Over 6x Return Caps Growth of Class-Defining Firm by D Cubed’s Lengthy-Period Funding Fund
Transaction Helps KPS World’s Ongoing Deal with its Clients, Innovation and Progress
Fort Value, TX (RestaurantNews.com) D Cubed Group (“D Cubed”), a long-duration personal market investor backed by high-net-worth enterprise founders and executives, as we speak introduced the sale of KPS World (“KPSG” or “the Firm”), the main supplier of customized insulated panel programs, to the Viessmann Generations Group (“Viessmann”), a purpose-driven household firm with a heritage of 107 years. The transaction, which represents a return to D Cubed traders of over 6x, stays topic to customary closing circumstances and is anticipated to shut within the subsequent 90 days. Monetary phrases of the transaction weren’t disclosed.
KPS World was created by D Cubed Group in 2015 by way of the simultaneous acquisitions of Hill Phoenix’s Stroll-Ins enterprise from Dover Company and Kysor Panel Techniques from The Manitowoc Firm, Inc. Since then, the mixed, privately held firm has been constructed right into a world-class group with an skilled management crew, in addition to forefront expertise, enterprise intelligence, and award-winning improvements which have set the usual for the trade. At this time, KPS World is an over $400 million income firm and is the market main supplier of customized insulated panel programs to corporations in all areas of meals retail in addition to the scientific and chilly storage markets. This transaction marks a transition after practically a decade of great income development, elevated profitability and product growth.
“From the start, we noticed a chance to convey vital funding, engagement, and a long-term orientation to mix two market leaders and construct an organization with a singular focus, world-class innovation and execution capabilities, and resourcing it to develop additional by way of proprietary choices and diversifying the markets it served,” stated Glenn Kaufman, Managing Director of D Cubed. “Via our funding in expertise, programs, enterprise intelligence, and innovation, in addition to our partnership with administration, KPS World has turn into the clear market chief and stands other than rivals based mostly on its end-to-end and totally customized capabilities, differentiated choices, and confirmed potential to develop in a number of markets.”
Kaufman continued, “Figuring out and investing into such off-market alternatives, after which driving and supporting enterprise enchancment and development is precisely what D Cubed’s private-market funding mannequin is all about.” Including, “Essentially the most profitable business-building usually doesn’t occur in synthetic 3-to-5-year home windows. It takes focus, engagement and funding. And it takes figuring out you possibly can and can apply these issues for the time wanted to drive outcomes and returns. The 9 years of involvement with KPS World exemplifies our true north: disciplined enterprise constructing to create and develop nice corporations, which leads to outsize long-term returns.”
“I joined KPS World as a result of D Cubed had a transparent imaginative and prescient and a willingness to speculate capital, effort and sources to construct an organization really past what ever existed on this trade,” stated KPS World CEO Mike Eakins. “Collectively, we’ve constructed one thing particular that has differentiated KPS World available in the market that not solely delivers what our clients want as we speak however can be repeatedly creating modern options they’ll want sooner or later.”
KPS World is being offered to Viessmann, a worldwide, broadly diversified and purpose-driven household enterprise for accountable capital. “We acknowledge D Cubed’s super accomplishment in creating and constructing KPS World to the place it’s. We see an unimaginable alternative to construct on that and help the Firm to additional lengthen its ongoing development inside and past its core market,” shared Max Viessmann, CEO of Viessmann. “We’re excited to work along with the corporate’s confirmed administration to additional drive worth creation.”
“I’m enthusiastic about working with one other long-term oriented, business-building accomplice to proceed to construct and develop as we’ve, whereas sustaining our dedication to our clients, staff and distributors,” Eakins added. “The whole management crew appears to be like ahead to working with Viessmann and can stay invested within the firm.”
Kaufman concluded, “Along with an awesome administration crew, who’ve been companions in each sense, we completed our plan to construct KPS World to function at a wholly completely different degree than had beforehand existed in its sector, and to develop in its historic market and markets past. We take super pleasure in what has been completed with this funding, within the crew and in what the Firm has turn into. We’re excited to see how the enterprise continues to develop over the long-term.”
KPS World will proceed to be led by its current administration crew and function by way of its headquarters and a newly constructed innovation middle in Fort Value and manufacture product from its 5 strategically situated amenities.
Baird served as lead monetary advisor, Lincoln Worldwide served as monetary co-advisor, and DLA Piper served as authorized advisor to KPS World and D Cubed Group on the transaction.
About D Cubed Group
D Cubed Group is a extremely differentiated and long-duration private-market funding agency that actively invests fairness capital in worthwhile, small- and mid-scale companies working in particularly focused sectors of the enterprise providers and client industries. The agency is targeted completely on delivering really enhanced long-term risk-adjusted funding returns for its business-oriented, excessive internet value traders. D Cubed focuses on the creation of worth by way of concentrating its investing in a restricted group of particular companies and offering all-in help and distinctive engagement and sources to help their development into long-term nice corporations, whereas having flexibility in period to permit them to function with a long-term orientation. For extra data on D Cubed Group, go to DCubedGroup.com.
About KPS World
KPS World is the market main supplier of end-to-end options for customized enclosures for managed environments, with essentially the most in depth worth chain protection throughout design, engineering, set up and after-market providers. Since its creation by D Cubed Group in 2015, it has been constructed into the clear chief all through the meals retail finish market and expanded considerably into the scientific and chilly storage markets. The corporate has 5 strategically situated manufacturing amenities to serve clients wherever on the earth. Headquartered in Fort Value, Texas, KPS World is a privately held firm with greater than 850 staff.
About Viessmann Group
Based in 1917, the impartial household firm Viessmann is as we speak a worldwide, broadly diversified Group. All actions are based mostly on the corporate’s objective “We co-create dwelling areas for generations to come back”. That is the eagerness and duty that the big worldwide Viessmann household brings to life day by day. Viessmann varieties an ecosystem of entrepreneurs and co-creators with a transparent deal with CO2 avoidance, CO2 discount and CO2 capturing.
Contacts:
For D Cubed Group:
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