Penfund-backed SureWerx acquires KP Industries
SureWerx, a portfolio company of Canadian private equity firm Penfund, has bought KP Industries Inc, an Old Mission, Michigan-based designer and maker of knee and elbow guards. No financial terms were released. SureWerx, a supplier of professional tools, equipment and safety products, said the acquisition aligns with its strategy of adding to its existing safety solutions in Canada, and expanding its portfolio and reach in the United States. Based in Vancouver, SureWerx rebranded in March from its prior name JET Group. Penfund acquired the business in 2012.
13 June 2016•3 mins read
