D Cubed Neighborhood Completes A hit Investment in KPS World with Sale to Viessmann
Over 6x Return Caps Vogue of Category-Defining Firm by D Cubed’s Long-Duration Investment Fund
Transaction Helps KPS World’s Ongoing Focal point on its Possibilities, Innovation and Enhance
Citadel Worth, TX (RestaurantNews.com) D Cubed Neighborhood (“D Cubed”), a prolonged-length non-public market investor backed by high-salvage-worth industry founders and executives, currently launched the sale of KPS World (“KPSG” or “the Firm”), the leading provider of personalized insulated panel techniques, to the Viessmann Generations Neighborhood (“Viessmann”), a reason-pushed household company with a heritage of 107 years. The transaction, which represents a return to D Cubed investors of over 6x, stays self-discipline to archaic closing circumstances and is anticipated to discontinuance within the next 90 days. Financial terms of the transaction weren’t disclosed.
KPS World changed into created by D Cubed Neighborhood in 2015 thru the simultaneous acquisitions of Hill Phoenix’s Stroll-Ins industry from Dover Corporation and Kysor Panel Programs from The Manitowoc Firm, Inc. Since then, the blended, privately held company has been constructed into a world-class organization with an experienced leadership crew, as well to modern expertise, industry intelligence, and award-a success enhancements that hold assign the usual for the industry. On the present time, KPS World is an over $400 million income company and is the market leading provider of personalized insulated panel techniques to corporations in all areas of food retail as well to the scientific and chilly storage markets. This transaction marks a transition after simply a pair of decade of predominant income boost, elevated profitability and product expansion.
“From the starting, we saw an opportunity to suppose predominant investment, engagement, and a prolonged-term orientation to combine two market leaders and form a company with a unique heart of attention, world-class innovation and execution capabilities, and resourcing it to grow extra thru proprietary offerings and diversifying the markets it served,” stated Glenn Kaufman, Managing Director of D Cubed. “By our investment in expertise, techniques, industry intelligence, and innovation, as well to our partnership with management, KPS World has change into the unpleasant market leader and stands other than competitors in defending with its pause-to-pause and completely personalized capabilities, differentiated offerings, and confirmed ability to grow in multiple markets.”
Kaufman continued, “Identifying and investing into such off-market opportunities, after which riding and supporting industry enchancment and boost is exactly what D Cubed’s non-public-market investment mannequin is all about.” Adding, “Basically the most a success industry-constructing on the final doesn’t happen in synthetic 3-to-5-yr windows. It takes heart of attention, engagement and investment. And it takes radiant you can and can simply quiet notice these issues for the time wished to drive results and returns. The 9 years of involvement with KPS World exemplifies our suitable north: disciplined industry constructing to make and grow enormous corporations, which finally ends up in outsize prolonged-term returns.”
“I joined KPS World because D Cubed had a obvious vision and a willingness to speculate capital, effort and sources to form a company in fact beyond what ever existed on this industry,” stated KPS World CEO Mike Eakins. “Collectively, we hold now constructed one thing particular that has differentiated KPS World available within the market that no longer finest delivers what our customers need currently however is also constantly rising modern solutions they would possibly be able to need within the prolonged bustle.”
KPS World is being bought to Viessmann, a global, broadly varied and reason-pushed household industry for guilty capital. “We acknowledge D Cubed’s enormous accomplishment in creating and constructing KPS World to where it’s. We watch an handsome opportunity to form on that and strengthen the Firm to extra delay its ongoing boost internal and beyond its core market,” shared Max Viessmann, CEO of Viessmann. “We’re wrathful to work alongside with the company’s confirmed management to extra drive worth creation.”
“I’m inquisitive about working with every other prolonged-term oriented, industry-constructing partner to continue to form and grow as we hold now, while declaring our dedication to our customers, employees and vendors,” Eakins added. “All of the leadership crew looks forward to working with Viessmann and can simply quiet remain invested within the company.”
Kaufman concluded, “In conjunction with a enormous management crew, who hold been companions in every sense, we accomplished our plan to form KPS World to operate at an completely assorted stage than had beforehand existed in its sector, and to grow in its historical market and markets beyond. We take enormous indulge in what has been accomplished with this investment, within the crew and in what the Firm has change into. We’re wrathful to leer how the industry continues to grow over the prolonged-term.”
KPS World will continue to be led by its existing management crew and operate thru its headquarters and a newly constructed innovation heart in Citadel Worth and develop product from its 5 strategically located facilities.
Baird served as lead financial advisor, Lincoln World served as financial co-advisor, and DLA Piper served as suitable advisor to KPS World and D Cubed Neighborhood on the transaction.
About D Cubed Neighborhood
D Cubed Neighborhood is a extremely differentiated and prolonged-length non-public-market investment firm that actively invests equity capital in worthwhile, tiny- and mid-scale companies running in namely targeted sectors of the industry services and products and person industries. The firm is centered completely on turning in in fact enhanced prolonged-term risk-adjusted investment returns for its industry-oriented, high salvage worth investors. D Cubed specializes within the creation of worth thru concentrating its investing in a dinky group of particular companies and offering all-in strengthen and famous engagement and sources to augment their boost into prolonged-term enormous corporations, while having flexibility in length to enable them to operate with a prolonged-term orientation. For added data on D Cubed Neighborhood, talk over with DCubedGroup.com.
About KPS World
KPS World is the market leading provider of pause-to-pause solutions for personalized enclosures for controlled environments, with the most large worth chain coverage correct thru develop, engineering, set up and after-market services and products. Since its creation by D Cubed Neighborhood in 2015, it has been constructed into the unpleasant leader throughout the food retail pause market and expanded very a lot into the scientific and chilly storage markets. The company has 5 strategically located manufacturing facilities to lend a hand customers wherever within the arena. Headquartered in Citadel Worth, Texas, KPS World is a privately held company with extra than 850 employees.
About Viessmann Neighborhood
Based in 1917, the impartial household company Viessmann is currently a global, broadly varied Neighborhood. All actions are in defending with the company’s reason “We co-make living spaces for generations to reach”. Here’s the eagerness and responsibility that the huge worldwide Viessmann household brings to life on every day foundation. Viessmann forms an ecosystem of entrepreneurs and co-creators with a obvious variety out CO2 avoidance, CO2 low cost and CO2 taking pictures.
Contacts:
For D Cubed Neighborhood:
Whit Clay
wclay@sloanepr.com
917-601-6012
Anastasia Gurevits
agouliaeva@dcubedgroup.com
212-605-4917
For KPS World:
Ashleigh Martin
ashleigh.martin@KPSGlobal.com
817-437-3965
For Viessmann:
Byung-Huni Park
huni@viessmann.com
+49 151-64911317
