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Investment Firm KPS Capital To Acquire AM General

Cal Biesecker By
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Investment Firm KPS Capital To Acquire AM General
AM General M1151A1B1 Humvee

The investment firm KPS Capital Partners on Wednesday said it has agreed to acquire specialty vehicle developer and manufacturer AM General LLC from the holding company MacAndrews & Forbes. Terms of the deal were not disclosed. AM General, maybe best known for providing the U.S. military with the multipurpose Humvee utility vehicles, is based in South Bend, Ind., and has 1,500 employees. KPS said it plans to help grow AM General through acquisitions and organically. “We are excited to acquire…

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