Jennmar Announces Majority Investment by KPS Capital Partners

Transaction to Support Company's Continued Investment in Innovation and Growth FalconPoint and Company CEO to Retain Significant Minority Stakes PITTSBURGH , March 11, 2026 /PRNewswire/ -- Jennmar (the "Company"), a leading global provider of infrastructure products and specialized services to the civil, solar, mining, and construction industries, today announced it has entered into a definitive agreement for KPS Capital Partners, LP ("KPS") to provide a majority equity investment in the Company. FalconPoint Partners ("FalconPoint") and Jennmar's CEO Tony Calandra will each retain a significant minority ownership position in the Company. Financial terms of the transaction were not disclosed. 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 will remain focused on operational excellence, safety, quality, and responsive customer service. "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 Tony Calandra, Chief Executive Officer of Jennmar. "We ... Full story available on Benzinga.com