KPS Capital Partners has entered into a definitive agreement to acquire Paladin and Crenlo from Dover Corporation. Financial terms of the transaction were not disclosed.
Paladin provides engineered attachment tools for operator-driven equipment serving a variety of markets. They serve the landscaping, construction, agriculture and aviation markets under brands including Bradco, McMillen, FFC, Sweepster, Harley, JRB, C&P and CustomWorks.
Paladin Demolition and Recycling, through its Genesis brand, serves the demolition and metal recycling markets. Paladin Utility, through its Pengo brand, provides augers and related tools for the utility and foundation drilling markets. Paladin Custom Material Handling, through its Jewell brand, provides custom excavator packages for the demolition, forestry and material handling markets.
Crenlo provides steel cabs and roll-over protective structures (ROPS) and electronics enclosures for customers serving a wide range of markets. In the operator interface cab segment, Crenlo serves OEM customers in the construction, mining, agriculture and specialty truck markets. Crenlo, through its Emcor brand, provides standard catalog and custom products for customers serving the technology, aerospace, government and energy markets.
The closing of the transaction is expected during the third quarter of 2011 and is subject to customary closing conditions. For more information, visit paladinbrands.com.
