http://www.kpsfund.com/images/kpslogo.gif

 

Who We Are

Investment Strategy

Investment Criteria

Contact Us

KPS Website

 

 

http://www.kpsfund.com/newsandpressreleases/images/kpscapitalsmall.gif

http://www.kpsfund.com/newsandpressreleases/images/tombstone_side.gif



KPS Capital Partners, LP

is pleased to announce the sale
of its portfolio company

 

Bristol Compressors New logo.jpg

 

to

 

Garrison Investment Group LP

 

 

January 9, 2012

 


KPS CAPITAL PARTNERS, LP

A middle market private equity limited partnership focused on constructive investing in restructurings, turnarounds, and
other special situations.

485 LEXINGTON AVENUE, 31ST FLOOR
NEW YORK, NY 10017
TEL: 212.338.5100
FAX: 646.307.7100

WWW.KPSFUND.COM

 

http://www.kpsfund.com/email/spacer.gif



http://www.kpsfund.com/images/kpslogosm.gif

IMMEDIATE RELEASE

Business Inquiries:
KPS      212.338.5100

Media Relations:
Mark Semer/Andrea Calise  212.521.4800


KPS CAPITAL PARTNERS SELLS BRISTOL COMPRESSORS
INTERNATIONAL, INC. TO GARRISON INVESTMENT GROUP LP

New York, NY (January 9, 2011) -- KPS Capital Partners, LP (“KPS”) announced today that it has sold its portfolio company, Bristol Compressors International, Inc. (“Bristol”), to Garrison Investment Group LP. Bristol is a leading global manufacturer and designer of compression technology used in residential and commercial air conditioning and heat pump applications. Financial terms of the transaction were not disclosed.

Houlihan Lokey, Inc. acted as financial advisor and Edwards  Wildman Palmer LLP served as legal counsel to Bristol and KPS with respect to the transaction.


About Bristol Compressors International, Inc.

Headquartered in Bristol, Virginia, Bristol Compressors International, Inc. is a leading global manufacturer and designer of compression technology used in residential and commercial air conditioning and heat pump applications. Bristol supplies many of the world’s leading HVAC manufacturers as well as wholesale distributors and its products are marketed and sold on six continents and more than fifty countries around the world. For more information please visit www.bristolcompressors.com

About KPS Capital Partners, LP

KPS Capital Partners, LP is the manager of the KPS Special Situations Funds, a family of private equity funds with over $2.7 billion of assets under management focused on constructive investing in restructurings, turnarounds and other special situations. KPS has created new companies to purchase operating assets out of bankruptcy; established stand-alone entities to operate divested assets; and recapitalized highly leveraged public and private companies. The KPS investment strategy targets companies with strong franchises that are experiencing operating and financial problems. KPS invests its capital concurrently with a turnaround plan predicated on cost reduction, capital investment and capital availability. Typically, the KPS turnaround plan is accompanied by a financial restructuring of the company's liabilities. The KPS investment strategy and portfolio companies are described in detail at the firm's website: www.kpsfund.com.

 

© Copyright 2012 KPS Capital Partners, LP