- July 5, 2021
- Posted by: Stratford Team
- Category: Business
DEXKO DOUBLED ITS PROFITS UNDER KPS’ OWNERSHIP
NEW YORK, July 5, 2021 /PRNewswire/ — KPS Capital Partners, LP (“KPS”) announced today that it has signed a definitive agreement to sell its portfolio company, DexKo Global Inc. (“DexKo” or the “Company”), to Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) together with its institutional partners (collectively “Brookfield”) for $3.4 billion. Brookfield Business Partners L.P. is the flagship listed business services and industrials company of Brookfield Asset Management.
(PRNewsfoto/KPS Capital Partners, LP)
DexKo is the world’s leading supplier of advanced chassis technology, chassis assemblies and related components with more than 130 years of experience in trailer and caravan components. DexKo was founded at the end of 2015 through the combination of Dexter and AL-KO Vehicle Technology. KPS acquired DexKo in 2017 from The Sterling Group L.P., who retained a minority ownership stake in the…
