Functional Devices Switches Sponsors

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Private Equity

Functional Devices Switches Sponsors

peprofessional

4 months ago

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Shorehill Capital has sold Functional Devices, a maker of electronic components used in building automation systems, to L Squared Capital Partners. Shorehill acquired the company, its third investment in building automation controls, in December 2018 in partnership with the company’s senior management team and its owner, Ken Rittmann.

Functional Devices (FDI) is a manufacturer of relays, power supplies, transformers, sensors, enclosures, and wireless devices that are used in the HVAC, buildin...

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