M&A Deal Summary

Pine Grove Holdings Acquires KKSP Precision Machining

On June 23, 2022, private equity firm Pine Grove Holdings acquired manufacturer KKSP Precision Machining from Mill Point Capital

Acquisition Highlights
  • This is Pine Grove Holdings’ 2nd transaction in the Manufacturing sector.
  • This is Pine Grove Holdings’ 6th transaction in the United States.
  • This is Pine Grove Holdings’ 1st transaction in Illinois.

M&A Deal Summary

Date 2022-06-23
Target KKSP Precision Machining
Sector Manufacturing
Buyer(s) Pine Grove Holdings
Sellers(s) Mill Point Capital
Deal Type Secondary Buyout

Target

KKSP Precision Machining

Glendale Heights, Illinois, United States
KKSP Precision Machining is a contract manufacturer of high-volume, medium-tolerance, precision-machined metal components for a variety of applications. K&K specializes in brass components and is the largest Davenport screw machine operator in the United States. KKSP Precision Machining was founded in 1968 and is based in Glendale Heights, Illinois.

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Buyer(S) 1

DESCRIPTION

Pine Grove Holdings is a small private investment group focused on venture, private equity, and real estate opportunities. Pine Grove Holdings was formed in 2011 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 6 of 7
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 6 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Richmond Wholesale

Richmond, California, United States

Richmond Wholesale is a wholesale food distributor serving the military around the world. Richmond Wholesale provides frozen, chilled, and dry food solutions. Richmond Wholesale was founded in 1959 and is based in Richmond, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Alturdyne

El Cajon, California, United States

Alturdyne designes and packages back-up generators for various industrial applications. Alturdyne rebuilt turbine engines for major OEMs and also provided regional generator maintenance services. Alturdyne was founded in 1983 and is based in El Cajon, California.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 5 of 9
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Illinois) 1 of 1
Country (United States) 5 of 9
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 International Designs Group

Decatur, Georgia, United States

International Designs Group (IDG) is a provider of top-quality slab and tile materials for the kitchen and bath industry. IDG offers exclusive brands like Pompeii Quartz and Forum Quartz, as well as its tile label, CTC (Cancos). In addition to slab and tile distribution, IDG has showrooms in several eastern U.S. states, including Alabama, Georgia, South Carolina, Florida and New York. These showrooms highlight and sell the company’s distinctive slab and tile products, and also provide a range of complementary specialty products for the kitchen and bath. International Designs Group is based in Decatur, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Vehicle Management Solutions

Mokena, Illinois, United States

Vehicle Management Solutions (VMS) is a provider of end-to-end vehicle management solutions including dispatch, vehicle storage and traffic incident management. The Company’s mission is to keep streets, roads and highways moving more safely and effectively. With a nationwide presence in 16 cities across 12 states, VMS focuses on building long-term relationships with states, municipalities, law enforcement agencies, insurance companies, logistics companies and various other clients to serve their communities. Vehicle Management Solutions was founded in 2005 and is based in Mokena, Illinois.

Buy -