The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. 84.55% of the stock of Briggs & Stratton is held by institutions. Find the latest Briggs & Stratton Corporation (BGGSQ) stock quote, history, news and other vital information to help you with your stock trading and investing. Although Stratton’s grandfather, Harold Stratton, was co-founder of the company, Fred Stratton didn’t grow up in the company. ET Briggs & Stratton Corp. is getting new executive leadership as the company prepares for its impending sale to global private equity firm KPS Capital Partners. Sales 03301 23 98 50 Service 03301 23 98 23 Hire 0800 26 26 81 CONTACT US 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… Percentage Held by Institutions. Company's 52-week high was at $12.50. 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. About Briggs & Stratton With over 110 years of experience, Briggs & Stratton is trusted by millions of people around the globe and backed by the largest service network in the industry. 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. 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. “The company has a new owner, a new CEO, a new board of directors and a renewed focus. Briggs & Stratton also named Steve Andrews president and CEO of Briggs & Stratton effective immediately. Briggs & Stratton has been exploring "multiple options" over the past several months, … Viewing 1-10 of 142 . Briggs & Stratton Corp. adjusts its operations as the COVID-19 pandemic continues, reducing operation in some manufacturing facilities and temporarily shutting down others. 52-week low: $1.50. 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. KPS and Andrews partnered in 2011 to form International Equipment Solutions LLC. 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. Share this article. BASCO News. Only 7.60% of the stock of Briggs & Stratton is held by insiders. Finding the right dealer is key to getting the right help. Price action over last quarter: down 44.14%. Briggs & Stratton Corporation designs, manufactures, markets, and services air cooled gasoline engines for outdoor power equipment. Shiely was an Arthur Anderson tax accountant before his Briggs & Stratton employment. Its engines are used in lawnmowers, pressure washers, electrical generators and … Company Profile. 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. Briggs and Stratton BGG company news, announcements, releases, reports results & notices 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. The company … KPS and Andrews have a history of working together to create, operate and grow world-class businesses. 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 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. Proud Past, Promising Future: A New Briggs & Stratton. In the past three months, Briggs & Stratton insiders have not sold or bought any company stock. 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 … It also markets and sells related service parts and accessories for its engines. Briggs & Stratton, LLC Sep 22, 2020, 10:30 ET . 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 … Its engines are used in lawnmowers, pressure washers, electrical generators and … The company will be re-organized and hopefully, return to profit. Percentage Held by Insiders. He came to it after several years working in private equity with Robert Baird. 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 Based in Milwaukee, Wisconsin, the company’s brands include Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco and Victa. Briggs & Stratton is the world’s largest producer of gasoline engines for outdoor power equipment. Briggs & Stratton believes this process will benefit its employees, customers, channel partners, and suppliers, and best positions the Company for … Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The company was founded in Milwaukee in 1908 by Stephen Foster Briggs and Harold M. Stratton. News provided by. Learn More > Commitment to the Community. KPS, with approximately $11.5 billion of assets under management, works to advance the strategic position, competitiveness and … Learn More. The news sent the stock tumbling 30% premarket Monday. Choose the product category that fits your unit to find the best dealer near you. October 27, 2020. This is the news source for Briggs Equipment UK Ltd, giving the very latest about our company. So while bankruptcy is certainly bad for Briggs & Stratton, it isn't the end. Shares of Briggs & Stratton are now down about 75% over the past 12 months, and could be nearing a bottom. Foster Briggs and Harold M. Stratton service 03301 23 98 50 service 03301 23 98 50 service 03301 98... 2020, 10:30 ET find the best dealer near you 22, 2020, 10:30 ET Past Promising! Accountant before his Briggs & Stratton employment by institutions Milwaukee in 1908 by Stephen Foster Briggs and Harold Stratton. 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