Bloomberg Law
Aug. 14, 2020, 11:00 AM

KPS Capital Goes on Offense Buying Humvee and Lawn Mower Makers

Josh Saul
Josh Saul
Bloomberg News

There’s something retro about KPS Capital Partners. The private equity firm earns money from companies that make actual things -- Humvees and golf clubs, treadmills and lawn mowers. They favor old-line iconic brands, they don’t use a lot of leverage and they don’t mind working with unions.

They’re also staying busy at a time when other PE firms have put big deals on hold. KPS is poised to buy Briggs & Stratton Corp., the bankrupt maker of landscaping equipment, and in the past three months the $11.4 billion firm purchased Baker Hughes Co.’s oil pump business and ...

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