BOCA RATON, Fla.–(BUSINESS WIRE)–Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment
firm specializing in leveraged buyouts and investments in market-leading
companies, today announced that its affiliate has signed a definitive
agreement to acquire the drive technologies businesses (collectively,
the “Company”) of Regal Beloit Corporation (NYSE:RBC). The acquired
businesses design, engineer and assemble technology-enabled, high
performance motor control solutions for industrial applications.
Founded in 1967, the engineered drives business develops and
manufactures variable frequency drive systems and other motor control
solutions, with a focus on application-specific, highly engineered
products. Founded in 1983, the control systems business designs and
assembles an extensive line of low and medium voltage starters, variable
frequency drive systems and other motor control products serving
critical applications within harsh environments. The Company’s solutions
are used in motor control systems to enhance user safety, increase
energy efficiency, support industrial automation, and reduce operating
and maintenance expenses.
“The acquired motor control solutions platform is a great fit in our
portfolio, and in line with Sun Capital’s experience investing in both
corporate carve-outs and industrial companies,” said Marc Leder, Co-CEO
of Sun Capital Partners. “We see enormous potential in these businesses,
and will provide the support and resources needed to grow them into a
successful, stand-alone company.”
The variable frequency drives and control systems engineered by the
Company have end uses in a broad range of applications. These devices
manage the speed, timing and torque of electric motors, and are an
integral component in wide ranging industrial machinery.
“We’re impressed by the people, products and strategy in place at the
Company,” said Jeremy Stone, Managing Director at Sun Capital Partners.
“We look forward to partnering with the highly talented management team
to accelerate the Company’s success.”
Sun Capital affiliates have made successful investments in a wide
variety of industrial businesses including Aclara, a leading provider of
Advanced Meter Infrastructure (“AMI”) solutions; Critical Flow, a
leading valve producer and servicer to the petroleum refining industry;
and Robertshaw, a global leader in thermal, flow, and control management
products and solutions.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a global private equity firm focused on
identifying companies’ untapped potential and leveraging its deep
operational and financial resources to transform results. Sun Capital is
a trusted partner that is recognized for its investment and operational
experience, including particular expertise in the consumer products and
services, food and beverage, industrial, packaging, chemicals, building
products, automotive, restaurant and retail sectors. Since 1995, Sun
Capital has invested in more than 365 companies worldwide with revenues
of approximately $50 billion across a broad range of industries and
transaction structures. Sun Capital has offices in Boca Raton, Los
Angeles and New York, and affiliates in London and Shenzhen.