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Rödl & Partner advised Viessmann on its acquisition of KPS Global LLC

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​​Atlanta​​, Georgia, August 13, 2024: Rödl & Partner advised Viessmann on its acquisition of KPS Global LLC, a leading manufacturer of insulated panel systems for convenience and grocery stores, foodservice, big box retailers as well as scientific, warehouse and industrial enclosures. KPS Global operates five manufacturing facilities across the USA in San Dimas, California; Goodyear, Arizona; Fort Worth, Texas; Piney Flats, Tennessee and Conyers, Georgia.

KPS Global, created by D Cubed Group in 2015 through the simultaneous acquisitions of Hill Phoenix’s WalkIns business and Kysor Panel Systems, will play an important role in Viessmann’s expansion in the North American market. Furthermore, KPS Global will help to advance Viessmann’s sustainability mission with its strong focus on the transformation of clean and cold solutions that are aimed at increasing energy efficiency and food waste reduction. The company generates over $400 million in revenue with over 850 employees and offers aftermarket parts, replacement equipment and installation services, beyond its custom insulated panel systems.

Max Viessmann, CEO of Viessmann, expressed great excitement about the acquisition: “We recognize D Cubed’s tremendous accomplishment in creating and building KPS Global to where it is. We see an incredible opportunity to build on that and support the company to further extend its ongoing growth within and beyond its core market. We are excited to work together with the company’s proven management to further drive value creation.” He also emphasized that “the KPS business will directly contribute to our vision of reducing CO2 emissions and improving the quality of life for the world’s growing population.”

Rödl & Partner's U.S. Transaction Services team, led by Frank Breitenfeldt, served as the exclusive financial advisor to Viessmann. The team provided critical support in buy-side financial and tax due diligence, deal negotiation, and purchase contract drafting assistance. The transaction was successfully completed on July 19th, 2024.

About Viessmann

Founded in 1917, the independent family company Viessmann is today a global, broadly diversified Group. All activities are based on the company’s purpose "We co-create living spaces for generations to come”. This is the passion and responsibility that the large worldwide Viessmann family brings to life every day. Viessmann forms an ecosystem of entrepreneurs and co-creators with a clear focus on CO2 avoidance, CO2 reduction and CO2 capturing.

Advisors Viessmann​

Rödl & Partner USA 

Frank Breitenfeldt, Partner (Transaction Services), Atlanta, Project Lead – Financial 
Christian Haverney, Partner (Transaction Services), Atlanta – Financial & Tax
Dennis Wieckert, Senior Principal (M&A Tax), Atlanta – Tax
Olivier Toubon, Manager (Transaction Services), Atlanta – Financial
Theresa Schieck, Associate (Transaction Services), Atlanta – Financial​


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Frank Breitenfeldt

WP, StB, CPA

Partner, German Speaking

+1 404 525 2600

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