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Sun seals seventh exit of the year through Walbro sale to Carlyle

24 Sep 2012

Global buyout giant Carlyle has picked up air and fuel management and ignition systems company Walbro Engine Management from turnaround specialist Sun Capital Partners.

Sun bought Arizona-based Walbro in March 2007 as part of a corporate carve-out from TI Automotive.

The firm went on to invest more than $35m in capital projects at the company, including developing new technologies for multi-layer fuel tanks and engine management products.

The sale marks Sun’s seventh exit of a portfolio company in 2012. Financial terms of the deal were not disclosed.

Sun Co-CEO Marc Leder said, “Walbro is a recognised leader in advancing technology in the carburetor and fuel management industry with market-leading positions in North America, Europe and Asia, and is well positioned for growth in emerging markets.”

Earlier this month Sun acquired S&N Communications, a regional provider of construction and maintenance services to telecom, cable, natural gas and utility companies.

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