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“The customer focus, integrity, bias for action and teamwork of our associates around the world have made our products more innovative, expanded our commercial and operational reach, and generated attractive financial performance, all of which makes this IPO possible,” Reynal said. “We and KKR intend this grant to be a celebration of our important business achievements in service of our customers over the last four years, while allowing every single employee of this company to share in our value creation and growth going forward. The steadfast commitment of our employees is what generates the momentum for Gardner Denver to continue to do great things.” “We are passionate about what engaged employees can do and what we can achieve together when everyone is working toward a common goal,” Stavros said. “As a result, we make it a priority with our industrial companies to make every employee an owner in their business. We have accomplished a lot at Gardner Denver and it’s exciting to think about what 6,100 employee-owners all pulling in the same direction will be able to achieve going forward. ” Gardner Denver’s IPO was ultimately priced below the $23 to $26 range it predicted, at $20 per share. Net proceeds are expected to be $781 million. The offering was first announced in securities filings in late February. The company plans to use the proceeds of the public offering to redeem $575 million in 6.875 percent senior notes that were originally related to the KKR acquisition and are due in 2021. Funds will also be used to prepay $335 million in borrowings under the company’s senior secure dollar term loan facility. Gardner Denver was acquired by KKR in July 2013 for $3.74 billion. After the acquisition, former Bucyrus and current Rev Group chief executive Tim Sullivan was named CEO. Sullivan helped move the company’s corporate headquarters from suburban Philadelphia to Milwaukee in 2014 before resigning.