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

0
13

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.

Copyright © 2012 AltAssets