KPS Capital Partners has agreed to acquire The Wells Companies, Inc, an Albany, Minnesota-based manufacturer of architectural and structural precast concrete solutions. The transaction is expected to close in the first quarter of 2026, marking a strategic expansion for the private equity firm in the industrial manufacturing sector.

Wells operates 13 manufacturing facilities across the United States and offers design assistance, engineering services, manufacturing, and on-site installation and finishing. Dan Juntunen serves as CEO of the company, which has established itself as a provider of comprehensive precast concrete solutions for architectural and structural applications.

The acquisition represents KPS Capital's continued investment in industrial and manufacturing businesses, though financial terms of the deal were not disclosed. With Wells' extensive manufacturing footprint and specialized capabilities in precast concrete, the deal positions KPS to capitalize on infrastructure and construction market opportunities across multiple regions.