Kaulig Capital
06/17/2026 | Press release | Archived content
Jennmar Announces Completion of Majority Investment by KPS Capital Partners, CEO Transition
Jennmar Announces Completion of Majority Investment by KPS Capital Partners, CEO Transition
June 17, 2026
Source: PR Newswire
Jennmar announced the completion of a majority equity investment by KPS Capital Partners, marking a new chapter in the company's more than 100-year history. As part of the transition, longtime CEO Tony Calandra will step into a board role, with industry veteran Dave Webster assuming the position of Chief Executive Officer. Webster brings decades of leadership experience driving global growth and operational excellence across manufacturing businesses. FalconPoint Partners, and subsequently Kaulig Capital, will retain a significant minority ownership stake. Jennmar will remain focused on expanding its capabilities and strengthening its position across the infrastructure, solar, mining, and construction markets.
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