Company Provides Full Menu of Products and Service to Variety of Industrial End Markets
Boca Raton, FL - Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has acquired Certified Power, Inc., a premier U.S. value-added distributor and service provider of fluid power systems and torque transfer products, from Northstar Capital and Company management.
Terms of the transaction were not disclosed.
Certified Power designs, distributes, and assembles fluid power system and torque transfer products for the movement of power applications on a variety of vehicles, including snow plows, dump trucks, skid steers and concrete mixers. It has a diverse, blue-chip customer base across a variety of end markets that include the truck equipment, mobile equipment, construction, industrial machinery, and energy sectors.
Certified Power also provides a broad service and repair offering for related products and has nine facilities across the Midwest. The company is headquartered in the Chicago area. "Certified Power is an established player with differentiated, market-leading capabilities," said Jeff Magny, Vice President at Sun Capital Partners. "We are excited for continued operational improvement and believe there are tremendous opportunities for organic growth and accretive add-on acquisitions."
Sun Capital has deep experience with companies in the industrial and distribution sectors. Sun Capital's current affiliated portfolio companies in this sector includes NFP Steering DriveSol, a Brazilian designer and manufacturer of steering columns and assembly components for automobile manufacturers; and Wabash Technologies, a designer and manufacturer of sensor and actuator products for the automotive, heavy-duty truck and off-highway sectors. In March, the firm successfully sold affiliated portfolio companies Fluid Routing Solutions, a designer and manufacturer of fuel management systems and hose extrusion products for major automotive and industrial OEMs; and Raybestos Powertrain LLC, a leading manufacturer and supplier of transmission-related products.
Certified Power, Inc. is a distributor, designer, and assembler of hydraulic, pneumatic and electronic components and controls for both industrial and mobile applications and is a manufacturer of OEM driveshaft and precision power train components. Headquartered in the Chicago area with locations throughout the Midwest, the Certified Power Companies have decades of fluid power, controls and manufacturing experience to serve the needs of customers. For more information, please visit www.certifiedpower.com.