M&A Deal Summary

KPS Capital Partners Acquires Briggs & Stratton

On July 20, 2020, private equity firm KPS Capital Partners acquired machinery company Briggs & Stratton for 550M USD

Acquisition Highlights
  • This is KPS Capital Partners’ 6th transaction in the Machinery sector.
  • This is KPS Capital Partners’ 7th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 33rd transaction in the United States.
  • This is KPS Capital Partners’ 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2020-07-20
Target Briggs & Stratton
Sector Machinery
Buyer(s) KPS Capital Partners
Deal Type Special Situations/Distressed
Deal Value 550M USD
Advisor(s) Ernst & Young Capital Advisors LLC
Houlihan Lokey (Financial)
Weil Gotshal & Manges
Foley & Lardner
Carmody MacDonald (Legal)

Target

Briggs & Stratton

Wauwatosa, Wisconsin, United States
Briggs & Stratton office in Wauwatosa, Wisconsin.
Briggs & Stratton office in Wauwatosa, Wisconsin.
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.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

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 39 of 53
Sector (Machinery) 6 of 6
Type (Special Situations/Distressed) 4 of 4
State (Wisconsin) 3 of 3
Country (United States) 33 of 40
Year (2020) 3 of 5
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Lufkin

Missouri City, Texas, United States

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. Lufkin was founded in 1902 and is based in Missouri City, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 AM General

South Bend, Indiana, United States

AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers and has more than six decades of experience meeting the changing needs of the defense and automotive industries. AM General is the original designer and manufacturer of the famous military HMMWV (Humvee®) and HUMMER® H1 vehicles, and commercial contract assembler of the H2, MV-1 and Ford Transit Connect Electric vehicles. AM General is based in South Bend, Indiana.

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Mergr

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Company

Legal