KPS Capital Partners Takes Majority Stake in Jennmar

Tony Calandra, who has steered the organization through a period of rapid growth since 2018, will step down from the top post to join the company's board of directors. During his twenty-two-year tenure, Calandra oversaw an expansion that more than tripled the firm’s size. FalconPoint Partners, an existing shareholder, will continue to hold a significant minority interest in the business.

Dave Webster arrives at Jennmar following a tenure as CEO of CPM Holdings, Inc. His background includes two decades at Electrical Components International, where he scaled operations to 14 countries and reached over $1 billion in revenue. Webster indicated that his immediate priority remains scaling the company’s capabilities while maintaining the safety and quality standards long associated with the Jennmar brand. Calandra expressed confidence in the transition, noting that the company’s core values and family-oriented culture remain central to the strategy under the new leadership.