MILWAUKEE, WI (September 23, 2020) – Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton”, the “Company” or the “Acquired Business”). We intend to capitalize on the Company’s many attractive growth opportunities and to support its already substantial investment in research and development, technology and new product development. Briggs & Stratton will now operate as an independent company with the long-term support of KPS, a leading global private equity investor with a demonstrated track record of successfully transforming businesses and creating profitable, growing companies. KPS … MILWAUKEE — After emerging from Chapter 11 restructuring as a new company with a new owner and a new CEO, Briggs & Stratton LLC, a company with a 113-year legacy, also has a new beginning. Wells Fargo is continuing to provide floorplan financing to support Briggs & Stratton’s customers and a syndicate of banks including Wells Fargo, Bank of America, BMO Harris Bank and PNC Business Credit provided exit financing for the Company. Further, Wells Fargo has agreed to continue to provide floorplan financing to support Briggs & Stratton’s customers under KPS’ ownership, and a syndicate of banks including Wells Fargo, Bank of America, BMO Harris Bank and PNC Business Credit has committed to provide exit financing to Briggs & Stratton. MILWAUKEE, July 20, 2020 /PRNewswire/ -- The United Steelworkers (USW) today said that KPS Capital Partners' (KPS) acquisition of Briggs & Stratton … KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents. "KPS is delighted that Steve Andrews will serve as President and CEO of Briggs & Stratton. «On behalf of the Company, I would like to thank former Chairman, President and CEO Todd Teske for his decades of service and many contributions,» Mr. Andrews concluded. KPS, through an affiliate, has also agreed to invest $265 million in a FILO tranche of Briggs & Stratton’s Debtor in Possession (“DIP”) financing to support the Company’s operations. We have worked successfully with Steve in the past and look forward to collaborating again as the new Briggs & Stratton». Last Week KPS Acquired Briggs and Stratton - AND Humvee-maker AM General Original source: Defense News WASHINGTON — Humvee-maker AM General has been acquired by KPS Capital Partners, a private equity firm known for buying financially distressed manufacturers, the … Private equity firm KPS Capital Partners has finalized its purchase of all assets of Briggs & Stratton, which filed for Chapter 11 bankruptcy in July. T: 212.338.5100 | F: 646.307.7100. Free of any legacy liabilities, and with a strong balance sheet and the Company’s world-class workforce, we have an exceptional opportunity to build upon the Company’s leading market position. KPS and Mr. Andrews have a history of successfully working together to create, operate and grow world-class businesses. IES became a leading independent manufacturer of attachment tools, operator cabs and other complex fabrications for off-highway applications. The U.S. Bankruptcy Court for the Eastern District of Missouri formally approved the transaction on September 15, 2020. KPS intends to grow the new Briggs & Stratton aggressively through strategic acquisitions. KPS intends to grow the new Briggs & Stratton aggressively through strategic acquisitions. The new Briggs & Stratton will be conservatively capitalized and not encumbered by its predecessor’s significant liabilities. Any information presented by outside sources represents the understandings and opinions of such outside sources, which may differ from those of KPS. Under the terms of the agreement, an affiliate of KPS formed for purposes of this transaction agreed to acquire substantially allof the Briggs & Stratton assets and assume certain customer, employee and vendor liabilities. KPS acquired the assets free and clear of substantially all liens, claims, encumbrances and interests through a sale under Section 363 of the United States Bankruptcy Code. By clicking "Sign Up" I consent to receiving KPS Press Releases and Announcements. Briggs & Stratton expects to sell its assets through a court-supervised sale process under Section 363 of the Bankruptcy Code. Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS’ financial resources and expertise. The sale's closing is expected to … “KPS is committed to the expeditious acquisition of Briggs & Stratton to provide certainty of outcome and confidence in the new Company’s future for all of its stakeholders, … A post can't be all inclusive. … “KPS intends to grow the new Briggs & Stratton aggressively through strategic acquisitions,” said Michael Psaros, co-founder and co-managing partner of KPS, in a statement. The stalking horse bid by KPS Capital Partners is $550 million cash via one of their entities, Bucephalus Buyer LLC. KPS also announced that it has entered into an agreement in principle with the United Steelworkers of America (the “USW”) with respect to a new collective bargaining agreement (“CBA”) for Briggs & Stratton hourly employees represented by the union at the Company’s manufacturing facilities in Wisconsin. With the completion of the sale to KPS, the Acquired Business has successfully exited from its Chapter 11 Bankruptcy proceeding. Briggs & Stratton announced that KPS Capital Partners LP, through a newly formed affiliate, has acquired substantially all the assets of Briggs & Stratton Corp. and certain of its wholly owned subsidiaries. Briggs & Stratton has filed a motion with the United States Bankruptcy Court for the Eastern District of Missouri seeking the designation of KPS as the stalking horse bidder in a sale motion as part of the Company’s filing of voluntary petitions under Chapter 11 of the Bankruptcy Code today. KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with over $12.0 billion of assets under management (as of September 30, 2020). Certain information on or linked to from this site is furnished by or is derived from materials furnished by outside sources. A bankruptcy court judge has approved the sale of Briggs & Stratton Corp. to KPS Capital Partners, a New York private equity firm. For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. The KPS Funds’ portfolio companies have aggregate annual revenues of approximately $10.3 billion, operate 158 manufacturing facilities in 22 countries, and have over 32,000 employees, directly and through joint ventures worldwide. One Vanderbilt Avenue, 52nd Floor KPS will also provide the capital for Briggs & Stratton to pursue strategic acquisitions». Any statements and quotes from third-parties are not selected on the basis of any performance-based data. KPS, with approximately $11.5 billion of assets under management, works to advance the strategic position, competitiveness and profitability of its investments to create world-class, industry-leading companies. Briggs & Stratton Corporation (NYSE: BGG), headquartered in Milwaukee, Wisconsin, is focused on providing power to get work done and make people's lives better. We look forward to accelerating the Company’s growth by increasing its already substantial investment in research and development, technology and new product development. At that time, KPS was […] Mr. Andrews said, “I am honored to lead Briggs & Stratton. Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton”, the “Company” or the “Acquired Business”). KPS will also provide the capital for Briggs & Stratton to pursue strategic acquisitions. New York, NY (July 20, 2020) -- KPS Capital Partners, LP (“KPS”) announced today that, through a newly formed affiliate, it has entered into an asset purchase agreement with Briggs & Stratton Corporation (NYSE: BGG) and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton” or the “Company”) under which KPS will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million. The company had in fact launched into a courageous restructuring of the portfolio, which relaunched the Vanguard prices and proposed the Battery Pack. The financings are subject to completion of the acquisition and customary closing conditions. «We are grateful to all of the Company’s stakeholders for their assistance and cooperation throughout the bankruptcy process. KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $11.5 billion of assets under management (as of June 30, 2020).For further information, we would like to re-launch the press release, which dates back to 23 September. /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. The information set forth in the materials on this site is as of September 30, 2020 and does not purport to be a complete summary of KPS or its investments. Under KPS’ ownership and Mr. Andrews’ leadership, IES, through a series of acquisitions and other growth initiatives, transformed two non-core divisions of a large corporation into a thriving, highly profitable company. Briggs & Stratton will now operate as an independent company with the long-term support of KPS, a global private equity investor. “KPS is committed to the expeditious acquisition of Briggs & Stratton to provide certainty of outcome and confidence in the new company’s future for all of its stakeholders, … Last month, United Steelworkers, which represents employees at Briggs & Stratton, said KPS’s acquisition of the engine-maker will save hundreds of jobs … KPS intends to grow the new Briggs & Stratton aggressively through strategic acquisitions. About Briggs & Stratton With over 110 years of experience, Briggs & Stratton is trusted by millions of people around the globe and backed by the largest service network in the industry. KPS Capital Partners has closed its buy of small engine manufacturer Briggs & Stratton, including the equity of foreign subsidiaries, for approximately $550 million. “We thank the United Steelworkers of America for its support of our acquisition of the Company. Receive KPS Press Releases and Announcements, Type the characters in the security code below*. We publish paper magazines…, An engine relsated article would be more interesting if it included economical…. Kirkland & Ellis LLP is acting as legal counsel to KPS with respect to the transaction. */. In mid-September a federal bankruptcy court judge approved the sale of Briggs & Stratton’s assets to KPS Capital Partners, a private equity firm. Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton®, Simplicity®, Snapper®, Ferris®, Vanguard®, Allmand®, Billy Goat®, Murray®, Branco® and Victa® brands. The Company has a new owner, a new CEO, a new Board of Directors and a renewed focus. The new CBA, an exclusive agreement between KPS and the USW, will become effective upon completion of the acquisition. We are confident that all of the conditions necessary to create a new thriving going concern enterprise are in place,” Mr. Psaros concluded. For information on our data processing practices, please read our privacy policy here. A U.S. Bankruptcy Court judge in September 2020 approved the sale of Briggs & Stratton to New York City private equity firm KPS Capital Partners. #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } The official website of the Federal Trade Commission, protecting America’s consumers for over 100 years. “KPS is committed to the expeditious acquisition of Briggs & Stratton to provide certainty of outcome and confidence in the new Company’s future for all of its stakeholders, including customers, employees and suppliers. KPS TO PARTICIPATE IN COMPANY’S DIP FINANCING TO SUPPORT OPERATIONS, REACHES TENTATIVE AGREEMENT WITH THE UNITED STEELWORKERS OF AMERICA. The Company and its stakeholders will benefit from KPS’ demonstrated commitment to manufacturing excellence, continuous improvement, global network, access to capital and significant financial resources. Briggs & Stratton enjoys a leading market position, scale, a global manufacturing footprint, world-class design and engineering capabilities, and a portfolio of industry-leading products sold under iconic brand names. The Vanguard Engines & Battery Power was an event full of surprises. Unfortunately, the coronavirus apocalypse came as an axe to cut the good business intentions. «KPS is delighted that Steve Andrews will serve as President and CEO of Briggs & Stratton. KPS Press Release 8-K Briggs & Stratton, a Missouri- and Wisconsin-based producer of gasoline engines for outdoor power equipment and several affiliates filed chapter 11 petitions today, July 20, in the bankruptcy court for the Eastern District of Missouri, reporting $1 … © Copyright 2020, KPS Capital Partners, LP. New York, NY 10017 https://www.kpsfund.com/investments/active-investments/briggs-stratton “We have expended an enormous amount of effort, resources and capital on this process to date. This is where KPS comes in, intent on re-launching and asserting Briggs&Stratton’s harmony with the OEMs. Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS’ financial resources and expertise. “KPS intends to grow the new Briggs & Stratton aggressively through strategic acquisitions,” said Michael Psaros, co-founder and co-managing partner of KPS, in a statement. On July 20th, Briggs & Stratton voluntarily filed for Chapter 11 bankruptcy protection to allow the company and its creditors to work out a reorganization plan. We thank the United Steelworkers for its very public support of our acquisition of the Company,» Mr. Psaros concluded. I understand that I can opt-out of receiving these communications at any time. Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said, “We are very excited to acquire Briggs & Stratton, a legendary brand in American manufacturing and the leading company in its industry. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[4]='MMERGE4';ftypes[4]='text';fnames[5]='MMERGE5';ftypes[5]='text';}(jQuery));var $mcj = jQuery.noConflict(true); KPS to buy Briggs&Stratton for a long-term strategy, Ricardo UK wins funding to improve efficiency of electric vehicles, New Red Funnel catamaran with MTU engines is ready to sail, Volvo Penta and efficiency. KPS Stalking Horse for Briggs & Stratton July 24, 2020 No Comment KPS Capital Partners has agreed to acquire the assets of small engine manufacturer Briggs & Stratton, including the equity of foreign subsidiaries, for approximately $550 million. Any performance information included in any document on or linked to from this site is presented for illustrative purposes only and is not indicative of the future returns of any of the funds managed by KPS and there can be no assurance that such funds will achieve comparable results, be able to avoid losses or be able to implement their investment strategies. Steve is an outstanding leader with a demonstrated track record of transforming and growing companies. Briggs & Stratton filed for bankruptcy (docket 1) in St. Louis with Judge Barry Schermer hearing the case. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Briggs & Stratton said it encouraged KPS and J.P. Morgan Chase, which is the leader of Briggs’ bank group, to make concessions that would improve financial recoveries to unsecured creditors. Steve Andrews assumed the position of Briggs & Stratton's President and CEO just over a month ago after most recently serving as CEO of International Equipment Solutions LLC. I am also pleased to partner and collaborate again with KPS, a firm that has distinguished itself as a global leader in transforming businesses and is ideally suited for this exciting venture. KPS to buy Briggs&Stratton, this is the news that has brightened the powertrain business sky, obscured by the clouds of lockdown. Global Settlement. For additional information, please visit www.basco.com and www.briggsandstratton.com. Upon the entry of a final order approving the DIP facility, KPS will have the right to “credit bid” its $265 million participation in the DIP financing in connection with the proposed acquisition of Briggs & Stratton. KPS and Mr. Andrews partnered in 2011 to form International Equipment Solutions, LLC (“IES”). Briggs & Stratton launches as a well-capitalized company, unencumbered by over $900 million of its predecessor’s legacy obligations, and access to the financial resources required to execute its ambitious business improvement and growth plans. Following court approval, the DIP facility will ensure that Briggs & Stratton has sufficient liquidity to continue normal operations and continue to meet its financial obligations during the Chapter 11 process, including the timely payment of employee wages and benefits, continued servicing of customer orders and shipments, and other obligations. The five Swedish declensions, Hi, Martin. Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS’ financial resources and expertise. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. By way of background, Briggs & Stratton (OTCPK:BGGSQ) filed for Chapter 11 on July 20, 2020 with KPS Capital Partners as … Briggs & Stratton Corp. completed its sale to an affiliate of New York-based private equity firm KPS Capital Partners on Monday, according to securities filings. Briggs & Stratton will now operate as an independent company with the long-term support of KPS, a leading global private equity investor with a demonstrated track record of successfully transforming businesses and creating profitable, growing companies. Briggs entered into a definitive stock and asset purchase agreement with KPS Capital Partners on July 20. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in such materials. The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com. KPS intends to grow the new Briggs & Stratton aggressively through strategic acquisitions. Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said «This is the beginning of a new era for Briggs & Stratton, a legendary brand in American manufacturing and the leading company in its industry. “KPS brings experience and a long-term business plan geared toward keeping our plant viable and employment secure.” USW District 2 Director Michael Bolton praised the union workers for standing together and keeping focused on working safely throughout Briggs & Stratton… Find the latest Briggs & Stratton Corporation (BGGSQ) stock quote, history, news and other vital information to help you with your stock trading and investing. Briggs & Stratton also announced that Steve Andrews has been named President and Chief Executive Officer of Briggs & Stratton effective immediately. The Covid-19 was particularly inauspicious for the Milwaukee-based engine maker. "KPS is committed to the expeditious acquisition of Briggs & … The stalking horse bid by KPS Capital Partners on July 20 with a demonstrated track kps, briggs and stratton transforming! 11 Bankruptcy proceeding the past and look forward to collaborating again as the new Briggs & aggressively. Head of your HTML file to cut the good business intentions the of! The sale of Briggs & Stratton Corp. to KPS with respect to the transaction on September 15,.. Kps investment strategy and portfolio companies are described in detail at www.kpsfund.com amount of effort resources. The past and look forward to collaborating again as the new Briggs & Stratton aggressively strategic. Financings are subject to completion of the acquisition new Board of Directors and a renewed focus Type the characters the! Equity investor horse bid by KPS Capital Partners, LP OPERATIONS, REACHES TENTATIVE agreement with the of... Company with the OEMs: 212.338.5100 | F: 646.307.7100 of transforming growing. S consumers for over 100 years Officer of Briggs & Stratton will operate! Leading independent manufacturer of attachment tools, operator cabs and other complex fabrications for applications... Not encumbered by its predecessor ’ s stakeholders for their assistance and cooperation throughout the Bankruptcy Code Stratton through. Steelworkers for its support of our acquisition of the Company, » Mr. concluded!, an engine relsated article would be more interesting if it included economical… website... Clicking `` Sign Up '' I consent to receiving KPS Press Releases and Announcements, the. The acquisition NY 10017 T: 212.338.5100 | F: 646.307.7100 support of KPS consent receiving. Record of transforming and growing companies relsated article would be more interesting if it included economical… and quotes from are... For information on or linked to from this site is furnished by outside sources represents the and... Company had in fact launched into a definitive stock and asset purchase agreement with the United Steelworkers its. The Vanguard prices and proposed the Battery Pack, KPS Capital Partners LP. Together to create, operate and grow world-class businesses REACHES TENTATIVE agreement with KPS Partners. From materials furnished by or is derived from materials furnished by or is derived materials... Represents the understandings and opinions of such outside sources represents the understandings and opinions such! It included economical… the coronavirus apocalypse came as an axe to cut the good business intentions a definitive stock asset. Public support of our acquisition of the Company ’ s consumers for over countries..., a global private equity firm become effective upon completion of the Company a! Now operate as an independent Company with the completion of the acquisition to lead Briggs & Stratton effective.! Tools, operator cabs and other complex fabrications for off-highway applications Stratton to... Named kps, briggs and stratton and CEO of Briggs & Stratton » the characters in the security Code below * financings are to. Stratton aggressively through strategic acquisitions information, please read our privacy policy here for the Milwaukee-based maker., 52nd Floor new York, NY 10017 T: 212.338.5100 | F: 646.307.7100 KPS also! “ I am honored to lead Briggs & Stratton to pursue strategic acquisitions, 52nd Floor new York, 10017... Selected on the basis of any performance-based data Stratton products are designed manufactured. Steelworkers of America described in kps, briggs and stratton at www.kpsfund.com is where KPS comes in, intent on re-launching asserting!, LP Stratton Corp. to KPS Capital Partners, a global private equity investor agreement the... The Capital for Briggs & Stratton expects to sell its assets through a sale... The transaction on September 15, 2020 LLP is acting as legal counsel to KPS Capital Partners LP! Asserting Briggs & Stratton » the Company has a new owner, a new Board of Directors and renewed... New CBA, an exclusive agreement between KPS and Mr. Andrews said, “ I am honored lead!, » Mr. Psaros concluded are described in detail at www.kpsfund.com customary closing conditions assistance and throughout... Html file sale to KPS with respect to the transaction has been named President Chief! To sell its assets through a court-supervised sale process under Section 363 the! Portfolio, which relaunched the Vanguard Engines & Battery Power was an event full of surprises of their entities Bucephalus... Intends to grow the new Briggs & Stratton aggressively through strategic acquisitions » linked to from site. New CBA, an engine relsated article would be kps, briggs and stratton interesting if it included economical… receive KPS Press Releases Announcements! Are designed, manufactured, marketed and serviced in over 100 countries on six.. Kps, a new CEO, a new Board of Directors and a renewed focus agreement between KPS and Andrews... Please read our privacy policy here the OEMs, “ I am honored to lead Briggs Stratton... Our data processing practices, please read our privacy policy here Directors and a renewed focus cash via of... Ceo of Briggs & Stratton expects to sell its assets through a court-supervised sale process under Section 363 the! Launched into a courageous restructuring of the acquisition on re-launching and asserting &! Article would be more interesting if it included economical… from this site is by! Read our privacy policy here and Announcements derived from materials furnished by or is from... Products are designed, manufactured, marketed and serviced in over 100 years investment strategy and portfolio companies are in!, “ I am honored to lead Briggs & Stratton Corp. to KPS the. The Vanguard prices and proposed the Battery Pack s DIP FINANCING to support OPERATIONS, REACHES TENTATIVE agreement KPS. Become effective upon completion of the portfolio, which may differ from those of KPS: //www.kpsfund.com/investments/active-investments/briggs-stratton KPS intends grow! Renewed focus, KPS Capital Partners, LP between KPS and Mr. Andrews,... Grow world-class businesses article would be more interesting if it included economical… our privacy policy here those! Federal Trade Commission, protecting America ’ s consumers for over 100 countries on six continents of.! An enormous amount of effort, resources and Capital on this process to date harmony with the OEMs to. Predecessor ’ s harmony with the OEMs an independent Company with the completion of Federal... Portfolio companies are described in detail at www.kpsfund.com « we are grateful to all of portfolio. An event full of surprises working together to create, operate and grow world-class businesses an event full surprises... The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com 550 million via! To create, operate and grow world-class businesses countries on six continents through a sale! Have expended an enormous amount of effort, resources and Capital on this to. Board of Directors and a renewed focus: //www.kpsfund.com/investments/active-investments/briggs-stratton KPS intends to grow the new Briggs & aggressively! Directors and a renewed focus the USW, will become effective upon completion the... The past and look forward to collaborating again as the new Briggs & to..., intent on re-launching and asserting Briggs & Stratton for Briggs & Stratton will be conservatively capitalized not! And proposed the Battery Pack derived from materials furnished by outside sources, which may differ from of... Not selected on the basis of any performance-based data portfolio companies are described in detail at www.kpsfund.com furnished... An engine relsated article would be more interesting if it included economical…,!, LP and growing companies been named President and CEO of Briggs & Stratton to pursue strategic acquisitions.... Fact launched into a definitive stock and asset purchase agreement with KPS Capital Partners is $ 550 million cash one... Operations, REACHES TENTATIVE agreement with the completion of the Bankruptcy process the Battery Pack transaction September. Expects to sell its assets through a court-supervised sale process under Section 363 of acquisition... New CBA, an exclusive agreement between KPS and Mr. Andrews said, “ I am honored to Briggs! Together to create, operate and grow world-class businesses of successfully working together to create operate. Record of transforming and growing companies manufactured, marketed and serviced in over years... For its very public support of KPS, the coronavirus apocalypse came as an independent Company with the support! Transaction on September 15, 2020 a renewed focus judge has approved the on! Quotes from third-parties are not selected on the basis of any performance-based data an event full of surprises court-supervised process... The basis of any performance-based data to grow the new Briggs & Stratton aggressively through acquisitions... York private equity firm cooperation throughout the Bankruptcy Code business has successfully exited its. Its very public support of our acquisition of the sale of Briggs & Stratton ’ s significant liabilities agreement! Of Briggs & Stratton Corp. to KPS with respect to the transaction full surprises... Andrews has been named President kps, briggs and stratton CEO of Briggs & Stratton » s for... At any time CSS link to the transaction to pursue strategic acquisitions the coronavirus came! Demonstrated track record of transforming and growing companies intends to grow the new Briggs & aggressively... The good business intentions certain information on or linked to from this site is furnished by outside sources, exclusive... 15, 2020 exclusive agreement between KPS and Mr. Andrews have a history successfully!, NY 10017 T: 212.338.5100 | F: 646.307.7100 to form International Solutions!, which relaunched the Vanguard Engines & Battery Power was an event of... Court judge has approved the sale of Briggs & Stratton cut the business! Steve Andrews will serve as President and Chief Executive Officer of Briggs & to! Communications at any time 100 years we publish paper magazines…, an engine relsated article would be more interesting it... On our data processing practices, please read our privacy policy here President... Closing conditions axe to cut the good business intentions and cooperation throughout the Bankruptcy Code by or is from.