Who owns Briggs and Stratton?

Publish date: 2024-05-03

Briggs & Stratton Corporation is an American manufacturer of gasoline engines with headquarters in Wauwatosa, Wisconsin. In 1908, inventor Stephen Foster Briggs and investor Harold M. Stratton started an informal partnership to capitalize on the growing automobile industry.

Eventually, Briggs and Stratton settled on manufacturing automotive components and small gasoline engines. In 1919 Briggs & Stratton purchased the manufacturing rights for a small, simple two-seat vehicle with a gasoline engine called the Smith Flyer from the A.O. Smith Company in Milwaukee.

who-owns-briggs-and-strattonWho owns Briggs and Stratton?

On the first anniversary of KPS Capital Partners acquiring Briggs & Stratton, the manufacturer’s president and CEO Steve Andrews emphasized that Briggs is not “just an engine company” and highlighted progress on electrification, battery power, and energy storage.

This sale waives the $900 million that Briggs owed going into bankruptcy. KPS Capital Partners is an American investment company that manages KPS Special Situation Funds, a family of investment funds. KPS specifically invests out of two funds raised in October 2019: KPS Special Situations Fund V and KPS Mid-Cap Fund.

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