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Sun Capital Partners sells Certified Power Inc to Brinkmere Capital Partners

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March 21
10:54 AM 2014

Private equity firm Sun Capital Partners has exited Certified Power, a statement about the deal said.

An affiliate of Sun Capital sold Certified Power Inc for an undisclosed amount to an affiliate of Brinkmere Capital Partners. Mundelein, Illinois-based Certified Power provides fluid power and power train products to customers in the mobile equipment market, both on and off-highway from its nine locations in the Midwest, the statement said.

In a statement, Sun Capital Co-Chief Executive Officer Marc Leder said, "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. The strategic efforts to enhance the Company's capabilities and solutions have it well-positioned to continue building on its success."

When Certified Power was bought by a Sun Capital affiliate, it ramped up its sales initiatives so that it would be able to increase the customers for its mobile and fluid systems operations. In addition, it was also able to finish the expansion of its facility which would support its growing number of customers and continued to develop fresh and unique solutions, the statement said.

This is the third exit of Sun Capital this year. Last year was a good year for the firm that specializes on leverage buyouts and investments of companies that lead the market as it was able to undertake eight exits and hold two successful public debuts. These transactions gave Sun Capital a record of over $1 billion in realizations for that year, the statement said.

Since Sun Capital was formed in 1995, its affiliates have already backed over 335 firms globally totaling to combined sales of more than $45 billion. It has a worldwide team working from its US offices in Boca Raton, Los Angeles and New York and affiliates located in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen, the statement said.

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