Briggs & Stratton, a recognized global leader in providing power to get work done, announces that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries. Box 702 Milwaukee, WI, 53201. BRIGGS & STRATTON CORPORATION : Press releases relating to BRIGGS & STRATTON CORPORATION Investor relations | OTC Bulletin Board - Other OTC: BGGSQ | OTC Bulletin Board - … Briggs & Stratton was created more than 110 years ago by inventor Stephen F. Briggs and investor Harold M. Stratton to produce gasoline engines for outdoor power equipment. Briggs and Stratton has become a household name and has been around for over 100 years. Briggs & Stratton Enters Into Sale Agreement And Initiates Voluntary ... Briggs & Stratton Corporation And Club Car Announce Strategic Supply Agreement, Briggs & Stratton Launches Smart Power Management for Standby. Jul 20, 2020 6:45 AM EDT. New Vanguard® BIG BLOCK™ EFI ETC Exclusively Powers New Wright® ZXT Zero-Turn... Ferris® Releases New IS® 6200 Zero Turn Mower and FW45 Walk-Behind Mower, Simplicity® Adds Courier XT to Robust Zero Turn Lineup, Snapper® Adds 360Z XT Zero Turn and SW45 Walk-Behind Mower to Legendary Lineup, Briggs & Stratton Announces Completion of Sale to KPS Capital Partners. Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of … Wauwatosa-based Briggs & Stratton Corp. says it might have to file for bankruptcy if it cannot come to an agreement with its debtors.. Briggs & Stratton Corporation (NYSE: BGG), headquartered in Milwaukee, Wisconsin, is focused on providing power to get work done and make people's lives better. News Releases Date Title and Summary; Toggle ... 2015 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) will release its fiscal 2015 second quarter financial results after the market closes on Wednesday January 21, 2015 . The U.S. Bankruptcy Court for the Eastern District of Missouri formally approved the transaction on September 15, 2020. Engine production averages 10 million units per year as of April 2015. Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said "This is the beginning of a new era for Briggs & Stratton, a legendary brand in American manufacturing and the leading company in its industry. Briggs & Stratton Corp. is moving production from its facility in Wauwatosa to New York, the company announced in a news release Friday. By Michael Rosen and Charlie Dee - Sep 28th, 2020 05:29 pm Briggs & Stratton announced on Monday an agreement to sell most of its assets to KPS Capital Partners and that it was filing for a Chapter 11 bankruptcy reorganization petition. The Company has a new owner, a new CEO, a new Board of Directors and a renewed focus. Briggs & Stratton Corporation Features 8 Brands At GIE+ EXPO. MILWAUKEE, Oct. 27, 2020 /PRNewswire/ -- After emerging from Chapter 11 restructuring as a new company with a new owner and a new CEO, Briggs & Stratton, LLC, a … News Releases. Cision Distribution 888-776-0942 November 8, 2018 at 10:00 AM EST . Briggs & Stratton enters Chapter 11, secures D-I-P financing seekingalpha.com - July 20 at 8:24 AM: Briggs & Stratton Files For Chapter 11 Bankruptcy; To Be Acquired By KPS Capital For $550 Mln www.nasdaq.com - July 20 at 8:24 AM: Briggs & Stratton Enters Into Sale Agreement And Initiates Voluntary Reorganization Under Chapter 11 MILWAUKEE, Sept. 22, 2020 /PRNewswire/ -- Briggs & Stratton, a recognized global leader in providing power to get work done, announced today that KPS Capital Partners, LP ("KPS"), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries (collectively, "Briggs & Stratton", the "Company" or the "Acquired Business"). BRIGGS & STRATTON CORPORATION : Press releases relating to BRIGGS & STRATTON CORPORATION Investor relations | OTC Bulletin Board - Other OTC: BGGSQ | OTC Bulletin Board - Other OTC By Michael Rosen and Charlie Dee - Sep 28th, 2020 05:29 pm BRIGGS & STRATTON live news and press releases : economic, financial and stock exchange information, videos and market rumors Con l'app Briggs & Stratton Service puoi accedere alla rete dei rivenditori e alle officine autorizzate per l'assistenza ai nostri prodotti. Briggs & Stratton Corporation is an American Fortune 1000 manufacturer of gasoline engines with headquarters in Wauwatosa, Wisconsin.. Engine production averages 10 million units per year as of April 2015. News Releases; Briggs & Stratton Corp. in McDonough, Ga., fined $78,000 by US Department of Labor's OSHA for violations following worker injury; OSHA News Release - Region 4. Free Press Release Distribution Website. About Briggs & Stratton:Briggs & Stratton, headquartered in Milwaukee, Wisconsin, provides power to get work done and make people's lives better. Why Briggs & Stratton Went Bankrupt A story of greed, mismanagement and union busting. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. BASCO News. Briggs & Stratton will now operate as an independent company with the long-term support of KPS, a leading global private equity investor with a demonstrated track record of successfully transforming businesses and creating profitable, growing companies. We thank the United Steelworkers for its very public support of our acquisition of the Company," Mr. Psaros concluded. KPS and Mr. Andrews have a history of successfully working together to create, operate and grow world-class businesses. An Auburn manufacturer seeks a city tax break to add more than $9 million in new production capacity and up to 35 new jobs. Read More », Briggs & Stratton, LLC and Simplicity are excited to announce an expansion to their premium mower lineup in the new Courier XT zero turn mower. After emerging from Chapter 11 restructuring as a new company with a new owner and a new CEO, Briggs & Stratton, LLC, a company with a 113-year legacy, also has a new beginning. About KPS Capital PartnersKPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $11.5 billion of assets under management (as of June 30, 2020). Detailed price information for Briggs & Stratton Corp (BGG-N) from The Globe and Mail including charting and trades. Inoltre, l'app consente di accedere ai video del nostro canale di YouTube e alle nostre newsletter. BRIGGS & STRATTON live news and press releases : economic, financial and stock exchange information, videos and market rumors "KPS is delighted that Steve Andrews will serve as President and CEO of Briggs & Stratton. Briggs & Stratton enters Chapter 11, enters into sale agreement seekingalpha.com - July 20 at 8:24 AM: Briggs & Stratton enters Chapter 11, secures D-I-P financing seekingalpha.com - July 20 at 8:24 AM: Briggs & Stratton Files For Chapter 11 Bankruptcy; To Be Acquired By KPS Capital For $550 Mln www.nasdaq.com - July 20 at 8:24 AM Please note: Information in some news releases may be out of date or may no longer reflect OSHA policy. Read More », Vanguard is excited to announce it will be the exclusive power provider of the new Wright ZXT zero-turn mower with the new Vanguard BIG BLOCK 40.0 Gross HP* EFI ETC engine, featuring Vanguard’s all-new electronic throttle control (ETC) technology. The Acquired Business Exits Chapter 11 Bankruptcy Proceeding, Steve Andrews Named President and Chief Executive Officer. Read More ». MILWAUKEE, Wis., June 27, 2017 /PRNewswire/ -- Taking care of the outside of a house is an important part of the American dream of owning a home. Briggs & Stratton temporarily shut down five production lines at the north end of its Wauwatosa factory and headquarters on Friday after a worker tested positive for coronavirus, but employees were expected to return to work Tuesday morning, according to a union representative and a Briggs employee. Briggs & Stratton said in its news release that employees who are affected will have a chance to relocate to another facility. PRESS RELEASES. Briggs & Stratton Corp. said Monday it’s cutting more than 200 jobs in Wauwatosa as part of the company’s earlier announced move of production work to its factory in New York. https://www.snapper.com/na/en_us/home.html, Proud Past, Promising Future: A New Briggs & Stratton. FOR IMMEDIATE RELEASE. The company reports that it has 13 large facilities in the U.S. and 8 more in Australia, Brazil, Canada, China, Mexico, and the Netherlands. Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of … The Courier XT is an excellent complement to the diverse selection of Simplicity mowers, offering reliable componentry, a luxurious mowing experience, and top-notch cut quality. KPS will also provide the capital for Briggs & Stratton to pursue strategic acquisitions. October 27, 2020. NEWS - December 11, 2019 BRIGGS & STRATTON CORPORATION ANNOUNCES NEW MOTORSPORTS LEADERSHIP Contact: Rick Carpenter, Briggs & Stratton,... Read More. We ship anywhere. "Briggs & Stratton believes this process will benefit its employees, customers, channel partners, and suppliers, and best positions the Company for long-term success," the release said. The Germantown facility will be part of the newly approved industrial park … Most relevant news about BRIGGS & STRATTON CORPORATION: 10/20: BRIGGS & STRATTON: Ferris® Releases New IS® 6200 Zero Turn Mower and FW45 Walk-.. KPS acquired the assets free and clear of substantially all liens, claims, encumbrances and interests through a sale under Section 363 of the United States Bankruptcy Code. Psaros said in a press release that Tuesday’s news marks "the beginning of a new era for Briggs & Stratton, a legendary brand in American manufacturing and the leading company in its industry.” Last updated on July 17th, 2020 at 02:24 pm. Briggs And Stratton 187489GS Pin, Compression Release available online and ready to ship direct. U.S. Department of Labor. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. As part of the Chapter 11 filing, the Milwaukee-area company said Monday it has secured secured debtor-in-possession financing of $677.5 million from KPS Capital Partners LP, the … PRESS RELEASES. Briggs & Stratton Recalls Ariens Compact Snow Blowers Due to Fire Hazard Important: CPSC Recall Remedy Notice Due to COVID-19 Due to the extraordinary circumstances surrounding COVID-19, some of the remedies identified in recall press releases may not be available at this time. We have worked successfully with Steve in the past and look forward to collaborating again as the new Briggs & Stratton. KPS, with approximately $11.5 billion of assets under management, works to advance the strategic position, competitiveness and profitability of its investments to create world-class, industry-leading companies. Briggs & Stratton Corp., billed as the world's largest manufacturer of small gas engines, has filed for bankruptcy protection citing challenges due to the coronavirus pandemic, the company announced Monday. The shutdown happened just one day after about 50 people picketed outside the … The tax breaks for Briggs & Stratton… © 2020 Briggs & Stratton LLC. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Briggs & Stratton Corporation Announces New Revolving Credit Facility. Sun Life named Canada's Most Respected Life Insurance Company Earwear and Watches Leads to a Record Quarter for Wearables in India with 11.8 million units shipped in 3Q20, ... Briggs & Stratton Corporate Headquarters P.O. Steve Andrews, new President and CEO of Briggs & Stratton, reflects on early observations and reinforces a strong, promising future for the Company. Wauwatosa-based Briggs & Stratton Corp. says it might have to file for bankruptcy if it cannot come … Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS' financial resources and expertise. I’ve personally owned several gas powered tools that were powered by Briggs & Stratton engines and have always had good luck with them. Briggs & Stratton Corporation (NYSE: BGG) announced details on Friday of its planned "strategic repositioning." For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. With the completion of the sale to KPS, the Acquired Business has successfully exited from its Chapter 11 Bankruptcy proceeding. "On behalf of the Company, I would like to thank former Chairman, President and CEO Todd Teske for his decades of service and many contributions," Mr. Andrews concluded. The Company has scheduled an investor conference call to follow on Thursday, January 22, 2015 Toggle Summary January 21, 2015: Briggs & Stratton … Eighty-five percent of Briggs & Stratton products are made in the U.S.A., … Read More », Briggs & Stratton Corporation's Ferris brand is excited to introduce two all-new models in the Ferris ISX3300 platform powered exclusively by the Vanguard BIG BLOCK 40.0 Gross HP* EFI ETC engine, the first in the lineup to feature Vanguard's all-new electronic throttle control (ETC) technology. According to a news release, the actions announced "include a … Wall Street analysts have given Briggs & Stratton a "N/A" rating, but there may be better short-term opportunities in the market. Briggs & Stratton Corporation is an American Fortune 1000 manufacturer of gasoline engines with headquarters in Wauwatosa, Wisconsin. KPS and Mr. Andrews have a history of successfully working together to create, operate and grow world-class businesses. NEWS - January 29, 2020 2020 Briggs & Stratton 206 US Rule Set RELEASED FOR IMMEDIATE RELEASE Contact: Dan Roche, 414.259.5661,... Read More. After emerging from Chapter 11 restructuring as a new company with a new owner and a new CEO, Briggs & Stratton, LLC, a company with a 113-year legacy, also has a new beginning. Briggs & Stratton Corporation (NYSE: BGG) announced details on Friday of its planned "strategic repositioning." "Briggs & Stratton believes this process will benefit its employees, customers, channel partners, and suppliers, and best positions the Company for long-term success," the release said. Under KPS' ownership and Mr. Andrews' leadership, IES, through a series of acquisitions and other growth initiatives, transformed two non-core divisions of a large corporation into a thriving, highly profitable company. Mr. Andrews said, "I am honored to lead Briggs & Stratton. We look forward to accelerating the Company's growth by increasing its already substantial investment in research and development, technology and new product development. Read More », Briggs & Stratton, a recognized global leader in providing power to get work done, announces that KPS Capital Partners, LP (“KPS”), through a newly formed affiliate, has acquired substantially all of the assets of Briggs & Stratton Corporation and certain of its wholly-owned subsidiaries. For additional information, please visit www.basco.com and www.briggsandstratton.com. Proud Past, Promising Future: A New Briggs & Stratton. Steve is an outstanding leader with a demonstrated track record of transforming and growing companies. Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of … Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of commercial lithium-ion batteries, power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton®, Simplicity®, Snapper®, Ferris®, Vanguard®, Allmand®, Billy Goat®, Murray®, Branco®, and Victa® brands. September 27, 2019 at 12:58 PM EDT MILWAUKEE, Sept. 27, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) ("the company") today announced that it has entered into a new revolving credit facility ("facility"), which provides up to $625 million in borrowing capacity subject to a borrowing base. Briggs & Stratton announced on Monday an agreement to sell most of its assets to KPS Capital Partners and that it was filing for a Chapter 11 bankruptcy reorganization petition. "We are grateful to all of the Company's stakeholders for their assistance and cooperation throughout the bankruptcy process. Weekly Racing Series; Sr. Standings; Jr. Standings Sort By. Free of any legacy liabilities, and with a strong balance sheet and the Company's world-class workforce, we have an exceptional opportunity to build upon the Company's leading market position. Read More », Briggs & Stratton to be a power provider of Club Car Lithium-Ion products; Advanced Battery Manufacturing facility begins production Briggs & Stratton's Auburn engine plant was not mentioned in a Monday press release announcing the company's bankruptcy plans. Read More », Company remains well-positioned to continue serving customers worldwide Company has entered into a definitive agreement with KPS Capital Partners for a sale of substantially all the Company's assets Company secures $677.5 million in Debtor-In-Possession (DIP) financing to support operations throughout the sale and reorganization process Briggs & Stratton also announced that Steve Andrews has been named President and Chief Executive Officer of Briggs & Stratton effective immediately. 365 day returns. I am also pleased to partner and collaborate again with KPS, a firm that has distinguished itself as a global leader in transforming businesses and is ideally suited for this exciting venture. MILWAUKEE, Wisconsin (August 17, 2018) – Briggs & Stratton Corporation today announced its decision to consolidate a number of its smaller existing warehouses throughout the U.S. into two large warehouses in Germantown, Wisconsin and Auburn, Alabama.Both facilities are expected to be operational in spring 2019. Today, more than 70 million U.S. households and thousands of businesses use Briggs & Stratton engines and outdoor power equipment to maintain beautiful outdoor spaces. Meanwhile, the company doled out $2.6 million in bonuses to its executive board this month, including a $1.2 million payout for its chief executive officer Todd Teske, according to a June 15 filing with the Securities and Exchange Commission. Contact: Rick Carpenter, Briggs & Stratton, 414.259.5916, carpenter.rick@basco.com MILWAUKEE, Wisconsin (December 11, 2019) – Briggs & Stratton Corporation welcomes new leadership to its Motorsports program, a specialized division within Briggs & Stratton’s Engines & Power group. Last updated on July 17th, 2020 at 02:24 pm. KPS and Mr. Andrews partnered in 2011 to form International Equipment Solutions, LLC (“IES”). KPS and Mr. Andrews partnered in 2011 to form International Equipment Solutions, LLC ("IES"). News Releases. KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Briggs & Stratton Corporation, Including Equity Of Foreign Subsidiaries By PR Newswire Jul 20, 2020 6:45 AM EDT Read More », Amplify makes standby generator power management smarter The KPS Funds' portfolio companies have aggregate annual revenues of approximately $7.7 billion, operate 146 manufacturing facilities in 26 countries, and have nearly 26,000 employees, directly and through joint ventures worldwide. So when I saw the P2000 PowerSmart generator I knew it was going to be backed by a name I could trust. All Rights Reserved. Briggs & Stratton Enters Into Sale Agreement And Initiates Voluntary Reorganization Under Chapter 11. MILWAUKEE, WI (October 30, 2017) – Briggs & Stratton Corporation announced today that it will move production of its V-Twin Vanguard ™ engines from a joint venture partnership in Japan to its existing manufacturing facilities in Statesboro, Georgia and Auburn, Alabama. Based in Milwaukee, Wisconsin, the company’s brands include Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco and Victa. Read More », Power and Comfort Delivered to the Commercial Mower Market. On July 20, 2020, Briggs & Stratton Corporation announced it was filing voluntary petitions for a court-supervised reorganization under Chapter 11 of the U.S. Bankruptcy Code to address its debt obligations and facilitate the potential sale of the Company. IES became a leading independent manufacturer of attachment tools, operator cabs and other complex fabrications for off-highway applications. Briggs & Stratton launches as a well-capitalized company, unencumbered by over $900 million of its predecessor's legacy obligations, and access to the financial resources required to execute its ambitious business improvement and growth plans. 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