Viessmann to acquire KPS Global from D Cubed.

Viessmann, a German manufacturer of heating and refrigeration systems, agreed to acquire KPS Global, a manufacturer of insulated panel systems, from D Cubed, a private-market investment firm. Financial terms were not disclosed. “From the beginning, we saw an opportunity to bring significant investment, engagement, and a long-term orientation to combine two market leaders and build a company with a singular focus, world-class innovation and execution capabilities, and resourcing it to grow further through proprietary offerings and diversifying the markets it served. Through our investment in talent, systems, business intelligence, and innovation, as well as our partnership with management, KPS Global has become the clear market leader and stands apart from competitors based on its end-to-end and fully custom capabilities, differentiated offerings, and proven ability to grow in multiple markets,” Glenn Kaufman, D Cubed Managing Director.