Crenlo: KPS Closes Third Sale from IES, Hits 3X Return

Angeles Equity Partners has acquired Crenlo from International Equipment Solutions, a portfolio company of KPS Capital Partners. KPS formed International Equipment Solutions (IES) in September 2011 to acquire Paladin Brands and Crenlo from publicly traded Dover Corporation. In March 2019, KPS sold IES' Paladin and Pengo units to Stanley Black & Decker (NYSE: SWK) and [...]The post KPS Closes Third Sale from IES, Hits 3X Return appeared first on Private Equity Professional.