Sun Capital Partners has completed the sale of Certified Power, a distributor of fluid power and power train products, to Brinkmere Capital Partners.
Certified Power is a distributor of fluid power and power train products to the on- and off-highway mobile equipment market. The company will also assist its customers with the design, engineering, service and repair of customized products. Certified Power is headquartered near Chicago in Mundelein, IL and has nine locations throughout the Midwest (www.certifiedpower.com).
Certified Power was acquired by Sun Capital Partners in April 2012. “We are pleased that under our ownership, Certified Power has been able to capitalize on the market opportunity we saw when we acquired the business,” said Marc Leder, Co-CEO at Sun Capital. “The strategic efforts to enhance the company’s capabilities and solutions have it well-positioned to continue building on its success.”
This transaction marks Sun Capital’s third exit of 2014. Last year the firm completed eight exits and two IPOs, leading to more than $1 billion in realizations for the year — a record for the firm.
Sun Capital Partners is focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in-house operating professionals and experience. Sun Capital has invested in and managed more than 335 companies worldwide with combined sales in excess of $45 billion since the firm’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York as well as affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen (www.SunCapPart.com).
Brinkmere is a Southeastern-based private investment firm specializing in acquiring and developing small businesses. The firm was founded in 2012 by Managing Director Russell Beard and is based in Jacksonville, FL (www.brinkmere.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-24-14