American Industrial Partners to Buy KMT Group for $147.5M
August 19, 2013
American Industrial Partners has agreed to acquire KMT Group from Swedish investor Nordstjernan for an enterprise value of $147.5 million. KMT designs and manufactures products utilizing ultrahigh-pressure pump technology in industrial manufacturing, surface preparation and food processing applications. The company has been backed by Nordstjernan since 1999 and controlled by the firm since 2007. The $147.5 million figure represents a 6.4x multiple of adjusted 2012 EBITDA.