Announced
Completed
Financials
Tags
Diversified Retailers
grocery distributor
Private
Acquisition
Completed
Single Bidder
United States
general merchandise distributor
Majority
Friendly
Private Equity
Synopsis
SunSource, a distributor of fluid power and fluid process components and systems in the U.S. and Canada, completed the acquisition of United Distribution, a distributor of fluid conveyance and related products and services primarily serving maintenance, repair and operations needs across energy, mining and other industrial end markets, from Bain. Financial terms were not disclosed. "UDG shares many core business strengths and cultural values with SunSource, and the GHX and UC businesses are highly complementary with SunSource's existing business and product portfolio. The combined company will occupy a strengthened position in the marketplace, benefiting from increased scale and an enhanced set of organic and inorganic growth opportunities, particularly in the fluid conveyance market. We believe the combination will drive incremental opportunities to create value for our customers, employees and suppliers, while also accelerating growth, profitability improvement and shareholder value creation," David Sacher, SunSource CEO.
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