Genesis to be part of International Equipment Solutions following acquisition of parent company.
Paladin Brands Holding, owner of the Genesis attachments brand, has today announced that KPS Capital Partners – through a newly formed holding company, International Equipment Solutions, Inc. – has entered into a definitive agreement to acquire Paladin and Crenlo LLC (“Crenlo”) from Dover Corporation (NYSE: DOV). Financial terms of the transaction were not disclosed.
Paladin is the leading independent North American provider of engineered attachment tools for operator-driven equipment serving a wide range of markets.
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 utility and foundation drilling markets. Paladin Custom Material Handling, through its Jewell brand, provides custom excavator packages for demolition, forestry and material handling markets.
Paladin Construction Group serves the construction, landscaping, agriculture and aviation markets under industry leading brands, including Bradco, McMillen, FFC, Sweepster, Harley, JRB, C&P, and CustomWorks.
