GLENDALE HEIGHTS, Ill.--(BUSINESS WIRE)--KKSP Precision Machining, one of North America’s leading manufacturers of machined metal components produced on automatic screw machines, announced that it has partnered with Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in the industrials and business services sectors in North America. The Mill Point team has extensive experience investing in manufacturing businesses similar to KKSP, including Metal Powder Products and Huntington Solutions.
Over its more than 50 year history, KKSP has successfully executed a number of important strategic initiatives and built a scalable platform for growth in the highly fragmented precision turned parts industry. KKSP’s scale and unique capabilities enable the company to serve the performance-critical component requirements of global OEM customers across multiple end-markets spanning flow control, HVAC, appliance and automotive.
Dustin Smith, a Partner at Mill Point, said, "We have been impressed by KKSP’s strong track record of growth and continuous improvement. We look forward to supporting KKSP’s management team as they advance the company’s strategic growth plan.”
“KKSP maintains world-class product quality and customer service across its four facilities in the U.S. and Mexico,” commented Executive Chairman Chuck Spears. “We are eager to support management’s growth strategy, which includes further investments in KKSP’s facilities to enhance capacity and capabilities.”
“Our partnership with Mill Point provides meaningful resources that will allow us to accelerate our strategic plan, in particular with strategic acquisitions that broaden our capabilities and service offering to customers,” said Dave Dolan, President of KKSP. “We are very excited to partner with the Mill Point team.”
About KKSP Precision Machining
Headquartered in Glendale Heights, IL, KKSP Precision Machining is one of the largest manufacturers of machined metal components produced on automatic screw machines. Founded in 1968, the company has evolved into a leading player in the precision turned components industry. KKSP machines over 220 million parts annually to exacting print specifications for a diverse customer base including HVAC, fire suppression, appliance, automotive, heavy truck, plumbing, medical and marine industries. For more information, please visit www.kksp.com.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with Executive Partners to leverage its investment professionals' experience while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.