M&A Deal Summary

Hubbell Power Systems Acquires Aclara Technologies

On December 26, 2017, Hubbell Power Systems acquired technology hardware company Aclara Technologies from Sun Capital Partners for 1.1B USD

Acquisition Highlights
  • This is Hubbell Power Systems’ 1st transaction in the Technology Hardware sector.
  • This is Hubbell Power Systems’ largest (disclosed) transaction.
  • This is Hubbell Power Systems’ 4th transaction in the United States.
  • This is Hubbell Power Systems’ 1st transaction in Missouri.

M&A Deal Summary

Date 2017-12-26
Target Aclara Technologies
Sector Technology Hardware
Buyer(s) Hubbell Power Systems
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Morgan Stanley
Stephens Investment Banking (Financial)
Morgan Lewis (Legal)

Target

Aclara Technologies

Hazelwood, Missouri, United States
Aclara Technologies LLC is a utility communications company, designs, develops, and deploys utility management communications systems for water, gas, and electric utilities in the United States and internationally.

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Buyer(S) 1

Buyer

Hubbell Power Systems

Columbia, South Carolina, United States

Category Company
Founded 1994
Sector Electrical Equipment
DESCRIPTION

Hubbell Power Systems, Inc. manufactures transmission, distribution, substation, OEM, and telecommunications products used by utilities.


DEAL STATS #
Overall 5 of 7
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Missouri) 1 of 1
Country (United States) 4 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-30 Electro Composites

Boisbriand,, Quebec, Canada

Electro Composites Inc.engages in the manufacturing and supply of epoxy moulded products for the electric utility industry and its equipment suppliers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Cantega Technologies

Edmonton, Alberta, Canada

Cantega Technologies, Inc. is a provider of engineered turnkey animal mitigation solutions, innovative products, technologies, and services all designed to improve our customer's power systems reliability and profitability. Cantega Technologies, Inc. was established in 2001 and is based in Edmonton, Alberta.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 93 of 127
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 36 of 53
State (Missouri) 3 of 3
Country (United States) 69 of 88
Year (2017) 9 of 9
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 ClearChoice Management Services

Greenwood Village, Colorado, United States

ClearChoice Management Services LLC is a provider of comprehensive administrative and non-clinical services to 31 dental implant centers a network of doctor-owned and operated dental treatment centers providing innovative and quality dental implant care in 22 markets across the United States. ClearChoice Management Services was formed in 2004 and is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Bundy Refrigeration Srl

Borghetto di Borbera, Italy

Bundy Refrigeration is a manufacturer and supplier of fluid carrying cooling system components for the domestic refrigeration industry. Bundy's product line includes evaporators, condensers, and a host of specialty products such as door warmers, heat exchangers and compressor components. With headquarters in Borghetto di Borbera, Italy, Bundy Refrigeration has manufacturing facilities in Italy, Hungary, Spain, Denmark, Brazil and Colombia.

Sell -