NEW YORK, June 10, 2025 /PRNewswire/ — KPS Capital Companions, LP (“KPS”) introduced these days that it has signed a definitive word of honour to promote its portfolio corporate Hussey Copper (the “Company”) to Global Twine Crew (“IWG”), a eminent producer of copper and copper-alloy twine merchandise in america. Monetary phrases of the transaction weren’t disclosed. Of completion of the transaction is anticipated within the 3rd quarter of 2025 and is matter to commonplace latter statuses and approvals.
Hussey Copper is a eminent North American processor and fabricator of copper merchandise. The Corporate offer a complete portfolio of top of the range copper merchandise impaired in electric infrastructure, information heart, energy time and commercial packages. Hussey Copper is headquartered in Leetsdale, Pennsylvania, and has 3 U.S. production amenities and roughly 570 staff.
KPS got Hussey Copper in December 2020. KPS and Hussey Copper’s control staff effectively remodeled the Corporate by way of making an investment vital capital to improve and modernize operations, creation steady development techniques to pressure value financial savings, expanding production capability, diversifying into unutilized merchandise in the course of the strategic acquisition of Mueller Industries’ extruded copper bar property, refocusing the industrial technique and considerably increasing the Corporate’s presence in high-growth end-markets. Because of those tasks, Hussey Copper just about tripled its profitability underneath KPS’ possession.
Ryan Harrison, a Spouse of KPS Mid-Cap Investments, mentioned, “The success of our investment in Hussey Copper demonstrates KPS’ investment strategy of seeing value where others do not, buying right and making businesses better across economic cycles and industries over decades. We are proud of Hussey Copper’s extraordinary transformation under KPS’ ownership. Hussey Copper demonstrates our ability to partner with prominent management teams to build industry-leading manufacturing companies. We view the Company’s success as a direct result of KPS’ commitment to, and investment in, Hussey Copper’s operations, strategic growth initiatives and its people.”
Mr. Harrison added, “We congratulate and thank Dale Taylor, Hussey Copper’s Chief Executive Officer, along with the Company’s management team and the entire organization, for their strategic vision and tremendous dedication to the Company. Hussey Copper is well-positioned for continued growth and industry leadership under IWG’s ownership.”
Dale Taylor added, “Our partnership with KPS was phenomenal. KPS recognized the underlying potential of Hussey Copper and actively supported the entire team through a significant business transformation. Under KPS’ ownership, Hussey Copper became a far better company by investing significantly in our people and operations, focusing on manufacturing excellence and providing high product quality and support to our customer base. We thank our customers, suppliers and employees for their contributions to our success. The strength of the Company has been recognized by IWG, and Hussey Copper is expected to continue its positive trajectory as an integral part of IWG.”
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as prison recommend and Lazard Frères & Co. LLC served as monetary consultant to KPS and Hussey Copper.
About Hussey Copper
Hussey Copper is a North American processor and fabricator of copper merchandise. The Corporate offer a complete portfolio of top of the range copper merchandise impaired in electric infrastructure, information heart, energy time and commercial packages. Hussey Copper is headquartered in Leetsdale, Pennsylvania, and has 3 U.S. production amenities and roughly 570 staff. Additional info may also be discovered at www.husseycopper.com.
About KPS Capital Companions, LP
KPS, via its affiliated control entities, is the executive of the KPS Particular Conditions Finances, a people of funding finances with roughly $19.4 billion of property underneath control (as of March 31, 2025). For over 3 many years, the Companions of KPS have labored vigorously to understand vital capital look up to by way of making controlling fairness investments in production and commercial firms throughout a numerous array of industries, together with ordinary fabrics, branded client, healthcare and comfort merchandise, automobile portions, capital apparatus and basic production. KPS seeks to develop price for its traders by way of running constructively with proficient control groups to form companies higher, and generate funding returns by way of structurally bettering the strategic place, competitiveness and profitability of its portfolio firms, in lieu than essentially depending on monetary leverage. The KPS Finances’ portfolio firms lately generate mixture annual revenues of roughly $22.2 billion, function 216 production amenities in 21 international locations, and feature roughly 57,000 staff, immediately and thru joint ventures international (as of March 31, 2025). The KPS funding technique and portfolio firms are described in attribute at www.kpsfund.com.
KPS Mid-Cap objectives the similar form of funding alternatives and makes use of the similar funding technique that KPS’ flagship finances have hired for over 3 many years. KPS Mid-Cap objectives to leverage and take pleasure in KPS’ international platform, recognition, monitor file, infrastructure, very best practices, wisdom and enjoy. The KPS Mid-Cap funding staff is controlled by way of Companions Pierre de Villeméjane and Ryan Harrison, who supremacy a staff of skilled and proficient execs.
About Global Twine Crew
Headquartered in Camden, Unutilized York, IWG is the most important non-vertically built-in copper and copper-alloy twine merchandise producer in america and maintains operations in Europe, all supported by way of remarkable international engineering functions. IWG is very popular for its capability and vast product portfolio, servicing a large field of packages in power, inexperienced electrification, commercial, automobile, aerospace, information communications and alternative primary markets. Additional data is to be had at www.Internationalwire.com
Disclaimer
Time efficiency isn’t indicative of presen effects. There may also be refuse commitment that KPS or any of its finances or investments will reach their targets or steer clear of vital losses.
Sure statements herein mirror the reviews of KPS as of the month hereof and are in response to quite a few guesses and estimates which can be matter to numerous dangers and alter. There’s no word of honour that such reviews will likely be discovered.
Ahead-Taking a look Statements
This press reduce incorporates “forward-looking statements”, together with statements in regards to the pondered transaction. Ahead-looking statements can most often be known by way of the worth of phrases similar to “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “potential,” “seek,” “should,” “think,” “will,” “would” and indistinguishable expressions, or they’ll worth presen dates. Ahead-looking statements on this report come with, with out limitation, statements in regards to the Corporate’s expectancies as to the crowning glory, timing and expected affects of the pondered transaction. Those forward-looking statements are matter to guesses, dangers and uncertainties that can exchange at any occasion, and readers are subsequently cautioned that latest effects may just vary materially from the ones expressed in any forward-looking statements. Elements that might reason latest effects to vary come with, amongst alternative issues: the incidence of any match, exchange or alternative instances that might give be on one?s feet to the termination of the definitive word of honour or may just another way reason the transaction pondered herein to fail to similar; the lack of the Corporate, KPS or IWG to fulfill the statuses to latter; and alternative dangers and uncertainties. The Corporate undertakes refuse legal responsibility to replace any forward-looking statements because of unutilized data, presen traits or another way, with the exception of as expressly required by way of regulation. All forward-looking statements on this report are certified of their entirety by way of this cautionary remark.
Statements By means of Portfolio Corporate Executives
Sure statements about KPS made by way of portfolio corporate executives herein are meant for example KPS’ trade courting with such individuals, together with with appreciate to KPS’ skills as a trade spouse, in lieu than KPS’ functions or experience with appreciate to funding advisory services and products. Portfolio corporate executives weren’t compensated in reference to the conversation of such statements, despite the fact that they most often obtain repayment and funding alternatives in reference to their portfolio corporate roles, and in sure circumstances also are homeowners of portfolio corporate securities and/or traders in KPS-sponsored automobiles. Such repayment and investments matter individuals to doable conflicts of hobby in making the statements herein.
SOURCE KPS Capital Companions, LP
