KPS Capital Partners to Acquire Paladin

Paladin Brands Holding announced that KPS Capital Partners, through a newly formed holding company, International Equipment Solutions (IES) has entered into a definitive agreement to acquire Paladin and Crenlo from Dover Corp.

Paladin is an independent North American provider of engineered attachment tools for operator-driven equipment serving a wide range of markets. Paladin operates four business units, each focused on specific markets and products. Paladin Construction Group serves the construction, landscaping, agriculture and aviation markets under brands, including Bradco, McMillen, FFC, Sweepster, Harley, JRB, C&P, and CustomWorks.

David Burdakin, President of Paladin, said, “Our entire team at Paladin is pleased to move forward under KPS and excited about their commitment to manufacturing excellence and to supporting our future growth. We will remain focused on providing our customers with industry leading products and unsurpassed service.”

Raquel Palmer, a KPS Partner, said, “We are very excited to create International Equipment Solutions. IES, by acquiring Paladin and Crenlo, launches as the premier international engineered equipment manufacturer, with an industry leading portfolio of brands and an exceptionally strong reputation for quality, durability, delivery, product support and product innovation. We intend to grow IES aggressively both organically and through acquisition in North America and globally. The combination of the company’s exceptional operational expertise and strong customer relationships, combined with financial resources provided by KPS, will facilitate IES’s global expansion, especially in China, India and South America.”

Paladin has been a member of this Association since 1999. For more information about the company go to paladinlightconstruction.com. ◆