D Cubed Group, a long-duration private market investor backed by high-net-worth business founders and executives, announced the successful closing of its sale of KPS Global (KPSG), the leading provider of custom insulated panel systems, to Viessmann Generations Group.
The company continues helping its existing businesses drive performance while at the same time working toward creating new investments where outsized returns can come from building and growing the businesses and are largely uncorrelated with the financial markets. D Cubed continues to take this approach for high-net-worth and long-duration investors, who bring tremendous advantages in alignment with business owners and executives. And this approach to private market investing supports building better companies, which leads to truly special investment results.
KEY QUOTES:
“Today marks the successful completion of our decade-long investment in KPS Global. We are proud of having identified and executed on the opportunity to build a category-defining company that has reshaped its sector and is positioned to drive significant future growth. We are delighted to see those actions provide D Cubed investors with a very outsized, long-term, and tax-efficient return that has been almost entirely uncorrelated with the vagaries of financial markets. It is a great example of what our long-duration, business-building private-market investment model is all about.”
“D Cubed intentionally does not operate in the manner of a traditional private equity firm. Rather, we are highly selective in the alignment and orientation of our investors so we can invest with a long-term mindset and do so with a small group of businesses where we can provide substantial engagement and resources. We are intentionally not about operating with aggressive leverage, a short-term orientation, or spreading thin our focus across a broad portfolio. We know this serves us, our investors, and, importantly, the companies and teams we work with exceptionally well.”
“We operate a specific model that allows us to optimize investing and engaging in disciplined business building to build and grow great companies. When we do that it inherently drives outsized, long-term, risk-adjusted results for our investor and management partners. We are as excited for the results to come as we are about those achieved with KPSG.”
-Glenn Kaufman, Managing Director of D Cubed
“D Cubed has been an outstanding partner. Bringing three companies together to build a platform based on people, innovation and a relentless focus on our customers reflects their very different approach to private investment. And we are the company we are today in part because of their patience, resources and determination. We want to thank D Cubed and the Board they assembled for all they have done to position KPS Global as the industry authority and for a successful future. We’re excited about moving forward but filled with gratitude and pride for what we’ve accomplished to date.”
-Mike Eakins, CEO of KPS Global
