Sun Capital Partners Affiliate Signs Agreement to Acquire Regal Beloit’s Drive Technologies Businesses
BOCA RATON, Fla., December 5, 2018-- 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.
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