KPS Capital Partners to Acquire Paladin Brands Holding

KPS Capital Partners to Acquire Paladin Brands Holding

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KPS Capital Partners LP will acquire Paladin Brands Holding Inc. through a newly formed holding company, International Equipment Solutions Inc. A definitive agreement to acquire Paladin and Crenlo LLC from Dover Corp. has been entered. Financial terms of the transaction were not disclosed. The closing of the transaction is expected during the third quarter of 2011 and is subject to customary closing conditions.