Officials with infrastructure products and services provider Jennmar, headquartered in Pittsburgh, said the company has entered into an agreement with KPS Capital Partners.
KPS Capital will provide a majority equity investment into the company, while FalconPoint Partners and Jennmar’s CEO Tony Calandra retain a significant minority ownership position in the company. The transaction will support Jennmar’s continued innovation and growth, company officials said.
Once the transaction is complete, Jennmar will benefit from KPS’ global manufacturing experience and strategic resources, officials said. The company said it plans to invest in key priorities including expanding capabilities, accelerating product innovation, broadening its reach and pursuing strategic acquisitions. The company will remain focused on operational excellence, safety, quality and customer service, officials said.
“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,” Calandra said. “We are confident KPS is the right partner to help us accelerate growth and continue raising the bar for our customers… We have an exceptional foundation to invest in manufacturing capacity, innovation, and geographic expansion while maintaining the safety, quality, and service that define Jennmar.”
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
“Jennmar is a global market leader in ground support products with a proven track record of delivering best-in-class customer service and product quality,” Kyle Mumford, Partner of KPS, said. “We look forward to supporting the Jennmar leadership team with KPS’ decades of global manufacturing experience as well as our strategic support and capital to continue Jennmar’s tremendous growth both organically and through acquisition. We are also pleased that existing owners, Tony Calandra and FalconPoint Partners, will continue as meaningful minority shareholders, affirming our shared view of the future growth and value creation potential of Jennmar.”