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Herr-Voss Stamco parent company sold

KPS Capital Partners LP announced today that it has sold its portfolio company, Genesis Worldwide II Inc., which it jointly owned with Pegasus Partners II L.P., to HVS Acquisition Inc., an affiliate of Grey Mountain Partners LLC. Genesis II is a designer and manufacturer of metal coil processing equipment under the Herr-Voss Stamco® brand name, provides mill roll services, and operates a repair and spare parts business. Financial terms of the transaction were not disclosed.