KPS Forms IES

News & Press Releases

Friday, September 9, 2011

KPS CAPITAL PARTNERS FORMS INTERNATIONAL EQUIPMENT SOLUTIONS, LLC
TO OVERSEE SPECIFIC INDUSTRY ACQUISITIONS

New York, NY (September 8, 2011) -- KPS Capital Partners, LP ("KPS") announced today that it has formed a new company, International Equipment Solutions, LLC (“IES”), to oversee specific industry acquisitions.

International Equipment Solutions, LLC is a global engineered equipment company serving the industrial, construction, agriculture, landscaping, infrastructure, aviation, recycling, demolition, mining and energy markets. IES currently operates through two primary business units recently acquired from Dover Corporation: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities throughout North America and other parts of the world.