consumer Products sector.
  • This is KPS Capital Partners’ 7th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 29th transaction in the United States.
  • This is KPS Capital Partners’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2019-05-06
Target Life Fitness
Sector Consumer Products
Buyer(s) KPS Capital Partners
Sellers(s) Brunswick
Deal Type Divestiture
Deal Value 490M USD

Target

Life Fitness

Franklin Park, Illinois, United States
website
Life Fitness is a global producer of commercial fitness equipment and game tables. The Company manufactures and sells its strength and cardiovascular equipment and billiards tables and accessories through its family of brands that includes Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards.

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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 34 of 51
Sector (Consumer Products) 3 of 3
Type (Divestiture) 14 of 22
State (Illinois) 3 of 4
Country (United States) 29 of 39
Year (2019) 1 of 3
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 International Equipment Solutions

Lexington, Kentucky, United States

International Equipment Solutions is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Howden

Renfrew, United Kingdom

Howden is a provider of mission-critical air and gas handling products, technologies, and services. Howden supports multiple sectors including infrastructure, power generation, oil & gas, wastewater, metals, mining, and transportation. Howden was founded in 1854 and is based in Renfrew, Scotland.

Buy $1.8B

Seller(S) 1

SELLER

Brunswick

Mettawa, Illinois, United States

website

Category Company
Founded 1845
Sector Consumer Products
Employees18,400
Revenue 6.8B USD (2022)
DESCRIPTION
Entrance to Brunswick's corporate headquarters in Lake Forest, Illinois.
Entrance to Brunswick's corporate headquarters in Lake Forest, Illinois.

Brunswick is a designer, manufacturer, and marketer of recreation products in the United States and internationally. Brunswick was incorporated in 1845 and is based in Mettawa, Illinois.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Products) 3 of 3
Type (Divestiture) 5 of 5
State (Illinois) 1 of 1
Country (United States) 5 of 5
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 Power Products - Global Marine & Mobile Business

Menomonee Falls, Wisconsin, United States

Power Products LLC - Global Marine & Mobile Business is a provider of branded electrical products, such as battery and power management and digital switching, to marine and other recreational and specialty vehicle markets. The group also manufactures and distributes a broad and diverse portfolio of marine and transportation parts and accessories. With facilities in the Netherlands, Mexico, New Zealand, China, and the United States, Power Products has substantial engineering resources, technical know-how and industry-leading integration and solution capabilities, along with upfront design expertise.

Buy $910M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Navico

Tulsa, Oklahoma, United States

Navico is a provider in marine electronics for the recreational segment and is an innovative force within the commercial marine market. Navico offers multi-function displays, fish finders, autopilots, sonar, radar, and cartography. Navico strong brands serve most major powerboat and sailing markets for both recreational and commercial applications. Navico was founded in 2006 and is based in Tulsa, Oklahoma.

Buy $1.1B
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