KPS Capital Partners to Acquire The Wells Companies, Inc.

KPS Capital Partners, LP has announced a definitive agreement to acquire The Wells Companies, Inc., a key player in designing, manufacturing, and installing above-grade architectural and structural precast concrete solutions in the United States. The financial terms of the transaction remain undisclosed, with completion expected in the first quarter of 2026 pending customary closing conditions and approvals.

Wells, headquartered in Albany, Minnesota, operates 13 manufacturing facilities and employs approximately 2,700 people. The company is noted for its comprehensive precast concrete portfolio, which includes design, engineering, manufacturing, and on-site installation services.

Ryan Harrison of KPS expressed enthusiasm about the acquisition, highlighting Wells' leadership in the precast concrete industry, their manufacturing expertise, and strong customer relationships. CEO Dan Juntunen of Wells echoed these sentiments, emphasizing the strategic growth opportunities presented by partnering with KPS.