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International Equipment Solutions

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Namestring
International Equipment Solutions
Websiteurl
iesholdings.com
Company typeenum
Private
Founded yearint
2011
Descriptiontext

International Equipment Solutions, LLC is a privately held, global engineered equipment company headquartered in Oak Brook, Illinois, founded in 2011. The company operates in industrial equipment manufacturing with an employee base of 1,001–5,000, suggesting multi-site production and/or distribution operations. Limited publicly available detail exists on its specific product lines or end markets, though its acquisition history indicates a roll-up strategy focused on engineered manufacturing assets.

The company's documented strategic activity consists of two acquisitions: CWS Industries Manufacturing Corp in July 2012 and Kodiak Manufacturing in March 2015, both for undisclosed amounts. These transactions suggest deliberate inorganic expansion to broaden manufacturing capability and product breadth. A David Orth is identified as a plant manager, providing only a single named operating leader in the available data. The corporate website listed is iesholdings.com, consistent with a multi-brand holding structure.

Revenue model, pricing mechanics, go-to-market, and customer composition are not disclosed in the input data, which constrains any deeper analysis of unit economics or segment mix. The bulk of the structured source material pertains to Epiroc AB and its subsidiary brands (JTMEC, RCT, Pengo, Paladin, etc.), which does not appear to describe IES — that source attribution appears to be a data mismatch rather than direct evidence about IES's operations. Investors should treat any product or partnership inferences drawn from that source with caution and seek first-party disclosures from IES directly.

Short descriptiontext

International Equipment Solutions is a privately held, Oak Brook-based engineered industrial equipment manufacturer founded in 2011, operating with 1,001–5,000 employees and pursuing growth via targeted acquisitions of manufacturing businesses such as CWS Industries and Kodiak Manufacturing.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersOak Brook, United States
HQ citystring
Oak Brook
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
engineered equipment manufacturing, industrial attachment solutions, heavy equipment products, mining and infrastructure equipment, specialty attachment manufacturing
Industry1 code
1End-of-Line Integration & Packaging Line Systems
CodeIMAHAOANPrimaryYes
NAICS code2 codes
  • Mining Machinery and Equipment Manufacturing333131
  • Construction Machinery Manufacturing333120
SIC code2 codes
  • Construction, Mining & Materials Handling Machinery & Equip3530
  • Special Industry Machinery (No Metalworking Machinery)3550
Product category
Industrial Equipment & Attachments
Social media profiles1 record
Cost components5 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

International Equipment Solutions, LLC is a global engineered equipment company that designs, manufactures, and supplies industrial attachments and related heavy equipment for mining and infrastructure applications. The company's portfolio includes attachment brands (LaBounty, Paladin, Pengo, ACB+, DandA, Dubuis) and mining equipment/automation brands (JTMEC, New Concept Mining, Radlink, RCT, YieldPoint), and it has pursued inorganic growth through acquisitions of manufacturing businesses such as Kodiak Manufacturing and CWS Industries Manufacturing Corp.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

The Epiroc group operates as a productivity and sustainability partner for mining and infrastructure industries, offering equipment including drill rigs and rock excavation machinery. The group encompasses multiple sub-brands across mining equipment, attachments, and automation solutions including JTMEC, New Concept Mining, Radlink, RCT, YieldPoint, ACB+, DandA, Dubuis, LaBounty, Paladin, and Pengo.

Product and service11 records
1LaBounty
CategoryAttachment Equipment
Description

Specialized attachment equipment brand for industrial and heavy equipment applications.

2Paladin
CategoryAttachment Equipment
Description

Attachment equipment brand offering heavy equipment attachments for industrial customers.

3Pengo
CategoryAttachment Equipment
Description

Attachment equipment brand under the engineered equipment portfolio.

4ACB+
CategoryAttachment Equipment
Description

Attachment brand offering specialized equipment solutions for industrial applications.

5DandA
CategoryAttachment Equipment
Description

Specialized attachment equipment manufacturer offering breakers and hydraulic tools for industrial customers.

6Dubuis
CategorySpecialized Equipment
Description

Subsidiary brand offering specialized equipment solutions for industrial customers.

7JTMEC
CategoryMining Equipment
Description

Mining equipment brand offering engineered equipment solutions for the mining industry.

8New Concept Mining
CategoryMining Equipment
Description

Mining solutions brand offering engineered mining products and equipment.

9Radlink
CategoryMining Technology
Description

Mining technology brand offering engineered equipment solutions for mining customers.

10RCT
CategoryMining Automation
Description

Mining automation and control solutions brand offering engineered equipment and digital solutions for mining customers.

11YieldPoint
CategoryMonitoring & Safety Equipment
Description

Specialized monitoring and safety equipment brand for mining and industrial customers.

Partnership11 partners
TypeOthers
Description

JTMEC is a subsidiary brand within the Epiroc group, operating independently with its own website at jtmec.com.au. It represents one of the specialized brands under Epiroc's portfolio.

TypeOthers
Description

New Concept Mining operates as a brand within the Epiroc group, with its own web presence at ncm.co.za. Part of Epiroc's diversified mining equipment brand portfolio.

TypeOthers
Description

Radlink is a subsidiary brand under Epiroc, maintaining independent operations at radlink.com.au. Serves as part of Epiroc's specialized equipment brand ecosystem.

4RCT
TypeOthers
Description

RCT operates as a brand within the Epiroc group with its own website at rct-global.com. Part of Epiroc's global equipment solutions network.

epiroc.info
TypeOthers
Description

YieldPoint is a subsidiary brand of Epiroc, accessible at yieldpoint.com. Part of the specialized monitoring and safety equipment brands under Epiroc.

TypeOthers
Description

ACB+ operates as a brand under Epiroc group with website at acbplus.com. Part of Epiroc's brand portfolio for specialized equipment solutions.

TypeOthers
Description

DandA (dnabreaker.com) is a brand within the Epiroc group. Part of Epiroc's specialized equipment manufacturer ecosystem.

TypeOthers
Description

Dubuis is a subsidiary brand under Epiroc at dubuis.com. Part of the Epiroc group's portfolio of specialized equipment brands.

TypeOthers
Description

LaBounty operates as an attachment equipment brand within Epiroc at labountyattachments.com. Part of Epiroc's specialized attachment solutions brands.

TypeOthers
Description

Paladin is an attachment brand within the Epiroc group at paladinattachments.com. Part of Epiroc's portfolio of attachment equipment manufacturers.

TypeOthers
Description

Pengo operates as an attachment equipment brand under Epiroc at pengoattachments.com. Part of Epiroc's specialized attachment solutions brand portfolio.

Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Global leader in construction, mining, and industrial equipment. Comparable to IES as a scaled manufacturer of heavy machinery and attachments serving overlapping end markets.

TypeBroad incumbent
Description

Major Japanese OEM of construction, mining, and forestry equipment. Comparable as a diversified manufacturer of heavy equipment and attachments in IES's addressable markets.

TypeBroad incumbent
Description

Division of Volvo Group producing construction equipment and attachments globally. Comparable to IES across product type, end markets, and global footprint.

TypeBroad incumbent
Description

Swedish manufacturer of mining and infrastructure equipment with a portfolio of specialized attachment and monitoring brands. Comparable as a global engineered-equipment company with overlapping sub-brand structure.

TypeBroad incumbent
Description

Manufacturer of compact equipment and a wide range of attachments. Directly comparable to IES in attachment-product categories serving construction and industrial customers.

6JCB
TypeBroad incumbent
Description

Privately held global manufacturer of construction and agricultural equipment with a strong attachment portfolio. Comparable to IES across equipment categories and global reach.

TypeBroad incumbent
Description

Manufacturer of construction and agricultural equipment under Case, New Holland, and others. Comparable as a broad-line OEM with engineered-equipment exposure in adjacent verticals.

TypeDirect peer
Description

French manufacturer specializing in material handling, aerial work platforms, and attachments. Closely comparable mid-cap peer to IES in engineered equipment for construction and industrial markets.

TypeDirect peer
Description

U.S.-based manufacturer of specialized equipment for infrastructure, including asphalt, aggregate, and material handling. Comparable mid-sized industrial OEM with similar engineered-equipment focus.

TypeBroad incumbent
Description

Swedish engineering group with mining and rock processing equipment businesses. Comparable to IES in supplying engineered equipment into mining and infrastructure end markets globally.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

International Equipment Solutions

Industrial Equipment & Attachmentsiesholdings.com

International Equipment Solutions is a privately held, Oak Brook-based engineered industrial equipment manufacturer founded in 2011, operating with 1,001–5,000 employees and pursuing growth via targeted acquisitions of manufacturing businesses such as CWS Industries and Kodiak Manufacturing.

What International Equipment Solutions does

International Equipment Solutions, LLC is a privately held, global engineered equipment company headquartered in Oak Brook, Illinois, founded in 2011. The company operates in industrial equipment manufacturing with an employee base of 1,001–5,000, suggesting multi-site production and/or distribution operations. Limited publicly available detail exists on its specific product lines or end markets, though its acquisition history indicates a roll-up strategy focused on engineered manufacturing assets.

The company's documented strategic activity consists of two acquisitions: CWS Industries Manufacturing Corp in July 2012 and Kodiak Manufacturing in March 2015, both for undisclosed amounts. These transactions suggest deliberate inorganic expansion to broaden manufacturing capability and product breadth. A David Orth is identified as a plant manager, providing only a single named operating leader in the available data. The corporate website listed is iesholdings.com, consistent with a multi-brand holding structure.

Revenue model, pricing mechanics, go-to-market, and customer composition are not disclosed in the input data, which constrains any deeper analysis of unit economics or segment mix. The bulk of the structured source material pertains to Epiroc AB and its subsidiary brands (JTMEC, RCT, Pengo, Paladin, etc.), which does not appear to describe IES — that source attribution appears to be a data mismatch rather than direct evidence about IES's operations. Investors should treat any product or partnership inferences drawn from that source with caution and seek first-party disclosures from IES directly.

International Equipment Solutions firmographics

Firmographics
Name
International Equipment Solutions
Website
https://iesholdings.com
Company type
Private
Founded year
2011
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
International Equipment Solutions is a privately held, Oak Brook-based engineered industrial equipment manufacturer founded in 2011, operating with 1,001–5,000 employees and pursuing growth via targeted acquisitions of manufacturing businesses such as CWS Industries and Kodiak Manufacturing.
Ownership category
akta.pro rank

International Equipment Solutions industry classification

Industry
Product category
Industrial Equipment & Attachments
NAICS
Mining Machinery and Equipment Manufacturing (333131), Construction Machinery Manufacturing (333120)
SIC
Construction, Mining & Materials Handling Machinery & Equip (3530), Special Industry Machinery (No Metalworking Machinery) (3550)
akta.pro primary industry
End-of-Line Integration & Packaging Line Systems (IMAHAOAN)

Keywords

  • Engineered equipment manufacturing
  • Industrial attachment solutions
  • Heavy equipment products
  • Mining and infrastructure equipment
  • Specialty attachment manufacturing

Where International Equipment Solutions is headquartered

Location

Headquarters

HQ city
Oak Brook
HQ country
United States
HQ region
North America

Markets served

International Equipment Solutions business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

International Equipment Solutions product offering

Product offering

Core offering

International Equipment Solutions, LLC is a global engineered equipment company that designs, manufactures, and supplies industrial attachments and related heavy equipment for mining and infrastructure applications. The company's portfolio includes attachment brands (LaBounty, Paladin, Pengo, ACB+, DandA, Dubuis) and mining equipment/automation brands (JTMEC, New Concept Mining, Radlink, RCT, YieldPoint), and it has pursued inorganic growth through acquisitions of manufacturing businesses such as Kodiak Manufacturing and CWS Industries Manufacturing Corp.

Product overview

The Epiroc group operates as a productivity and sustainability partner for mining and infrastructure industries, offering equipment including drill rigs and rock excavation machinery. The group encompasses multiple sub-brands across mining equipment, attachments, and automation solutions including JTMEC, New Concept Mining, Radlink, RCT, YieldPoint, ACB+, DandA, Dubuis, LaBounty, Paladin, and Pengo.

Differentiator

Problem solved

Functional benefit

Products and services

  • LaBounty Specialized attachment equipment brand for industrial and heavy equipment applications.
  • Paladin Attachment equipment brand offering heavy equipment attachments for industrial customers.
  • Pengo Attachment equipment brand under the engineered equipment portfolio.
  • ACB+ Attachment brand offering specialized equipment solutions for industrial applications.
  • DandA Specialized attachment equipment manufacturer offering breakers and hydraulic tools for industrial customers.
  • Dubuis Subsidiary brand offering specialized equipment solutions for industrial customers.
  • JTMEC Mining equipment brand offering engineered equipment solutions for the mining industry.
  • New Concept Mining Mining solutions brand offering engineered mining products and equipment.
  • Radlink Mining technology brand offering engineered equipment solutions for mining customers.
  • RCT Mining automation and control solutions brand offering engineered equipment and digital solutions for mining customers.
  • YieldPoint Specialized monitoring and safety equipment brand for mining and industrial customers.

Companies that use International Equipment Solutions

Customer profile

Ideal customer profiles1 record

International Equipment Solutions technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

International Equipment Solutions partnerships and signals

Strategic signal

Partnerships

Eleven partnerships are on record.

  • JTMECOthersJTMEC is a subsidiary brand within the Epiroc group, operating independently with its own website at jtmec.com.au. It represents one of the specialized brands under Epiroc's portfolio.
  • New Concept MiningOthersNew Concept Mining operates as a brand within the Epiroc group, with its own web presence at ncm.co.za. Part of Epiroc's diversified mining equipment brand portfolio.
  • RadlinkOthersRadlink is a subsidiary brand under Epiroc, maintaining independent operations at radlink.com.au. Serves as part of Epiroc's specialized equipment brand ecosystem.
  • RCTOthersRCT operates as a brand within the Epiroc group with its own website at rct-global.com. Part of Epiroc's global equipment solutions network.
  • YieldPointOthersYieldPoint is a subsidiary brand of Epiroc, accessible at yieldpoint.com. Part of the specialized monitoring and safety equipment brands under Epiroc.
  • ACB+OthersACB+ operates as a brand under Epiroc group with website at acbplus.com. Part of Epiroc's brand portfolio for specialized equipment solutions.
  • DandAOthersDandA (dnabreaker.com) is a brand within the Epiroc group. Part of Epiroc's specialized equipment manufacturer ecosystem.
  • DubuisOthersDubuis is a subsidiary brand under Epiroc at dubuis.com. Part of the Epiroc group's portfolio of specialized equipment brands.
  • LaBountyOthersLaBounty operates as an attachment equipment brand within Epiroc at labountyattachments.com. Part of Epiroc's specialized attachment solutions brands.
  • PaladinOthersPaladin is an attachment brand within the Epiroc group at paladinattachments.com. Part of Epiroc's portfolio of attachment equipment manufacturers.
  • PengoOthersPengo operates as an attachment equipment brand under Epiroc at pengoattachments.com. Part of Epiroc's specialized attachment solutions brand portfolio.

Recent moves2 records

Expansion highlights2 records

International Equipment Solutions competitors and assessment

Company assessment

Broad incumbents

  • Caterpillar: Global leader in construction, mining, and industrial equipment. Comparable to IES as a scaled manufacturer of heavy machinery and attachments serving overlapping end markets.
  • Komatsu: Major Japanese OEM of construction, mining, and forestry equipment. Comparable as a diversified manufacturer of heavy equipment and attachments in IES's addressable markets.
  • Volvo Construction Equipment: Division of Volvo Group producing construction equipment and attachments globally. Comparable to IES across product type, end markets, and global footprint.
  • Epiroc: Swedish manufacturer of mining and infrastructure equipment with a portfolio of specialized attachment and monitoring brands. Comparable as a global engineered-equipment company with overlapping sub-brand structure.
  • Doosan Bobcat: Manufacturer of compact equipment and a wide range of attachments. Directly comparable to IES in attachment-product categories serving construction and industrial customers.
  • JCB: Privately held global manufacturer of construction and agricultural equipment with a strong attachment portfolio. Comparable to IES across equipment categories and global reach.
  • CNH Industrial: Manufacturer of construction and agricultural equipment under Case, New Holland, and others. Comparable as a broad-line OEM with engineered-equipment exposure in adjacent verticals.
  • Sandvik: Swedish engineering group with mining and rock processing equipment businesses. Comparable to IES in supplying engineered equipment into mining and infrastructure end markets globally.

Direct peers

  • Manitou Group: French manufacturer specializing in material handling, aerial work platforms, and attachments. Closely comparable mid-cap peer to IES in engineered equipment for construction and industrial markets.
  • Astec Industries: U.S.-based manufacturer of specialized equipment for infrastructure, including asphalt, aggregate, and material handling. Comparable mid-sized industrial OEM with similar engineered-equipment focus.

Market position

Strengths4 records

Weaknesses3 records

Competitive moat2 records

Key risks4 records

Key highlights4 records

Customer concentration

International Equipment Solutions social profiles

Digital presence

International Equipment Solutions financial estimates

Financial estimate

Revenue estimate

Valuation estimate

International Equipment Solutions leadership team

Management profile

Number of profiles

Profiles1 record

International Equipment Solutions funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

International Equipment Solutions M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Equipment Solutions

What does International Equipment Solutions do?

International Equipment Solutions, LLC is a global engineered equipment company that designs, manufactures, and supplies industrial attachments and related heavy equipment for mining and infrastructure applications. The company's portfolio includes attachment brands (LaBounty, Paladin, Pengo, ACB+, DandA, Dubuis) and mining equipment/automation brands (JTMEC, New Concept Mining, Radlink, RCT, YieldPoint), and it has pursued inorganic growth through acquisitions of manufacturing businesses such as Kodiak Manufacturing and CWS Industries Manufacturing Corp.

When was International Equipment Solutions founded?

International Equipment Solutions was founded in 2011. It employs 1,001 to 5,000 people.

Where is International Equipment Solutions based?

International Equipment Solutions is headquartered in Oak Brook, United States, in the North America region.

Who are International Equipment Solutions's main competitors?

Broad incumbents on record are Caterpillar, Komatsu, Volvo Construction Equipment, Epiroc, Doosan Bobcat, JCB, CNH Industrial and Sandvik. Direct peers are Manitou Group and Astec Industries.

Does International Equipment Solutions have an API?

No public API is recorded for International Equipment Solutions.

What industry is International Equipment Solutions in?

International Equipment Solutions's product category is Industrial Equipment & Attachments. Its primary akta.pro industry code is IMAHAOAN, End-of-Line Integration & Packaging Line Systems. Its NAICS code is 333131 and its SIC code is 3530.

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Live signals
PR NewswireKPS Capital Partners conclui a venda para a Stanley Black & Decker das unidades de negócios Paladin e Pengo da International Equipment SolutionsKPS Capital Partners completed the sale of the Paladin and Pengo business units from International Equipment Solutions to Stanley Black & Decker in March 2019. KPS retained the Genesis business unit and the Crenlo, Emcor, and Siac do Brasil units (collectively Crenlo Global), which will operate as independent companies under continued leadership of CEO Steve Andrews and CFO Steve Klyn. Deutsche Bank served as exclusive financial advisor and Paul, Weiss acted as legal counsel to KPS and IES for the transaction.PR NewswireKPS Capital Partners conclut la vente des unités opérationnelles Paladin et Pengo d'International Equipment Solutions à Stanley Black & DeckerKPS Capital Partners has completed the sale of its Paladin and Pengo operational units, along with associated brands and operations from International Equipment Solutions (IES), to Stanley Black & Decker. KPS retains the Genesis, Crenlo, Emcor, and Siac do Brasil units, which will continue to operate as autonomous divisions under existing leadership. This transaction represents a strategic divestment by the private equity firm while maintaining control over other key segments of IES.PR NewswireKPS Capital Partners voltooit verkoop aan Stanley Black & Decker van bedrijfsonderdelen Paladin en Pengo van International Equipment SolutionsKPS Capital Partners has completed the sale of the Paladin and Pengo business units of International Equipment Solutions (IES) to Stanley Black & Decker, Inc., as announced on March 8, 2019. KPS will retain ownership of the Genesis and Crenlo Global divisions of IES, which will continue to operate as independent companies under the leadership of CEO Steve Andrews and CFO Steve Klyn. Deutsche Bank acted as exclusive financial advisor and Paul, Weiss, Rifkind, Wharton and Garrison LLP served as legal advisor for the transaction.PR NewswireKPS Capital Partners completa la venta de las unidades de negocios Paladin y Pengo de International Equipment Solutions a Stanley Black & DeckerKPS Capital Partners completed the sale of the Paladin and Pengo business units from International Equipment Solutions to Stanley Black & Decker on March 8, 2019. KPS retained ownership of the Genesis, Crenlo, Emcor, and Siac do Brasil business units, which will continue operating as autonomous businesses under CEO Steve Andrews and CFO Steve Klyn. The transaction marks the conclusion of KPS's partnership with IES management following what KPS described as an 'incredible transformation' of the company since its creation in 2011.PR NewswireKPS Capital Partners veräußert Bereich Attachments von International Equipment Solutions an Stanley Black & DeckerKPS Capital Partners signed a binding agreement to sell the Attachments division of International Equipment Solutions (IES), comprising the Paladin, Genesis, and Pengo brands, to Stanley Black & Decker for $690 million USD. The transaction includes all brands and operations of IES Attachments, while KPS retains ownership of the separate Cabs division consisting of Crenlo, Emcor, and Siac do Brasil. The deal is subject to customary closing conditions and regulatory approvals.PR NewswireKPS Capital Partners s'apprête à vendre la division d'attache d'International Equipment Solutions à Stanley Black & DeckerKPS Capital Partners has signed a definitive agreement to sell the attachments division of International Equipment Solutions (IES) to Stanley Black & Decker for $690 million. The transaction includes the Paladin, Genesis, and Pengo brands, while KPS will retain ownership of IES's cabs division.PR NewswireKPS Capital Partners To Sell The Attachments Division Of International Equipment Solutions To Stanley Black & DeckerKPS Capital Partners has signed a definitive agreement to sell the attachments division of International Equipment Solutions (IES), comprising the Paladin, Genesis, and Pengo business units, to Stanley Black & Decker for $690 million in cash. The transaction is subject to customary closing conditions and approvals, with KPS retaining ownership of the separate IES Cabs division. IES Attachments, under KPS ownership since 2011, had completed two acquisitions and expanded its product offering and end-markets during that period.