Jennmar and KPS Capital Partners have entered into a definitive agreement for the latter to provide a majority equity investment in Jennmar. FalconPoint Partners and Jennmar’s CEO Tony Calandra will each retain a significant minority ownership position in the company.
“This transaction is a significant milestone for Jennmar and a reflection of the dedication of our employees, the trust our customers place in us, and the underlying strength of our business,” said Calandra.
“We are confident KPS is the right partner to help us accelerate growth and continue raising the bar for our customers. We are grateful for the partnership with FalconPoint in recent years and excited that they will continue to support the business during this next chapter. We have an exceptional foundation to invest in manufacturing capacity, innovation, and geographic expansion while maintaining the safety, quality, and service that define Jennmar. We look forward to capitalizing on the opportunities ahead and are grateful to have partners who share our vision and ambition for the company.”
Following the transaction, Jennmar will benefit from KPS’ global manufacturing experience and strategic resources as it enters its next phase of growth. With continued support from existing shareholders, the company plans to invest in key priorities, including expanding capabilities, accelerating product innovation, broadening geographic reach, and pursuing select strategic acquisitions. Jennmar said it will remain focused on operational excellence, safety, quality, and responsive customer service.
Financial terms of the transaction were not disclosed. It is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
Source: Jennmar