KPS Capital has put up a majority equity investment in Jennmar, a Pittsburgh‑based maker of infrastructure products serving civil, solar, mining and construction sectors. The deal gives KPS control while existing shareholder FalconPoint Partners keeps a sizeable minority stake. The financing structure includes a cash injection and minority equity rollover, and the transaction follows Jennmar’s nearly century‑old history since its 1922 founding.

As part of the transaction, boardroom shift sees Dave Webster take over as chief executive, replacing Tony Calandra, who stays on the board and retains a shareholding. Webster, formerly head of operations, will focus on digitizing supply chains. Calandra’s continued involvement aims to smooth the transition and preserve relationships with key customers in the heavy‑equipment market. The leadership change signals KPS’s intent to accelerate growth.

Investors will watch how the injected capital fuels Jennmar’s expansion into renewable‑energy infrastructure, a sector gaining momentum amid federal stimulus. The minority stake retained by FalconPoint Partners provides continuity, while KPS’s track record of operational turnarounds suggests potential margin improvements. If profit margins rise, shareholders could see a double‑digit uplift. The transaction marks a significant reshaping of a legacy supplier’s ownership structure.