Sun Capital Partners affiliate will acquire Aclara Technologies

Sun Capital Partners Inc. announced on Monday, March 17, that one of its affiliates has entered into a definitive agreement to acquire Aclara Technologies LLC from ESCO Technologies Inc. (NYSE: ESE).

Aclara provides advanced meter infrastructure (“AMI”) solutions, predominately deployed by U.S. electric, gas and water utilities. AMI includes the two-way communication device within a meter, as well as the supporting network infrastructure for smart meters that allow utilities to remotely extract real-time consumption data and interact with their customers. By upgrading to AMI, utilities can at a minimum lower their costs by eliminating the need for manual readings, as well as improve the efficiency of their networks.

Additionally, Aclara’s software services solution enables a wide variety of customer programs through print and electronic communications and a rich online and mobile customer experience. These comprehensive customer engagement technologies allow customers to better understand their energy needs in real time, fueling greater cost-efficiency and conservation.

Headquartered in St. Louis, Missouri, Aclara services more than 600 utility customers with over 21 million endpoints deployed. The company is a leading power line carrier vendor in the electric AMI market; ranks first in cumulative AMI units sold to fixed network gas utilities, including PG&E and SoCalGas; and manages some of the largest water AMI installations in North America, including New York City, Washington, D.C., San Francisco, Boston Water & Sewer and Toronto, Canada.

“Aclara is a strong organization that is well suited to capitalize on future opportunities as a standalone business,” said Marc Leder, co-chief executive officer at Sun Capital. “We look forward to working with management, as our deep experience in transitioning successful corporate subsidiaries into thriving independent enterprises will enable Aclara to build on its leading market position.”

About Sun Capital Partners Inc.

Sun Capital Partners Inc. is a pioneer in private equity investing. The firm focuses on market-leading companies that can benefit from its in-house professionals, resources and expertise to materially improve operating performance. Sun Capital affiliates have invested in more than 335 companies worldwide with combined sales in excess of $45 billion since its inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs