Sale to an Affiliate of Sun Capital Partners, Inc.

Industrial
Sale to an Affiliate of Sun Capital Partners, Inc.

Summary

Baird served as the exclusive financial advisor to Regal Beloit Corporation on this transaction

About

Regal Beloit Corporation (“Regal”) (NYSE:RBC) recently announced the sale of its engineered drives and control systems businesses (collectively the “Company”) to an affiliate of Sun Capital Partners, Inc. (“Sun Capital”). Terms of the transaction were not disclosed.

Founded in 1967, the engineered drives business develops and manufactures variable frequency drive systems and other motor control solutions, with a focus on application-specific, highly engineered products. Founded in 1983, the control systems business designs and assembles an extensive line of low and medium voltage starters, variable frequency drive systems and other motor control products serving critical applications within harsh environments. The Company’s solutions are used in motor control systems to enhance user safety, increase energy efficiency, support industrial automation, and reduce operating and maintenance expenses.

Regal is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. The company is comprised of three business segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia.

Sun Capital is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 365 companies worldwide with revenues of approximately $50 billion across a broad range of industries and transaction structures. Sun Capital has offices in Boca Raton, Florida, Los Angeles, California and New York, New York, and affiliates in London, United Kingdom and Shenzhen, China.
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Industrial
Sale to an Affiliate of Sun Capital Partners, Inc.
Date
January 2019
Company
Regal Beloit Corporation's Engineered Drives and Control Systems Businesses
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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