KPS Capital Partners announced that it has signed a definitive agreement, through a newly formed affiliate, to acquire a controlling interest in Jennmar and its affiliates. Financial terms of the transaction were not disclosed. The deal is expected to close in the second quarter of 2026, subject to customary closing conditions and approvals.
Founded in 1922, Jennmar is a global provider of safety-critical ground support products and services for the mining, civil infrastructure, solar, and construction industries. The company supports customers worldwide by helping them operate safely and efficiently through specialized infrastructure products and services.
Headquartered in Pittsburgh, Pennsylvania, Jennmar employs approximately 4,000 people and operates 59 manufacturing facilities globally. Its products and services are widely used in sectors where safety and structural integrity are critical to ongoing operations.
KPS Capital Partners said it intends to support Jennmar’s continued growth by leveraging its manufacturing expertise and capital resources. The firm plans to work closely with the company’s leadership to expand organically and through acquisitions while strengthening its position in global markets.
Jennmar’s existing owners, including CEO Tony Calandra and FalconPoint Partners, will retain meaningful minority stakes in the business following the transaction, signaling their continued commitment to the company’s long-term growth strategy.
Support: Legal counsel to KPS and its affiliates was provided by Paul, Weiss, Rifkind, Wharton and Garrison LLP, while Jefferies served as financial advisor. Lowenstein Sandler LLP served as legal counsel to Jennmar and FalconPoint, and Evercore and Rothschild & Co. acted as financial advisors.
KEY QUOTES
“Jennmar is a global market leader in ground support products with a proven track record of delivering best-in-class customer service and product quality. We look forward to supporting the Jennmar leadership team with KPS’ decades of global manufacturing experience as well as our strategic support and capital to continue Jennmar’s tremendous growth both organically and through acquisition. We are also pleased that existing owners, Tony Calandra and FalconPoint Partners, will continue as meaningful minority shareholders, affirming our shared view of the future growth and value creation potential of Jennmar.”
Kyle Mumford, Partner, KPS Capital Partners
“I am exceptionally proud of the accomplishments of the Jennmar team – each year we consistently broaden our product offering, increase our service capabilities, and expand the geographies in which we can fully support our customers – all while continuing our best-in-class quality and delivery. Jennmar is committed to continuing this trajectory and we identified KPS as the right partner to support and accelerate our growth. Jennmar will benefit considerably from KPS’ manufacturing expertise and capital resources as we continue to invest heavily in innovating to meet our customers’ needs and expanding our addressable markets.”
Tony Calandra, Chief Executive Officer, Jennmar
