Viessmann Generations Group completes acquisition of KPS Global

Reinforcing KPS Global’s Commitment to Customers and Growth as Industry Leader

Fort Worth, TX – October 1, 2024 – The Viessmann Generations Group (“Viessmann”), a purpose-driven family company with a heritage of 107 years, acquires US-based KPS Global LLC (“KPS Global”), a leading provider of custom enclosures for controlled environments.

The Viessmann Generations Group is a global, broadly diversified and purpose-driven family company founded in 1917. The family-owned investment firm focuses on growth potential, with a long-term outlook. The investment is contributing to Viessmann’s purpose of “co-creating living spaces for generations to come” and an important strategic expansion step for the Group’s Clean & Cold platform into the North American market.

“KPS Global and Viessmann are a perfect match. The KPS Global business directly contributes to our vision to reduce CO2 emissions and improve the quality of life for the world’s growing population. Our strong European footprint in Clean & Cold offers opportunities to leverage each other’s knowledge and expertise,” says Max Viessmann, CEO of Viessmann. “KPS Global is a strong addition to our ecosystem. We look forward to expanding our Clean & Cold North America platform together with the experienced and proven KPS Global management team to grow within and beyond its core markets and drive value creation organically and inorganically, in line with our purpose of co-creating living spaces for generations to come.”

“We are excited about this opportunity as we believe this relationship will allow us significant growth while maintaining our commitment to our customers, employees and vendors,” notes Mike Eakins, CEO of KPS Global.

Eakins continues, “The strong focus KPS Global has on transforming clean and cold solutions to increase energy efficiency and reduce food waste directly contributes to the Viessmann values to co-create living spaces for generations to come. The stability and long-term commitment of a family office owned investment firm is really exciting as it allows us to continue to innovate in the market and offer our customers leading edge sustainable solutions.”

Since December 2015, KPS Global has been a privately-owned company held by D Cubed Group LLC. KPS Global will continue operations as normal through their five strategically located manufacturing facilities.

About KPS Global®

KPS Global is the market leading provider of end-to-end solutions for custom enclosures for controlled environments, with the most extensive value chain coverage across design, engineering, installation and after-market services. Since its creation by D Cubed Group in 2015, it has been built into the clear leader throughout the food retail end market and expanded significantly into the scientific and cold storage markets. The company has five strategically located manufacturing facilities to serve customers anywhere in the world. Headquartered in Fort Worth, Texas, KPS Global is a privately held company with more than 850 employees.

About Viessmann Generations Group

Founded in 1917, the independent family company Viessmann is today a global, broadly diversified Group. All activities are based on the company’s purpose “We co-create living spaces for generations to come”. This is the passion and responsibility that the large worldwide Viessmann family brings to life every day. Viessmann forms an ecosystem of entrepreneurs and co-creators with a clear focus on CO2 avoidance, CO2 reduction and CO2 capturing.

Contact

For KPS Global:
Ashleigh Martin
ashleigh.martin@KPSGlobal.com
817-437-3965

For Viessmann Generations Group:
Byung-Hun Park
huni@viessmann.com
+49 151-64911317

Follow us on social media for the latest updates in B2B!

Image

Latest

Meet Dasha McBride: From Education to Entrepreneurship
November 14, 2024

Facing the Unknown with a Smile Dasha kicked off by recalling her first “big girl” job at the Birmingham Education Foundation, describing it as an adventure akin to being “thrown into the deep end.” Despite having no formal background in education, Dasha found herself developing and piloting elementary education programs. Her view on the challenge?…

Read More
rule
Patient Education and Value-Based Purchasing Take Center Stage in 2025 Home Health Final Rule
November 14, 2024

The 2025 Home Health Final Rule introduces a range of regulatory updates to improve transparency, elevate patient care standards, and stabilize financial practices within the home health sector. With these updates taking effect, home health agencies must adapt quickly, especially as CMS focuses on value-based care and Social Determinants of Health (SDOH). According to…

Read More
status
Status, Culture and the Modern Mind: What Really Drives Our Lives? With Author David Marx
November 14, 2024

In a world of rapidly advancing technology and global interconnectedness, the internet has reshaped how we view culture, art, and our own social identities. The rise of large language models (LLMs) and social media has made information and trends accessible in a way that some argue dulls originality and stifles creativity. This shift has…

Read More
Exploring Desktop Virtualization for Education and BFSI Sectors
Exploring Desktop Virtualization for Education and BFSI Sectors
November 14, 2024

The education and BFSI sectors in India are embracing desktop virtualization to modernize their operations and reduce costs. In the latest episode of The Edge & Beyond podcast, Michelle Dawn Mooney hosts a discussion with key figures from Intel and INP, focusing on how their partnership is reshaping computing for these sectors through the Intelligent…

Read More