KPS Capital Partners Acquires Majority Stake in Jennmar

In a move that signals continued investment in the maritime infrastructure sector, private equity firm KPS Capital Partners has announced a majority investment in Jennmar, a leading global provider of specialized products and services for the mining, tunneling, and infrastructure industries. According to the press release, the transaction will allow Jennmar to accelerate its growth strategy and continue investing in innovation. FalconPoint Capital, Jennmar's previous majority owner, and the company's CEO will retain significant minority stakes. 'This investment from KPS will enable us to further strengthen our market-leading position and continue delivering high-quality products and services to our global customer base,' said Jennmar CEO John Vitale. 'We are excited to partner with the KPS team and leverage their deep industry expertise and operational capabilities to drive the next phase of Jennmar's development.' The maritime industry has seen increased activity in the infrastructure space as ports, terminals, and other maritime facilities work to modernize and expand their capabilities. Jennmar's portfolio of ground control, ventilation, and other specialized products are critical components in the construction and maintenance of port infrastructure, tunnels, and other maritime-adjacent projects. 'Jennmar is an excellent fit for the KPS investment strategy,' said Raquel Palmer, a partner at KPS. 'The company has a long track record of innovation, operational excellence, and customer service in attractive end markets. We look forward to working with the Jennmar team to build on the company's leadership position and capitalize on compelling growth opportunities.' The 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 regulatory approvals.