Catalyst Is Acquired by KPS

Industrial

Catalyst, a portfolio company of Stephens Group, sale to KPS


Summary

Catalyst Acoustics Group, Inc. (“Catalyst” or the “Company”), a portfolio company of The Stephens Group, LLC ("Stephens Group"), is being acquired by KPS Capital Partners, LP (“KPS”). The transaction is subject to various regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to Catalyst on this transaction.

About

Catalyst is the parent company of an elite group of acoustic, seismic, vibration and noise control companies that together, offer the broadest portfolio of noise control solutions in the market today. The independent brands, channels to market, products and services offered by each business remain unique, while leveraging the deep functional expertise, broad channel reach, significant financial resources and much larger scale of the combined Company. Catalyst is based in Agawam, Massachusetts with strategically located facilities across the U.S.

Stephens Group is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens, Jr. and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With over $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, Stephens Group has invested in over 50 companies, targeting investments in industries across the U.S., including industrial products and services, specialty distribution and vertical software. Stephens Group is headquartered in Little Rock, Arkansas.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with $21.8 billion of assets under management (as of June 30, 2024). For nearly three 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. 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. The KPS Funds’ portfolio companies have aggregate annual revenues of approximately $19.3 billion, operate 219 manufacturing facilities in 26 countries and have approximately 47,000 employees, directly and through joint ventures worldwide (as of June 30, 2024). KPS Mid-Cap focuses on investments in the lower end of the middle market that require up to $200 million of initial equity capital. KPS Mid-Cap targets the same type of investment opportunities and utilizes the same investment strategy that KPS’ flagship funds have for nearly three decades. KPS Mid-Cap leverages and benefits from KPS’ global platform, reputation, track record, infrastructure, best practices, knowledge and experience. The KPS Mid-Cap investment team is managed by Partners Pierre de Villeméjane and Ryan Harrison, who lead a team of experienced and talented professionals. KPS is headquartered in New York, New York.


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Industrial

Catalyst, a portfolio company of Stephens Group, sale to KPS

Date
September 2024
Company
Catalyst Acoustics Group, Inc.
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Building & Infrastructure
Specialty Materials & Chemicals
Target Geography
North America
Acquiror Geography
North America

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