KKR, a prominent global investment firm, has announced the acquisition of Potter Global Technologies, a leading manufacturer of fire and life safety equipment, from Gryphon Investors. The investment funds managed by KKR will provide strategic support to Potter for its continued organic growth and additional acquisitions. Financial details of the transaction were not disclosed.
About Potter Global Technologies: Headquartered in St. Louis, Missouri, Potter is a trusted global provider of fire safety and emergency communication equipment utilized by a diverse range of customers in markets such as education, multi-family, industrial, and healthcare. Potter's cutting-edge products play a crucial role in monitoring fire safety systems, detecting life-threatening events, and facilitating communication with building occupants and first responders to ensure safe and efficient evacuations.
KKR's Strategic Vision: Brandon Brahm, Partner at KKR and Co-Head of KKR's Ascendant strategy, expressed confidence in Potter's legacy of safety and reliability. He highlighted KKR's commitment to collaborating with Potter's leadership team to usher in a new era of growth, emphasizing innovation and customer service.
Gerry Connolly, CEO of Potter, emphasized the company's mission to protect people, buildings, and critical infrastructure globally. He underscored the alignment between KKR and Potter's vision and their shared commitment to accelerated innovation, superior customer service, and expanded domestic and international reach.
Employee Ownership and Growth Strategy: KKR plans to implement a broad-based employee ownership program at Potter, aligning with its philosophy to make every employee an owner. This approach aims to enhance employee engagement and drive company growth collectively. KKR has successfully implemented similar strategies across its portfolio companies since 2011.
KKR's Ascendant Strategy: Potter marks the latest addition to KKR's Ascendant Strategy, focusing on middle-market businesses in North America within KKR's Americas Private Equity platform. Other investments in this strategy include Alchemer, 123Dentist, Industrial Physics, and a commitment to fund a new executive-led platform in the Testing, Inspection, and Certification industry.
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