Recapitalization • Manufacturing

Red Arts Capital Acquires KKSP Precision Machining

On December 19, 2024, private equity firm Red Arts Capital acquired manufacturer KKSP Precision Machining from Pine Grove Holdings

Acquisition Context
  • This is Red Arts Capital’s 1st transaction in the Manufacturing sector.
  • This is Red Arts Capital’s 6th transaction in the United States.
  • This is Red Arts Capital’s 2nd transaction in Illinois.

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M&A Deal Summary

Date December 19, 2024
Target KKSP Precision Machining
Sector Manufacturing
Buyer(s) Red Arts Capital
Sellers(s) Pine Grove Holdings
Deal Type Recapitalization

Target Company

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 Overview 1

DESCRIPTION

Red Arts Capital is a private investment firm focused on North American-based transportation, logistics and related industries. The Firm looks to invest in privately-owned, primarily family-owned and multi-generational businesses with solid business fundamentals and a strong track record and reputation. Red Arts Capital is headquartered in Chicago.


Deal Context for Buyer #
Overall 6 of 8
Sector: Manufacturing 1 of 1
Type: Recapitalization 2 of 2
State: Illinois 2 of 2
Country: United States 6 of 8
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 Partners Warehouse

Elwood, Illinois, United States

Partners Warehouse provides rail trans-loading services to the building materials industry. Industries served include building materials, lumber and panel products, paper, pulp, steel, and other metals, automotive, food and food products, food ingredients, consumer goods, and bulk products. Partners Warehouse was founded in 1989 and is based in Elwood, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-13 Freshway Foods

Sidney, Ohio, United States

Freshway Foods is a fresh fruit and vegetable processor, repacker, and distributor serving customers throughout the eastern half of the United States. Freshway Foods was founded in 1988 and is based in Sidney, Ohio.

Buy -

Seller Profile 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 Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Recapitalization 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
PREVIOUS 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 -