Mill Point Capital, a private equity firm focused on control-oriented investments in the industrials, business services and IT services sectors, has sold KKSP Precision Machining LLC (KKSP), North American manufacturer of precision metal components, to Pine Grove Holdings (Pine Grove), an executive-led operations and investment firm focused on companies with high engineering content.
Mill Point will maintain a minority stake in the business going forward.
Since its 2017 acquisition by Mill Point Capital, KKSP has experienced tremendous success through the enhancement of technical capabilities, strategic M&A and rapid expansion into the Northeastern United States region and catalog components market.
