KPS Capital Partners

One of the most popular sports during the COVID-19 pandemic and immediately after was golf. The sport that requires minimal person-to-person contact and can be done through social distancing saw a surge in demand not seen since 1997. A transaction in the industry shows strength in demand and...

Baker Hughes (NYSE: BKR) announced Friday that it has agreed to sell its Lufkin rod lift business to private equity fund manager KPS Capital Partners, LP for an undisclosed sum. Reuters reports the unit would likely be valued in the $200-million range. Lufkin rod provides technologies, equipment...