Sun Capital Partners today announced that it has signed an agreement to acquire the Enterprise Wireless Communications business of Polycom, Inc. (NASDAQ: PLCM) operating under the SpectraLink and KIRK telecom brands. The transaction is valued at approximately $110 million.
“The acquisition of the SpectraLink and KIRK telecom brands highlights Sun Capital’s interest in acquiring platform businesses within the broader technology sector,” said Marc Leder, Co-Chief Executive Officer at Sun Capital Partners. “With this investment we see a tremendous opportunity to apply our deep experience in assisting management teams in building corporate carve-outs into market leaders.”
Enterprise Wireless Communications is a provider of enterprise on-site mobile communication solutions—including handsets, infrastructure, accessories and services—using Wi-Fi, DECT, and proprietary wireless networks. The company’s wireless telecommunications products are used by customers that employ non-deskbound workers, including companies in the healthcare, hospitality, retail, warehousing and manufacturing sectors. The US headquarters of the company will remain in Westminster, CO, and the European operations will continue to be based in Horsens, Denmark.
Sun Capital Partners is a private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 295 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, FL; Los Angeles, CA; and New York, NY as well as affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen (www.SunCapPart.com).