State-of-the-art Plant is a Strategically Located Flagship Facility
(Fort Worth, TX, January 18, 2017)
A ribbon cutting on January 26th will celebrate KPS Global’s newest facility in Goodyear, Arizona. The Company was formed in late 2015 by D Cubed Group, LLC, a private investment group, to acquire multiple entities and create the clear leader in the walk-in refrigeration and freezer market. KPS Global has operated under its leadership team with a vision for expanding innovation as well as growth within the sectors in which it operates. The Goodyear facility represents a significant investment supporting KPS Global innovations, efficiency and quality. This new state-of-the art facility has the square footage, upgrades and equipment that will serve current KPS Global customers and has the capacity to meet future demand.
“Our Goodyear facility is a winner,” noted Jack Bowling, CEO of KPS Global. “It is strategically located in relationship to our other manufacturing locations and is laid out and equipped to facilitate our employees’ work, as they endeavor to surpass our newest quality and efficiency goals. Our customers are the real winners. When they purchase our walk-in products and especially when they have us address their entire project from the cooler or freezer to the refrigeration, doors, lighting, shelving and complete installation; they are getting the best products and installation in the business. In Goodyear, our employees got the facility they wanted and deserved. None of our employees have been displaced and we anticipate significantly increasing head count,” Bowling said.
Georgia Lord, Mayor of Goodyear, AZ added, “The city of Goodyear is thrilled to have been chosen for the KPS Global expansion project. Goodyear is becoming a hub of manufacturing companies due to our highly skilled workforce and our ability to adapt our processes to meet a company’s schedule of operations. It is always rewarding to watch companies and their ownership reinvest in excellence and growth, and KPS Global is certainly a tremendous example. We look forward to continuing to see KPS grow in Goodyear and very much appreciate their additional employment of citizens in our community.”
KPS Global is investing more than $2.3 million in the Goodyear facility, which opened in December 2016. Multiple, sophisticated manufacturing lines creating panels for walk-in refrigeration equipment are located within the plant and there is additional space when needed to accommodate the company’s growth.
KPS Global is a privately-held, custom walk-in refrigeration manufacturer, installation and repair company headquartered in Ft. Worth, Texas. The Company’s three, strategically located manufacturing and warehouse locations serve clients throughout North America, Canada, Latin America and the Caribbean. (more…) Created through the acquisition of Hill Phoenix’s walk-ins business and Kysor Panel Systems, by D Cubed Group, LLC, a private investment group in 2015, KPS Global is renowned for its high quality manufacturing, and skilled team of installation and repair technicians. The Company has 600+ employees and annual revenues exceeding $200 million.
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Aggregation and Privatization Forms Market Leading Walk-Ins Solutions Company
NEW YORK (December 7, 2015) – D Cubed Group LLC, a private market investment group that invests in mid-size businesses on behalf of highly successful executives, announced today that it acquired Hill Phoenix’s Walk-Ins business from Dover Corporation (NYSE: DOV) and Kysor Panel Systems from The Manitowoc Company, Inc., (NYSE: MTW). The two transactions create a new, private company named KPS Global, headquartered in Fort Worth, Texas, with combined annual revenues of over $200 million (of which $95 million is from Hill Phoenix’s Walk Ins business) and more than 600 employees. D Cubed is joined in the acquisition by other industry veterans, strategic investment partners and the KPS Global management team.
“This transaction recognizes the strength of two industry leaders with similar product lines and customer-oriented sensibilities,” said Glenn Kaufman, managing director of D Cubed, who has been involved with the retail and foodservice industries for almost 20 years. “The walk-in industry has never had a singularly focused and independent company with the level of committed financial and human resources as exists in KPS Global.”
“KPS Global now has the long-term orientation as well as one center of gravity to deliver for the customers in every respect,” continues Kaufman. “KPS Global is a stunning package of assets. Both companies are recognized for having high-quality manufacturing. Both have an industry-leading field tech network. Both serve a national customer base of Blue Chip companies. Most importantly, both have extremely dedicated employees. And now KPS Global has the size and scale to drive service levels to an even greater level as well as to innovate and invigorate”
According to Kaufman, KPS Global management is a blended leadership team with more than 200 years of industry knowledge. Upon acquisition, the two teams of senior executives will not only merge in business functioning, but also become employee-owners. Jack Bowling, previously with Kysor Panel Systems, is becoming its chief executive officer.
“I believe we have created a world class organization with a laser focus on walk- in solutions,” said Bowling. “We have done it with the backing of a partner who represents long term-oriented business people. It’s the perfect combination of assets, products and services. There is no shortage of opportunity for this new company. But make no mistake; our current focus is on the customer in the same way as these two teams have focused for many years. Customer experience will not be interrupted and all of the same people will make sure exceptional service is delivered.”
“One of KPS Global’s most powerful elements is the resources in and around it,” said Bowling. KPS Global assumes operation of five manufacturing and warehousing facilities. According to Bowling, these facilities are strategically located from coast to coast to promote consistency and capacity. “Over time, our combined 500,000 square feet of manufacturing and warehousing capability will produce interchangeable, highly-engineered product.”
“And while we are all focused on customer experience, over time, KPS Global will deliver greater service levels, technology and innovation,” continued Bowling. “In 2016, for example, we will launch a next-generation configuration software tool that will dynamically scope customer projects. This field tool will deliver highly accurate data — from initial discussion to onsite design to precise quote and ultimately to final build drawings — in record time and with reduced error. And that’s just the beginning of our innovation goal.”
“We recognize that already today these two companies are incredibly high performers. As is the focus of D Cubed and our investors, we will support the team in building and extending on KPS Global’s strengths to create an enterprise that is long term great,” said Kaufman.
For more information on D Cubed Group visit www.dcubedgroup.com. For more information on KPS Global visit www.kpsglobal.com.
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Rebecca Yuan/D CUBED GROUP
Ellen Beth Van Buskirk/NEUBRAND