M&A Deal Summary

KPS Capital Partners Acquires Crane - Engineered Materials Business

On December 2, 2024, private equity firm KPS Capital Partners acquired manufacturer Crane - Engineered Materials Business from Crane for 227M USD

Acquisition Highlights
  • This is KPS Capital Partners’ 10th transaction in the Manufacturing sector.
  • This is KPS Capital Partners’ 12th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 41st transaction in the United States.
  • This is KPS Capital Partners’ 2nd transaction in Connecticut.

M&A Deal Summary

Date 2024-12-02
Target Crane - Engineered Materials Business
Sector Manufacturing
Buyer(s) KPS Capital Partners
Sellers(s) Crane
Deal Type Divestiture
Deal Value 227M USD

Target

Crane - Engineered Materials Business

Stamford, Connecticut, United States
Crane's Engineered Materials Business manufactures materials for aerospace, defense, space and process industry end markets.

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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 54 of 55
Sector (Manufacturing) 10 of 10
Type (Divestiture) 23 of 24
State (Connecticut) 2 of 2
Country (United States) 41 of 42
Year (2024) 4 of 5
Size (of disclosed) 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Catalyst Acoustics Group

Springfield, Massachusetts, United States

Catalyst Acoustics Group offers a diverse range of products through its independent brands, which provide customized noise control solutions across industries like architecture, industry, and medical sectors. Catalyst Acoustics Group is based in Springfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Ineos Composites

Dublin, Ohio, United States

Ineos Composites manufactures and sells a wide range of general-purpose and high-performance grades of unsaturated polyester and vinyl ester resins, gel coats, and low-profile additives for the plastics industry. Ineos Composites is based in Dublin, Ohio.

Buy €1.7B

Seller(S) 1

SELLER

Crane

Stamford, Connecticut, United States

Category Company
Founded 1855
Sector Machinery
Employees7,000
Revenue 2.1B USD (2023)
DESCRIPTION

Crane is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. Crane was Incorporated in 1855 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 2 of 2
Type (Divestiture) 3 of 3
State (Connecticut) 2 of 2
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Vian

Auburn, California, United States

Vian is a designer and manufacturer of multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms. Vian was formed in 1968 and is based in Auburn, California.

Buy $103M