Key Takeaways
- • MPE Partners' portfolio company Intermatic has acquired Sun-Tech, an outdoor lighting-control products maker based in Raynham, Massachusetts, according to PEI Private Equity.
- • Sun-Tech sells more than 1,000 products, including photocontrols, power taps and contactors, sold under three brands.
- • The add-on deal extends Intermatic's presence in outdoor lighting controls, a consumer goods and building-products category.
Summary
Intermatic, a portfolio company of MPE Partners, has added Sun-Tech, an outdoor lighting-control products maker, according to PEI Private Equity. Sun-Tech is based in Raynham, Massachusetts, and sells more than 1,000 products, including photocontrols, power taps and contactors, under three brands.
The transaction is categorized by PEI as an add-on acquisition within the consumer goods sector, with the deal listed in the North American business services and consumer goods coverage. The source report does not disclose the purchase price or other financial terms.
The combination brings Sun-Tech's broad product catalogue of outdoor lighting controls under the Intermatic platform, which is backed by MPE Partners. The addition reflects a buy-and-build strategy in which a sponsor expands an existing portfolio company through complementary acquisitions.
The transaction is categorized by PEI as an add-on acquisition within the consumer goods sector, with the deal listed in the North American business services and consumer goods coverage. The source report does not disclose the purchase price or other financial terms.
The combination brings Sun-Tech's broad product catalogue of outdoor lighting controls under the Intermatic platform, which is backed by MPE Partners. The addition reflects a buy-and-build strategy in which a sponsor expands an existing portfolio company through complementary acquisitions.
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