-- KPS Will Continue To Own Crenlo Global

KPS Capital Partners ("KPS") announced today it has sold Genesis Attachments, 
LLC ("Genesis") to NPK Construction Equipment, Inc.  KPS will continue to own 
Crenlo, Emcor and Siac do Brasil (collectively, "Crenlo Global").  Crenlo 
Global will continue to be led by Chief Executive Officer Steve Andrews and 
Chief Financial Officer Steve Klyn.

Raquel Palmer, a Managing Partner of KPS, said, "We congratulate and thank the 
Genesis management team for their impressive execution.  We are very proud to 
have been their partner in Genesis' incredible transformation.  We remain 
committed to providing Crenlo Global with capital and resources to continue 
delivering products of unparalleled quality, with industry-leading technology 
and world-class customer service."

Paul, Weiss, Rifkind, Wharton and Garrison LLP served as legal counsel and 
Deutsche Bank served as exclusive financial advisor to KPS and Genesis with 
respect to the transaction.

KPS created International Equipment Solutions ("IES") in 2011 to acquire 
Genesis, along with Paladin, Pengo, Crenlo and Emcor.  KPS sold IES' 
Attachments division (Paladin and Pengo) to Stanley Black & Decker in March 
2019.

About Genesis

Genesis is a global leading producer of high-quality hydraulic mobile shears, 
specialty demolition attachment tools, grapples, concrete processors and 
associated aftermarket parts.  Headquartered in Superior, Wisconsin, Genesis 
operates one manufacturing facility and one assembly and distribution facility 
with approximately 130 associates worldwide.  For more information, please 
visit www.genesisattachments.com. 

About KPS Capital Partners

KPS, through its affiliated management entities, is the manager of the KPS 
Special Situations Funds, a family of investment funds with approximately $5.0 
billion of assets under management (as of March 31, 2019).  For over two 
decades, the Partners of KPS have worked exclusively to realize significant 
capital appreciation by making controlling equity investments in manufacturing 
and industrial companies across a diverse array of industries, including basic 
materials, branded consumer, healthcare and luxury products, automotive parts, 
capital equipment and general manufacturing.  KPS creates value for its 
investors by working constructively with talented management teams to make 
businesses better, and generates investment returns by structurally improving 
the strategic position, competitiveness and profitability of its portfolio 
companies, rather than primarily relying on financial leverage.  The KPS Funds' 
portfolio companies have aggregate annual revenues of approximately $5.8 
billion, operate 100 manufacturing facilities in 27 countries, and have over 
22,000 employees, directly and through joint ventures worldwide.  The KPS 
investment strategy and portfolio companies are described in detail at 
www.kpsfund.com.

Source - KPS Capital Partners

CONTACT: Business Inquiries: KPS, +1 212 338 5100;Media Relations: Mark Semer 
or Daniel Yunger, +1 212 521 4800