Stanley Black & Decker to buy IES Attachments from KPS for $690M

KPS Capital Partners signed a definitive agreement to sell the attachments division of International Equipment Solutions (IES Attachments) to Stanley Black & Decker for $690 million. The division includes Paladin, Genesis and Pengo brands.

“KPS Capital Partners, LP announced today that it has signed a definitive agreement, through an affiliate, to sell the attachments division of International Equipment Solutions, LLC to Stanley Black & Decker, Inc. for $690 million.”prnewswire.com

• 2 sources
• prnewswire.comKPS Capital Partners To Sell The Attachments Division Of International Equipment Solutions To Stanley Black & DeckerKPS Capital Partners, LPAug 7, 2018
• thefabricator.comStanley to buy manufacturing group including GenesisAug 15, 2018

Summarized from public sources; check the original articles before acting on it.