Investcorp Capital PLC (ICAP), the Abu Dhabi Securities Exchange-listed investment firm founded by Investcorp, has acquired Kanawha Scales & Systems (KSS) from American Equipment Holdings in a transaction arranged by Investcorp.
Headquartered in Poca, West Virginia, KSS provides calibration, maintenance and repair services for complex industrial weighing systems and automated control solutions across the United States. The company has grown through several acquisitions over the decades and serves a wide range of industrial sectors.
Its management team will remain in place as committed shareholders alongside Investcorp Capital and Investcorp’s investor base.
Sana Khater, CEO of Investcorp Capital, said the deal highlights the company’s focus on building a high-quality, diversified portfolio. “KSS represents a compelling investment opportunity in a leading services business. ICAP’s strategy remains steadfastly focused on investing in compelling global opportunities in the private markets on behalf of our shareholders, while also offering these opportunities to Investcorp’s investor base. This approach underpins our commitment to delivering consistent attractive returns through a diversified portfolio of high-quality assets,” she said.
Yusef Al Yusef, Board Member of Investcorp Capital and Global Head of Distribution for Investcorp, said KSS’s strong operational track record made it an attractive addition to the portfolio. “KSS’s track record of strong operational performance sets it apart as a trusted partner for industrial companies across a variety of sectors. We are confident that, with its robust market position and focus on delivering tangible value to both customers and employees, KSS is ideally placed to benefit from positive industry trends and will continue to outpace its competitors,” he said.
The acquisition marks another step in ICAP’s strategy to give investors exposure to alternative assets through a publicly traded platform. Over the past year, the firm has realised several profitable exits, including from RESA Power in the United States and Citykart in India, while deploying capital into new private equity, real estate and credit investments such as the acquisition of Epipoli in Italy.
ICAP said the KSS deal reinforces its position as the only ADX-listed firm providing investors access to the returns generated from a globally diversified portfolio of private market assets.
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