Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

October 2011


SunSource Holdings, Inc.
Sale to Littlejohn & Co., LLC


Baird served as the exclusive financial advisor to SunSource


SunSource Holdings, Inc. (“SunSource” or the “Company”), a portfolio company of CHS Capital, LLC (“CHS Capital”), has been acquired by Littlejohn & Co., LLC (“Littlejohn”). Terms of the transaction were not disclosed.

SunSource, headquartered in Addison, Illinois, is North America’s leading independent distributor of fluid power products and systems and provides complementary value-added services including the engineering and design of fluid power systems for OEMs, assembly, repair and technical training. SunSource serves over 13,000 customers through a platform of 36 facilities in the US and Canada, including 20 service and repair centers. SunSource serves customers in the oil and gas, infrastructure, transportation equipment, construction, crane and hoist, agricultural equipment, mining, metals processing, food and beverage, forestry and alternative energy industries.

CHS Capital is a Chicago-based private equity firm with 23 years of experience investing in the middle market. Targeting well-managed companies with enterprise values between $75 million and $500 million, CHS Capital partners with management teams to focus on accelerating growth, enhancing capabilities and resources and positioning companies for attractive exits. CHS Capital has specialized expertise in the Consumer & Business Services, Distribution, and Industrial, Infrastructure & Energy sectors and has completed 74 platform investments and 261 add-on investments. Founded in 1988, CHS Capital has formed five private equity funds and has $2.5 billion of committed capital in active investment funds.

Littlejohn is a private equity firm based in Greenwich, Connecticut. Littlejohn is a control-oriented investor in mid-sized companies, typically those with revenues in the range of $150 million to $800 million. Littlejohn is currently investing from Littlejohn Fund IV, L.P., which has over $1.3 billion in capital commitments.

For additional information about this transaction, please contact:
Managing Director
813.273.8248
Director
813.273.8242
Head of Financial Sponsor Group
312.609.4913
Co-Head of European Investment Banking
+44 (0) 20 7667 8216

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