Sun Capital-backed Aclara Technologies LLC has acquired Tollgrade Communications‘ smart grid business. No financial terms were disclosed.
BOCA RATON, FL – August 12, 2016 – Sun Capital Partners, Inc. (“Sun Capital”) today announced that its affiliated portfolio company, Aclara Technologies LLC (“Aclara”), a world-class supplier of smart infrastructure technologies to water, gas and electric utilities, has acquired the Smart Grid business of Tollgrade Communications, Inc., a global market share leader in the smart grid sensor market. The transaction includes the award-winning LightHouse® distribution monitoring platform comprising Sensors and Sensor Management System (SMS) software with Predictive Grid® Analytics, as well as a broad intellectual property portfolio. Financial terms are not being disclosed.
The addition of the LightHouse platform expands Aclara’s capabilities in distribution grid monitoring. Deployed at some of the world’s leading utilities, the Smart Grid LightHouse platform provides fault detection and location, power quality monitoring and classification of grid events to monitor the health of the distribution grid, make informed decisions and reliably deliver power to their customers. Furthermore, the platform enables grid operators to reach their modernization goals and incorporate renewable energy sources.
“This is an important step forward for Aclara as a leader in smart infrastructure, and the addition of LightHouse’s game-changing platform allows Aclara to grow its industry leadership and expand its solutions to better serve utility customers around the globe,” said Daniel Florian, Principal of Sun Capital. “The acquisition demonstrates continued execution of the Company’s growth strategy following Aclara’s purchase of GE’s electricity meters business in December 2015.
About Sun Capital Partners, Inc.
Sun Capital Partners 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, chemical, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 330 companies worldwide 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, Frankfurt, Stockholm and Shenzhen. For more information, visit www.SunCapPart.com.