Certified Power services the on- and off-highway mobile equipment market and partners with its customers in the design, engineering, service and repair of customized products.
After it was backed by Sun, Certified Power increased its sales efforts to achieve customer growth in both the mobile and fluid systems businesses.
It also completed a facility expansion effort to support customer growth.
The deal marked Sun’s third exit of 2014. Last year Sun completed eight exits and two successful IPOs, leading to more than $1 billion in realizations for the year, which set a new record for the firm.
Sun Capital co-CEO Marc Leder said, “We are pleased that under our ownership, Certified Power has been able to capitalize on the market opportunity we saw when we acquired the business.
“The strategic efforts to enhance the company’s capabilities and solutions have it well-positioned to continue building on its success.”
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