Littlejohn Puts SunSource, Henniges Automotive Up For Sale

Both companies have annual earnings of around $70 million and could each be valued at more than $600 million in a sale.

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Reuters has reported that Greenwich, Conn.-based private equity firm Littlejohn & Co. is running two separate auctions to sell SunSource Holdings and Henniges Automotive Holdings, whose collective value exceeds $1.2 billion including debt, according to people familiar with the matter.

SunSource, based in Addison, Ill., is a distributor of fluid power and motion control components and systems for industrial processes, while Auburn Hills, Mich.-based Henniges is a supplier of sealing and anti-vibration systems for the automotive market.

Reuters' sources said both companies have annual earnings of around $70 million and could each be valued at more than $600 million in a sale.

Littlejohn acquired Henniges in 2010 from private equity firm Wynnchurch Capital Partners for an undisclosed amount. One year later, Littlejohn acquired SunSource from buyout firm CHS Capital LLC.

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