KPS Capital Partners LP divested Genesis Attachments LLC to NPK Construction Equipment Inc.
Superior, Wis.-based Genesis makes hydraulic mobile shears, specialty demolition attachment tools, grapples, concrete processors and related aftermarket parts. KPS Capital sold Genesis through International Equipment Solutions LLC.
KPS will remain the owner of Crenlo Global, which comprises Crenlo, Emcor and Siac do Brasil Ltda. Steve Andrews and Steve Klyn will remain the respective CEO and CFO of Crenlo Global.
Paul Weiss Rifkind Wharton and Garrison LLP was the legal adviser, and Deutsche Bank was the exclusive financial adviser to KPS and Genesis.
KPS makes controlling equity investments in companies focused on the basic materials, branded consumer, healthcare products, luxury products, automotive parts, capital equipment, general manufacturing and related sectors.