Wednesday, March 04, 2015

Home News Paladin Brands Holding to be acquired by KPS Capital Partners

Paladin Brands Holding to be acquired by KPS Capital Partners

Industry News

The closing of the transaction is expected during the third quarter of 2011.

| September 15, 2011

Paladin Brands Holding announced that KPS Capital Partners, through a newly formed holding company, International Equipment Solutions, has entered into a definitive agreement to acquire Paladin and Crenlo from Dover Corp. Financial terms of the transaction were not disclosed.

Paladin is an independent North American provider of engineered attachment tools for operator-driven equipment serving a wide range of markets. Paladin operates four business units, each focused on specific markets and products. Paladin Construction Group serves the construction, landscaping, agriculture and aviation markets under various brands, including Bradco, McMillen, FFC, Sweepster, Harley, JRB, C&P and CustomWorks.

Paladin Demolition and Recycling, through its Genesis brand, serves the demolition and metal recycling markets. Paladin Utility, through its Pengo brand, provides augers and related tools for the utility and foundation drilling markets.  Paladin Custom Material Handling, through its Jewell brand, provides custom excavator packages for the demolition, forestry and material handling markets.

Crenlo is a North American provider of steel cabs and roll-over protective structures and electronics enclosures for customers serving a wide range of markets. In the operator interface cab segment, Crenlo serves OEM customers in the construction, mining, agriculture and specialty truck markets. Crenlo, through its Emcor brand, provides standard catalog and custom products for customers serving the technology, aerospace, government and energy markets.

David Burdakin, president of Paladin, said, “Our entire team at Paladin is pleased to move forward under KPS and excited about their commitment to manufacturing excellence and to supporting our future growth.  We will remain focused on providing our customers with industry leading products and unsurpassed service.”

Raquel Palmer, a KPS Partner, said, “We are very excited to create International Equipment Solutions. IES, by acquiring Paladin and Crenlo, launches as the premier international engineered equipment manufacturer, with an industry leading portfolio of brands and an exceptionally strong reputation for quality, durability, delivery, product support and product innovation. We intend to grow IES aggressively both organically and through acquisition in North America and globally.

"The combination of the company’s exceptional operational expertise and strong customer relationships, combined with financial resources provided by KPS, will facilitate IES’s global expansion, especially in China, India and South America.”  

The closing of the transaction is expected during the third quarter of 2011 and is subject to customary closing conditions.

Top news

PLANET unveils a new name

Ten years after it was formed, the industry’s national association has updated its name and logo as part of a strategic rebranding.

Free Grounds Guys webinar announced

Landscapers looking for solutions to finding qualified employees can attend the March 4 event.

Rules on recruiting

Knowing what to do isn't the challenge faced by executives – finding who to do it is.

Ariens reflects on passing of past president

Michael Ariens had recently celebrated his 55th anniversary with the company.

Plants and personalities

L&L attended the iLandscape show in Illinois and learned about native landscaping and how to deal with different types people.

x