Stephen Andrews, who had been CEO of another KPS company, International Equipment Solutions, has been named CEO and president of the veteran engine manufacturer based in Milwaukee, Wisconsin in the US. Stephen Andrews, who had been CEO of another KPS company, International Equipment Solutions, has been named CEO and president of Briggs & Stratton Corp. Stephen Andrews. KPS and Andrews have a history of working together to create, operate and grow world-class businesses. Looking to read what's new with Briggs & Stratton? So while bankruptcy is certainly bad for Briggs & Stratton, it isn't the end. The Wauwatosa-headquartered company, which was $581 million in debt as of Dec. 31, has until July 15 to make its skipped interest payment, or else it will default on its credit, according to the Journal Sentinel. Company's 52-week high was at $12.50. Choose the product category that fits your unit to find the best dealer near you. We are the world's largest small engine producer, the number one marketer for pressure washers, and a leading manufacturer of power generation, lawn and garden turf care and job site products. 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 company with a 113-year legacy, also has a new beginning.. Steve Andrews assumed the position of Briggs & Stratton's President and CEO just over a month ago after most recently serving as CEO of International Equipment … Briggs and Stratton BGG company news, announcements, releases, reports results & notices Percentage Held by Insiders. The company … Briggs & Stratton ® dealers are certified and specialize in selling or servicing our different product types. KPS, with approximately $11.5 billion of assets under management, works to advance the strategic position, competitiveness and … Proud Past, Promising Future: A New Briggs & Stratton. The news sent the stock tumbling 30% premarket Monday. Based in Milwaukee, Wisconsin, the company’s brands include Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco and Victa. Briggs & Stratton, LLC Sep 22, 2020, 10:30 ET . BASCO News. The Company centers it's giving efforts predominantly around three core initiatives - Education, Community Enrichment and Cultural Assets - in order to be purposeful in its giving and have a deeper impact through employee involvement. By way of background, Briggs & Stratton (OTCPK:BGGSQ) filed for Chapter 11 on July 20, 2020 with KPS Capital Partners as the stalking horse bidder for substantially all of the company… ET He came to it after several years working in private equity with Robert Baird. Shiely was an Arthur Anderson tax accountant before his Briggs & Stratton employment. 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. 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 company with a 113-year legacy, also has a new beginning.. Steve Andrews assumed the position of Briggs & Stratton’s President and CEO just over a month ago after most recently serving as CEO of International Equipment … “The company has a new owner, a new CEO, a new board of directors and a renewed focus. Briggs & Stratton Bankruptcy: BGG Stock Halts Trading as Company Files Chapter 11 investorplace.com - July 20 at 3:42 PM: Briggs & Stratton enters into $550M sales agreement with KPS Capital, files Chapter 11 reorganization www.bizjournals.com - July 20 at 1:24 PM: Briggs & Stratton Plunges on Chapter 11, Pact With KPS Partners Briggs & Stratton Corporation designs, manufactures, markets, and services air cooled gasoline engines for outdoor power equipment. The problem for bargain hunters is, as the company … Its engines are used in lawnmowers, pressure washers, electrical generators and … Briggs & Stratton has filed a motion with the United States Bankruptcy Court for the Eastern District of Missouri seeking the designation of KPS as the stalking horse bidder in a sale motion as part of the Company’s filing of voluntary petitions under Chapter 11 of the Bankruptcy Code today. He succeeds Todd Teske, who had been chairman, president and CEO since 2010 and had served in other senior management positions after joining the company in 1996. Sales 03301 23 98 50 Service 03301 23 98 23 Hire 0800 26 26 81 CONTACT US Briggs & Stratton is going to pay its CEO $1.2 million when the stock has gone down over 90% since he's taken over, and the poor performance of the company … 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. Briggs & Stratton also named Steve Andrews president and CEO of Briggs & Stratton effective immediately. The company opened a 552,000-square-foot factory in … 52-week low: $1.50. Learn More. Briggs & Stratton Corp. adjusts its operations as the COVID-19 pandemic continues, reducing operation in some manufacturing facilities and temporarily shutting down others. The company was founded in Milwaukee in 1908 by Stephen Foster Briggs and Harold M. Stratton. Its engines are used in lawnmowers, pressure washers, electrical generators and … The company will be re-organized and hopefully, return to profit. News provided by. Briggs & Stratton Corp. is getting new executive leadership as the company prepares for its impending sale to global private equity firm KPS Capital Partners. In the past three months, Briggs & Stratton insiders have not sold or bought any company stock. Briggs & Stratton is the world’s largest producer of gasoline engines for outdoor power equipment. It also markets and sells related service parts and accessories for its engines. Find the latest Briggs & Stratton Corporation (BGGSQ) stock quote, history, news and other vital information to help you with your stock trading and investing. 84.55% of the stock of Briggs & Stratton is held by institutions. Share this article. The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. 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. Only 7.60% of the stock of Briggs & Stratton is held by insiders. Learn More > Commitment to the Community. October 27, 2020. Percentage Held by Institutions. The company was founded in Milwaukee in 1908 by Stephen Foster Briggs and Harold M. Stratton. KPS and Andrews partnered in 2011 to form International Equipment Solutions LLC. Briggs & Stratton shares jump 5% premarket on news of strategic overhaul to refocus on power business Published: March 6, 2020 at 7:15 a.m. Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. Find the latest news from the Company here. Although Stratton’s grandfather, Harold Stratton, was co-founder of the company, Fred Stratton didn’t grow up in the company. This is the news source for Briggs Equipment UK Ltd, giving the very latest about our company. Briggs & Stratton believes this process will benefit its employees, customers, channel partners, and suppliers, and best positions the Company for … Finding the right dealer is key to getting the right help. MILWAUKEE, Sept. 22, 2020 /PRNewswire/ -- Briggs & Stratton, a recognized global leader in … Shares of Briggs & Stratton are now down about 75% over the past 12 months, and could be nearing a bottom. Briggs & Stratton has been exploring "multiple options" over the past several months, … Company Profile. Price action over last quarter: down 44.14%. 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