KKR Acquires Potter Global Technologies
2023年11月27日 - 9:00PM
ビジネスワイヤ(英語)
All Employees to Become Owners in the
Company
KKR, a leading global investment firm, today announced that
investment funds managed by KKR have acquired Potter Global
Technologies (“Potter” or the “Company”), a leading manufacturer of
fire and life safety equipment, from Gryphon Investors. KKR plans
to support the Company in its continued growth organically and
through add-on acquisitions. Financial terms were not
disclosed.
Headquartered in St. Louis, Missouri, Potter is a trusted global
provider of fire safety and emergency communication equipment used
by thousands of customers across diverse end markets including
education, multi-family, industrial, and healthcare. Potter’s
leading products are used for monitoring fire safety systems,
detecting fires and other life-threatening events, and notifying
and communicating with building occupants and first responders to
ensure safe and efficient evacuations and responses.
“For over 125 years, the Potter brand has stood for safety and
reliability in the face of potentially life-threatening risks to
the thousands of people and institutions around the world who
entrust their fire and life safety to Potter. We have been
impressed by the Company’s history of innovation and commitment to
provide its customers with high-quality, easy-to-use systems
supported by incredible customer service,” said Brandon Brahm,
Partner at KKR and Co-Head of KKR’s Ascendant strategy. “We look
forward to collaborating with Gerry Connolly, the leadership team,
and all of the employees at Potter as we embark on this new era in
the Company’s growth and develop new ways to serve our customers
and protect lives.”
“Potter’s growth is a testament to the performance of our
talented team and to our reputation as a leader in the fire and
life safety industry. Our mission to protect people, buildings, and
critical infrastructure across the globe underpins everything we
do, and we are excited to continue furthering this mission with
KKR. We are aligned on Potter’s potential and look forward to
continue serving our customers through accelerated new product
innovation, superior customer service, and an expanded reach
domestically and internationally. Implementing KKR’s equity
ownership philosophy, which will make every employee an owner, will
be instrumental in achieving our potential and we are looking
forward to the exciting growth that all employees together will
drive as co-owners in Potter,” said Gerry Connolly, CEO of
Potter.
KKR will support Potter in implementing a broad-based employee
ownership program to allow all of its employees to have the
opportunity to participate in the benefits of ownership of the
Company. This strategy is based on the belief that employee
engagement is a key driver in building stronger companies. Since
2011, KKR portfolio companies have awarded billions of dollars of
total equity value to over 60,000 non-management employees across
more than 35 portfolio companies.
Potter is the latest investment for KKR’s Ascendant Strategy,
which invests in middle market businesses in North America as part
of KKR’s Americas Private Equity platform. Other investments in the
Ascendant strategy include Alchemer, 123Dentist, Industrial Physics
and a commitment to fund a new executive-led platform designed to
acquire and build businesses in the Testing, Inspection, and
Certification industry.
Baird and Baker McKenzie served as advisors to KKR.
About Potter:
Potter Global Technologies is the leading independent designer
and manufacturer of life safety and emergency communication
solutions. Through its various business brands, Potter provides
fire suppression, alarm and communications systems, mass
notification systems, first responder RF radio communications, and
advanced power products. The company motto is “We Save Lives” and
their employees appreciate the role they play and value working for
a company that is making a difference through protecting people,
property and critical infrastructure. Their mission is to make
buildings and people safer from fire, natural disasters, and acts
of violence. Throughout their longstanding 125-year history of
developing industry leading technology, Potter has earned a
reputation for best-in-class product quality and customer service.
The company is headquartered in St. Louis, Missouri, with sales,
engineering, and manufacturing centers in the Americas, Europe, and
Asia. Discover more about Potter Global Technologies at
www.potterglobaltech.com.
About KKR:
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231127233344/en/
For Potter: Eric Lauver ericl@pottersignal.com For
KKR: Julia Kosygina or Emily Cummings (212) 750-8300
media@kkr.com
KKR (NYSE:KKR)
過去 株価チャート
から 4 2024 まで 5 2024
KKR (NYSE:KKR)
過去 株価チャート
から 5 2023 まで 5 2024