Investcorp Capital, a company founded by Investcorp and listed on the Abu Dhabi Securities Exchange (ADX), today (November 15) announced that it has acquired Kanawha Scales & Systems (KSS) from American Equipment Holdings (AEH), in a deal arranged by Investcorp.

Headquartered in Poca, West Virginia, KSS is a leading provider of mission-critical calibration, maintenance, and repair services for complex industrial weighing systems and automated control solutions in the US. 

It was created through a series of acquisitions over several decades and has a long history of providing excellent customer service. 

Following the deal, Investcorp said the KSS management team will remain committed shareholders alongside Investcorp Capital and Investcorp’s investor base.

Investcorp Capital continues to build on its position as the only ADX-listed firm offering investors access to the returns derived from a globally diversified portfolio of alternative investments. 

Over the last 12 months, the firm has successfully realised several profitable investment exits from the likes of RESA Power in the USA and Citykart in India; while funding new Private Equity, Real Estate and Credit investments including the acquisition of Epipoli in Italy; thereby underscoring ICAP’s ability to unlock value across geographies and asset classes for its shareholders.

Sana Khater, CEO of Investcorp Capital, said: "KSS represents a compelling investment opportunity in a leading services business. ICAP’s strategy remains steadfastly focused on investing in compelling global opportunities in the private markets on behalf of our shareholders, while also offering these opportunities to Investcorp’s investor base. This approach underpins our commitment to delivering consistent attractive returns through a diversified portfolio of high-quality assets."

Yusef Al Yusef, Board Member of Investcorp Capital, and Global Head of Distribution for Investcorp said: "KSS’s track record of strong operational performance sets it apart as a trusted partner for industrial companies across a variety of sectors."

"We are confident that, with its robust market position and focus on delivering tangible value to both customers and employees, KSS is ideally placed to benefit from positive industry trends and will continue to outpace its competitors," he added.-TradeArabia News Service