Jennmar Announces Completion of Majority Investment by KPS Capital Partners, CEO Transition

KPS Capital Partners, LP has completed a majority equity investment in Jennmar, a leading global provider of infrastructure products and specialized services, as announced on June 17, 2026. While the exact deal value remains undisclosed, the transaction marks a significant shift in Jennmar's leadership, with Dave Webster appointed as the new Chief Executive Officer, succeeding Tony Calandra, who has been at the helm for over two decades.

Jennmar specializes in providing critical infrastructure solutions across various sectors, including civil, solar, mining, and construction. The company has established a strong reputation for its commitment to safety, quality, and customer service, which has been a cornerstone of its operations since its founding in 1922. Under Calandra's leadership, Jennmar has experienced substantial growth, tripling its size since 2018. The investment from KPS is expected to further enhance Jennmar's capabilities and market position, enabling the company to continue its trajectory of innovation and expansion.

Dave Webster brings a wealth of experience to his new role, having previously served as CEO of CPM Holdings, Inc., where he spearheaded significant global growth initiatives. His extensive background in operational excellence and strategic growth, coupled with a focus on maintaining strong customer relationships and company culture, positions him well to lead Jennmar into its next chapter. The transition in leadership comes at a critical time, as the infrastructure sector continues to evolve with increasing demand for innovative solutions and sustainable practices.

The partnership with KPS Capital Partners is anticipated to provide Jennmar with the necessary resources to invest in new technologies and expand its product offerings. KPS is known for its focus on operational improvement and long-term value creation, which aligns with Jennmar's commitment to maintaining its legacy of quality and service. Existing shareholder FalconPoint Partners will retain a significant minority stake in the company, indicating continued confidence in Jennmar's strategic direction.

As the infrastructure sector faces growing challenges and opportunities, this investment underscores the importance of strong leadership and innovation. With KPS's backing and Webster's leadership, Jennmar is well-positioned to navigate the complexities of the market and capitalize on emerging trends. The broader implications of this deal may signal a shift towards consolidation and investment in the infrastructure space, as companies seek to enhance their competitive edge and meet the evolving needs of their customers.