Trending...
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- Peccioli Becomes New Orleans: In July 2026, the magic of jazz comes to Tuscany
- Scotch Whisky Market Dislocation Creates Compelling Entry Opportunity for Long-Term Investors
GLENDALE HEIGHTS, Ill.--(BUSINESS WIRE)--Mill Point Capital LLC ("Mill Point Capital"), a private equity firm focused on control-oriented investments in the industrials, business services and IT services sectors, announced today a majority sale of KKSP Precision Machining LLC ("KKSP"), one of North America's leading manufacturers of precision metal components, to Pine Grove Holdings LLC ("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.
"We are very proud of our successful partnership with Dave Dolan and the entire KKSP team, as well as the many achievements during our partnership," said Mark Paolano of Mill Point Capital. "Since our initial transaction in 2017, we successfully executed on our Value Creation Plan, creating an industry leader poised to thrive in its market. We are also thrilled to partner with Nelda J. Connors of Pine Grove Holdings and support the continued growth of KKSP."
"KKSP has an impressive legacy of world-class product quality and customer service across its five facilities in the U.S. and Mexico," said Nelda J. Connors, Founder and CEO of Pine Grove Holdings. "The growth potential of KKSP is exciting as we work alongside the KKSP leadership team and its employees to realize additional business potential and value for our customers."
More on illi News
"By partnering with Pine Grove, and through Mill Point's continued involvement, this transaction demonstrates KKSP's ability to attract and work alongside preeminent investment partners to expand capabilities and services for its customers and deliver value to its investors. We look forward to the next phase of KKSP's evolution and working closely with Nelda J. Connors and Pine Grove," said Dave Dolan, President and CEO of KKSP Precision Machining.
About KKSP Precision Machining
Headquartered in Glendale Heights, IL, KKSP Precision Machining LLC is one of the largest manufacturers of machined metal components produced primarily on automatic screw machines. Founded in 1968, the company has evolved into a leading player in the precision turned components industry with facilities in Illinois, Wisconsin, Michigan, Mexico, and Connecticut. KKSP operates over 570 primary machines and produces over 350 million parts annually to exacting print specifications for a diverse customer base including HVAC, fire suppression, appliance, defense, automotive, heavy truck, plumbing, medical and marine industries. For more information, please visit www.kksp.com.
More on illi News
About Mill Point Capital
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the industrials, business services and IT services sectors in North America. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.
About Pine Grove Holdings
Pine Grove Holdings LLC is a privately held investment company focused on acquiring and operating middle-market businesses with a high engineering component. These investments are primarily focused in power generation, specialty logistics and transportation, SAAS and advanced materials. Pine Grove Holdings is based in Chicago, IL. For more information, please visit www.pinegroveholdings.com.
Contacts
Jiaeh Kim, (212) 416-5800, info@millpoint.com
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.
"We are very proud of our successful partnership with Dave Dolan and the entire KKSP team, as well as the many achievements during our partnership," said Mark Paolano of Mill Point Capital. "Since our initial transaction in 2017, we successfully executed on our Value Creation Plan, creating an industry leader poised to thrive in its market. We are also thrilled to partner with Nelda J. Connors of Pine Grove Holdings and support the continued growth of KKSP."
"KKSP has an impressive legacy of world-class product quality and customer service across its five facilities in the U.S. and Mexico," said Nelda J. Connors, Founder and CEO of Pine Grove Holdings. "The growth potential of KKSP is exciting as we work alongside the KKSP leadership team and its employees to realize additional business potential and value for our customers."
More on illi News
- High-Growth Power Infrastructure Play Targets AI Boom: 1606 Corp. Executes Aggressive Texas Expansion Strategy: 1606 Corp. (Stock Symbol: CBDW) $CBDW
- Accelerating the Transformation into a U.S. Nuclear Fuel Cycle Leader: Frontier Nuclear and Minerals Inc. (N A S D A Q: FNUC)
- Ozz Metals Ltd Secures 1-Tonne Gold Offtake Agreement
- Jet Set: The Ultimate Coachella Afterparty
- Heritage at Manalapan Introduces New Single-Family Home Community in One of Monmouth County's Most Desirable Locations
"By partnering with Pine Grove, and through Mill Point's continued involvement, this transaction demonstrates KKSP's ability to attract and work alongside preeminent investment partners to expand capabilities and services for its customers and deliver value to its investors. We look forward to the next phase of KKSP's evolution and working closely with Nelda J. Connors and Pine Grove," said Dave Dolan, President and CEO of KKSP Precision Machining.
About KKSP Precision Machining
Headquartered in Glendale Heights, IL, KKSP Precision Machining LLC is one of the largest manufacturers of machined metal components produced primarily on automatic screw machines. Founded in 1968, the company has evolved into a leading player in the precision turned components industry with facilities in Illinois, Wisconsin, Michigan, Mexico, and Connecticut. KKSP operates over 570 primary machines and produces over 350 million parts annually to exacting print specifications for a diverse customer base including HVAC, fire suppression, appliance, defense, automotive, heavy truck, plumbing, medical and marine industries. For more information, please visit www.kksp.com.
More on illi News
- Compliant Workspace announces partnership with Blackpoint Cyber
- Michigan Homeowners Urged to Act on Rising Basement Waterproofing Needs Amid Severe Flood
- Event Solutions Enters New Era: Announces New Leadership
- Carlsbad Hotel Named Best of La Quinta Award Winner
- Scoop Social Co. Launches a New Era of Mobile Hospitality — One Truck, Two Experiences
About Mill Point Capital
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the industrials, business services and IT services sectors in North America. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.
About Pine Grove Holdings
Pine Grove Holdings LLC is a privately held investment company focused on acquiring and operating middle-market businesses with a high engineering component. These investments are primarily focused in power generation, specialty logistics and transportation, SAAS and advanced materials. Pine Grove Holdings is based in Chicago, IL. For more information, please visit www.pinegroveholdings.com.
Contacts
Jiaeh Kim, (212) 416-5800, info@millpoint.com
Filed Under: Business
0 Comments
Latest on illi News
- AktieGo Publishes Editorial Feature Examining Decentralized Power Infrastructure and Hydrogen Energy Deployment
- Greg Wier Announces the Release of More Than Just Luck
- Nieuwe standaard in webdesign: Professionele website laten maken voor het MKB vanaf €249 door Websitepioniers
- Book Presentation: The Grasshopper Lost Its Wings by Rosy Hugene
- Shipping Containers Are Powering the Next Generation of Bitcoin Mining Infrastructure
- Hypnotherapy Finder Announces Official US Wide Launch After Successful Soft Launch
- Melzi Job Coach Launches on iOS and Android: A Privacy-First AI Career Engine Built for Execution
- Naperville Police Participate in St. Patrick's Day Traffic Safety Campaign
- New partnership bringing trauma-informed libraries to vulnerable children
- Training Lofts Launches $1,099 Unlimited Training Membership Featuring Semi-Private Coaching, Nutrition Support, and Recovery Services
- Naperville and Aurora Joint Release: North Aurora Road Closure between Pennsbury Lane & Frontenac Road Starts March 31
- American Properties Realty, Inc. Leadership Attends NAHB International Builders' Show in Florida
- Mayor Brandon Johnson Announces 2nd Annual Chicago River Swim Following Historic First Year, Establishing New Civic Tradition
- $317M Revenue and a Clear Path to $1B: $IQST is Positioned for a Major Profitability Inflection
- Jones Software Corp Expands AI Skilling Through Microsoft Commercial Marketplace with Global Deliver
- ASI Hosts 2026 Executive Business Summit for Global Partner Community
- Pastor Saeed Abedini Releases THE TRUTH – Volume 1, A Deeply Personal Story of Faith, Struggle, and Redemption
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- Scotch Whisky Market Dislocation Creates Compelling Entry Opportunity for Long-Term Investors
- Peccioli Becomes New Orleans: In July 2026, the magic of jazz comes to Tuscany