Sale to SunSource Holdings, Inc.

Industrial
Sale to SunSource Holdings, Inc.

Summary

Baird served as exclusive financial advisor to United Distribution Group, Inc. on this transaction

About

United Distribution Group, Inc. (“UDG” or the “Company”), a portfolio company of Bain Capital Credit, LP (“Bain Capital Credit”), was recently acquired by SunSource Holdings, Inc. (“SunSource”), a portfolio company of Clayton, Dubilier & Rice, LLC (“CD&R”).

UDG is a leading distributor of fluid conveyance and related products and services primarily serving maintenance, repair and operations (“MRO”) needs across energy, mining and other industrial end markets. With a national footprint serving high-growth, necessarily local energy markets, UDG combines a comprehensive product offering of over 140,000 SKUs with a suite of value-added services. UDG is headquartered in Bristol, Tennessee.

Founded as Sankaty Advisors in 1998, Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities.

SunSource is a leading distributor of fluid power and fluid process components and systems in the United States and Canada. As a technically-focused distributor, SunSource serves as an extension of its customers’ design and engineering teams and its suppliers’ sales forces, delivering innovative solutions that lower total costs and streamline supply chains. SunSource operates through four highly focused strategic business units that provide tailored solutions for the unique needs of its Industrial, Mobile, Service & Repair and Process Solutions customers. SunSource is headquartered in Addison, Illinois.

Founded in 1978, CD&R is a private investment firm. Since inception, CD&R has managed the investment of over $26 billion in 81 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion.
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Industrial
Sale to SunSource Holdings, Inc.
Date
August 2018
Company
United Distribution Group, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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