According to a report from the Milwaukee Business Journal, KPS Partners have replaced Todd Teske with Steve Andrews, who "led KPS Capital Partners’ portfolio company International Equipment Solutions LLC."

The United Steelworkers union represents about 330 employees at Briggs and the terminations will total about 185 of them, the company said.

Some of Briggs’ businesses align with and complement Generac product lines, including power generators, light towers, heaters and commercial lawn and garden products, Generac said.

Under the terms of the agreement, an affiliate of KPS formed for purposes of this transaction has agreed to acquire substantially all of the Company's assets and assume certain customer, employee and vendor liabilities, and it would act as the stalking-horse bidder through a court-supervised sale process.

Briggs & Stratton’s 30-day grace period on a $6.7 million interest payment expired on July 15, 2020, however the company has received a 4-day extension on its revolving credit agreement according to an 8-K filing with the U.S. Securities and Exchange Commission.

In March, Briggs & Stratton announced plans to divest its turf product lines, which includes lawn and garden and turf care equipment sold under the Ferris, Billy Goat, Simplicity, Snapper, and Snapper Pro brands.

According to a report from the Milwaukee Journal Sentinel, as part of the company's moving of some production to New York from its Wauwatosa, Wis., facility, 208 employees will be laid off at the end of August.

In March, Briggs & Stratton announced plans to divest its turf product lines, which includes lawn and garden and turf care equipment sold under the Ferris, Billy Goat, Simplicity, Snapper and Snapper Pro brands.

According to a report from the Milwaukee Journal Sentinel, Briggs & Stratton plans to move some production from its Wauwatosa, Wis., facility to New York by the end of August. This includes production of its lawn tractor and residential zero-turn mower.

According to a recent filing with the Securities and Exchange Commission, Briggs & Stratton opted to not make a $6.7 million interest payment and instead the board of directors voted to pay executives and other key employees more than $5 million in cash retention awards