KPS Capital Partners, an American investment company, agreed to acquire AM General, a manufacturer of specialized vehicles for military and commercial customers, from MacAndrews & Forbes Holdings, an American diversified holding company. Financial terms were not disclosed. "We intend to leverage the AM General's commitment to research, technology, innovation and new product development, as well as its heritage and iconic brand name. KPS' demonstrated track record and history of successfully investing in specialty vehicle businesses – as well as its global platform and significant financial resources – make us exceedingly confident that AM General will continue to thrive under KPS' ownership for the benefit of its customers and all stakeholders," Jay Bernstein, KPS Partner.