ABU DHABI: Investcorp Capital PLC said on Friday it had acquired Kanawha Scales & Systems (KSS), a U.S. provider of industrial weighing services, from American Equipment Holdings.
The acquisition, arranged by Investcorp Capital’s founding company Investcorp, expands the Abu Dhabi-listed firm’s portfolio of U.S. industrial assets. Financial terms of the deal were not disclosed.
Headquartered in Poca, West Virginia, KSS provides calibration, maintenance and repair services for industrial weighing systems and automated controls across the United States.
“The KSS management team will remain committed shareholders alongside Investcorp Capital and Investcorp’s investor base,” the company said in a statement.
Sana Khater, CEO of Investcorp Capital, said the deal aligned with the company’s strategy of “investing in compelling global opportunities in the private markets on behalf of our shareholders.”
The transaction underscores Investcorp Capital’s ongoing activity in building its portfolio of alternative investments. In the past year, the firm has realized exits from assets like RESA Power in the United States and Citykart in India, while funding new acquisitions including Italy’s Epipoli.
Investcorp, the founding company of Investcorp Capital, is a global alternative investment manager with about $60 billion in assets under management.
Investcorp Capital is listed on the Abu Dhabi Securities Exchange (ADX) under the symbol “ICAP”.
