Future plans, R&D and product development: How Briggs & Stratton is bouncing back
18 November 2021
One of the very first moves private equity firm KPS Capital Partners made after acquiring Briggs & Stratton from Chapter 11 bankruptcy in late September of 2020 was name Steve Andrews president and CEO.
In handing the reins of the troubled, but still iconic engine and power products manufacturer to Andrews, KPS was banking on experience. Andrews and KPS had partnered in 2011 to form International Equipment Solutions, LLC (IES), which Andrews helped build into a global supplier of machine attachments, cabs and other products for off-highway applications before it was divested by KPS.
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