American Industrial Partners, a New York-based private equity firm, acquired the Current unit, a leading provider of energy efficiency and digital productivity solutions, of General Electric, an American multinational conglomerate. Financial terms were not disclosed. “GE’s history of innovation, quality, reliability and deep domain expertise is an ideal fit with our investment strategy,” said Eric Baroyan, a Partner of AIP. “We look forward to continuing that legacy by supporting Current’s management team on the key growth initiatives, building upon Current’s extensive product portfolio and leading digital solutions that are helping customers gain energy savings and greater insights into their environment through a sophisticated intelligent ecosystem platform. We are thrilled to partner with Maryrose Sylvester and the leadership team to invest in Current’s industry renowned engineering, manufacturing, digital and supply chain capabilities to capture the significant opportunity of energy efficiency and digitalization ahead of us.”