M&A Deal Summary

Sun Capital Partners Acquires Unico Technologies Group

On December 5, 2018, private equity firm Sun Capital Partners acquired electrical equipment company Unico Technologies Group from Regal Rexnord

Acquisition Highlights
  • This is Sun Capital Partners’ 4th transaction in the Electrical Equipment sector.
  • This is Sun Capital Partners’ 96th transaction in the United States.
  • This is Sun Capital Partners’ 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2018-12-05
Target Unico Technologies Group
Sector Electrical Equipment
Buyer(s) Sun Capital Partners
Sellers(s) Regal Rexnord
Deal Type Divestiture

Target

Unico Technologies Group

Franksville, Wisconsin, United States
Unico Technologies Group designs, engineers and assembles technology-enabled high performance motor control solutions for automation and energy efficiency used in a variety of general industrial applications. Unico Technologies Group is based in Franksville, Wisconsin.

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Buyer(S) 1

Buyer

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 140 of 170
Sector (Electrical Equipment) 4 of 4
Type (Divestiture) 23 of 24
State (Wisconsin) 3 of 3
Country (United States) 96 of 117
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 ELIX Polymers SL

La Canonja, Spain

Elix Polymers SL is a producer of a pre-colored Acrylonitrile-Butadiene-Styrene (“ABS”) and ABS specialty thermoplastic resins which possess high impact and mechanical strength. These plastics are used in the manufacture of high-end consumer goods, consumer electronics, medical devices, and automotive dash-boards.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Tier One Relocation

Weirton, West Virginia, United States

Tier One Relocation is a logistics manager that specializes in household goods moves for military personnel. Tier One Relocation is an outsourced service provider to transportation companies and provides a range of mission-critical services, including order procurement, relocation management, customer service and back-office administration. The Company’s core value proposition is its ability to maximize customer revenue, capacity utilization and provide complete outsourcing of the rigorous department of defense administrative process. Tier One Relocation was founded in 2010 and is based in Weirton, West Virginia.

Buy -

Seller(S) 1

SELLER

Regal Rexnord

Milwaukee, Wisconsin, United States
Category Company
Founded 1955
Sector Electrical Equipment
Employees30,000
Revenue 6.3B USD (2023)
DESCRIPTION
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.

Regal Rexnord is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. Regal Rexnord was founded in 1955 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 2 of 4
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 3
State (Wisconsin) 2 of 3
Country (United States) 2 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Benshaw

Pittsburgh, Pennsylvania, United States

Benshaw designs, develops and manufactures mission critical motor control and protection product solutions for leading original equipment manufacturers (OEMs) and industrial customers.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Hy-Bon Engineering

Midland, Texas, United States

Hy-Bon Engineering Co. Inc. design and fabrication of customized compressor packages for handling low pressure gas streams. Regardless of the application: whether gas from oilfield stock tanks, casinghead gas, field gas collection or biogas from wastewater facilities, digester tanks, landfills or breweries, HY-BON/EDI can design the package required. HY-BON/EDI also designs and manufactures custom compressed natural gas (CNG) packages for municipal applications.

Sell -
Mergr

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