Unipower, a JMC Capital Partners portfolio company, has acquired C&D Integrated Power Systems (IPS) from C&D Technologies.
IPS designs and manufactures DC power systems which provide both primary and back-up power for utility and telecom applications. The business was founded in 1976 and is a stand-alone business of C&D Technologies. IPS is headquartered north of Chattanooga in Dunlap, TN (www.cdtechnopwr.com).
Unipower designs, manufactures and markets switching power supplies, front ends, rectifiers, converters, inverters, power systems, high voltage power supplies and military power supplies for datacom, telecom, military, industrial controls, industrial photonics, medical and instrumentation markets. The company is headquartered near Ft. Lauderdale in Coral Springs, FL (www.unipowerco.com).
“We are excited about the potential of the combined company. IPS enjoys a strong reputation and Unipower and IPS customers will benefit from the expanded product selection and design capability that the combined company will offer,” said Michael D’Amelio, Managing Partner of JMC Capital Partners.
JMC Capital Partners invests from $5 million to $15 million in lower-middle market industrial companies that manufacture “intermediate” products (products that are sold to other businesses). Sectors of interest include industrial components and equipment; electrical and electronic equipment; process instrumentation and controls; analytical instruments and measuring devices; fluid control, filtration and pumps; specialty chemicals, adhesives and coatings; plastics and synthetic materials; and healthcare and safety equipment. JMC was founded in 1999 and is based in Boston (www.jmccp.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-14-15
