Sun Capital Partners Acquires Aclara Technologies
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Sun Capital Partners Acquires Aclara Technologies

aclara nf1Sun Capital Partners has entered into an agreement to acquire Aclara Technologies from ESCO Technologies.

Aclara is a provider of Advanced Meter Infrastructure (“AMI”) products and services that are predominately deployed by US electric, gas and water utilities. AMI includes the two-way communication device within a meter, as well as the supporting network infrastructure for “smart” meters that allow utilities to remotely extract real-time consumption data. Aclara services more than 600 utility customers with over 21 million endpoints deployed. The company is the leading power line carrier vendor in the electric AMI market; ranks first in cumulative AMI units sold to fixed network gas utilities, including PG&E and SoCalGas; and manages some of the largest water AMI installations in North America, including New York City, Washington, DC, San Francisco, Boston Water & Sewer and Toronto, Canada. The company is headquartered in St. Louis (www.aclaratech.com).

leder nf2“Aclara is a strong organization that is well suited to capitalize on future opportunities as a standalone business,” said Marc Leder, Co-Chief Executive Officer at Sun Capital. “We look forward to working with management, as our deep experience in transitioning successful corporate subsidiaries into thriving independent enterprises will enable Aclara to build on its leading market position.”

Sun Capital Partners is a private investment firm 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 330 companies worldwide with combined sales in excess of $45 billion since the firm’s inception in 1995. The firm 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).

© 2014 PEPD • Private Equity’s Leading News Magazine • 3-17-14

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