Jennmaar Acquisition, Valuation, Funding & Investors

Jennmaar was acquired by KPS Capital for $1B in March 2026.

Jennmaar acquisition price

$1B

Acquired by KPS Capital · Mar 2026

Cumulative funding Jennmaar raised

$250M

across 1 funding round

Key investors in Jennmaar

  • FalconPoint Partners

Jennmaar Overview

About Jennmaar

Jennmaar is a Pittsburgh-headquartered manufacturer of ground control products for underground mining, tunneling, and civil construction, supplying rock bolts, mesh, and resin systems worldwide.


Founded

1965

HQ

United StatesPittsburgh, PA

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$1B (acquired Mar 2026)

Jennmaar Acquisition

Jennmaar was acquired by KPS Capital for $1B on 10 March 2026.

Before the acquisition Jennmaar had raised $250M across 1 funding round.

Jennmaar acquisition details
AcquirerDateTypePrice
  • KPS Capital
10 Mar 2026PE buyout$1B

Jennmaar Funding History

Jennmaar has raised a total of $250M across 1 funding round.

Jennmaar funding rounds

Jennmaar funding rounds
DateStageInvestorsRaisedDeal Summary
May 2024Undisclosed stageFalconPoint Partners (lead)$250MJENNMAR is a global provider of infrastructure products and specialized services to the civil infrastructure, solar, mining, and construction industries, with a century-long focus on manufacturing safety-critical solutions for worker safety and productivity. On May 14, 2024, FalconPoint Partners announced its inaugural investment, committing over $250 million in equity to support JENNMAR's expansion, international growth, and M&A activities. The transaction boosted JENNMAR's liquidity to over $500 million, enabling heavy investment in innovative solutions, while CEO Tony Calandra and the management team retained leadership. Prior to the investment, JENNMAR had leveraged U.S. market expertise for significant reinvestment, including over $450 million spent since 2018 on more than a dozen acquisitions, new facilities, and automation across global operations. The company has accelerated international expansion and product offerings. FalconPoint's involvement aims to enhance this through a robust acquisition pipeline, targeting larger deals in construction, civil, and hard rock mining markets. Post-investment, FalconPoint has actively built the JENNMAR platform with multiple add-ons, including Australian Steel & Wire and G&R Gas Services in May/June 2024, Dumotech and Wright-Mix assets later in 2024, SSAB's rock bolt facility and All Tech Engineering in early 2025, and Rohrig as the eighth add-on in 2025. The firm targets North American mid-market industrials and business services, planning 2-3 deals annually from its FalconPoint Partners II fund. No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples are disclosed in connection with the FalconPoint investment.

Who has invested in Jennmaar?

1 investor has backed Jennmaar across its funding rounds, including FalconPoint Partners.

Lead investors include FalconPoint Partners.


Jennmaar Investors

Investors in Jennmaar by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Jennmaar

Jennmaar has acquired 8 companies to date.

Last acquisition by Jennmaar was on July 31st 2025. Jennmaar acquired Weber Mining for undisclosed valuation.


Latest Acquisitions by Jennmaar

Weber Mining
Rohrig
All Tech Engineering
Pyro-Chem
Description
Weber Mining is a contractor delivering coal and hard rock mining services in Queensland, Australia. It provides drilling, blasting, overburden removal, and contract mining for clients like BHP and Glencore at sites including Bowen Basin operations. Equipped with Komatsu and Caterpillar fleets, the company handles large-scale earthworks and haulage with safety protocols aligned to MSHA standards.
Rohrig provides field maintenance, repair, and rebuilding for heavy equipment in mining and construction. Tucson-headquartered in Arizona, the firm services loaders, haul trucks, drills, and crushers with on-site technicians across the southwestern United States. Specializing in Caterpillar and Komatsu machinery, it operates mobile service units for minimal downtime.
All Tech Engineering fabricates custom automation machinery for automotive, aerospace, defense, and consumer products manufacturers from its Michigan facility. Projects include robotic welders, assembly lines, and testing fixtures for clients producing engine components and household appliances. The company delivers turnkey systems with PLC programming and safety certifications.
Pyro-Chem Corporation is a manufacturer of pre-engineered fire suppression systems and ventilation sealants designed for underground mining environments. Products include clean agent systems and foam agents distributed to coal and metal mines in the United States.
HQ CountryFranceUnited StatesUnited StatesUnited States
HQ City
Nancy
Chicago, IL
Grand Rapids, MI
South Point, OH
Deal Date31 Jul 20255 May 20253 Apr 20259 Dec 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Jennmaar Competitors

Jennmaar competitors include listed companies like ASTA Energy Solutions, Quanex, Kitz and Frencken Group, and private ones like Essex Furukawa and Inspire-Robots.

Public and private companies comparable to Jennmaar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Essex FurukawaUnited StatesAtlanta, GAPrivate-$300M$1B-
ASTA Energy SolutionsAustriaAustriaPublicly listed$815M$57M$954M1.0x
QuanexUnited StatesUnited StatesPublicly listed$1.8B($85M)$941M0.9x
KitzJapanJapanPublicly listed$1.1B$152M$1.1B1.0x
Frencken GroupNetherlandsNetherlandsPublicly listed$679M$67M$903M1.3x
Inspire-RobotsChinaBeijingPrivate$3M-$750M250.0x

Jennmaar Public Comps

Jennmaar is no longer listed, but its public comps include ASTA Energy Solutions, Quanex, Frencken Group, Kitz, Flowco Holdings, Autoneum Holding, Mesnac, Hiwin Mikrosystem, Skellerup Holdings and JOST Werke.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ASTA Energy Solutions$815M$57M1.1x1.0x15.8x13.2x
Quanex$1.8B($85M)0.9x0.9x(20.2x)7.8x
Frencken Group$679M$67M1.3x1.3x13.5x13.0x
Kitz$1.1B$152M1.1x1.0x8.1x7.6x
Flowco Holdings$760M$304M2.9x2.5x7.3x6.3x
Autoneum Holding$2.8B$309M0.5x0.5x4.9x4.6x
Mesnac$1.2B$128M0.4x-4.0x-
Hiwin Mikrosystem$85M$14M10.4x7.4x61.1x32.7x

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Common questions about Jennmaar

When was Jennmaar founded?Jennmaar was founded in 1965.
Where is Jennmaar headquartered?Jennmaar is headquartered in Pittsburgh, PA, United States.
Is Jennmaar publicly listed?No, Jennmaar was acquired by KPS Capital in March 2026.
Who acquired Jennmaar?Jennmaar was acquired by KPS Capital in March 2026.
How much was Jennmaar acquired for?Jennmaar was acquired for $1B in March 2026.
How much funding has Jennmaar raised?Jennmaar has raised $250M across 1 funding round.
What was Jennmaar's last funding round?Jennmaar's last funding round was a $250M undisclosed-stage round in May 2024, led by FalconPoint Partners.
Who are Jennmaar's investors?Jennmaar's investors include FalconPoint Partners.
Which companies are comparable to Jennmaar?Companies comparable to Jennmaar include Essex Furukawa, ASTA Energy Solutions, Quanex, Kitz, Frencken Group and Inspire-Robots.
How many companies has Jennmaar acquired?Jennmaar has acquired 8 companies, including Weber Mining, Rohrig, All Tech Engineering, Pyro-Chem and Dumotech Industrial Products.

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