Announced
Financials
Tags
United States
Private
vehicle components
Acquisition
Auto Parts
Private Equity
Friendly
Majority
Completed
Synopsis
Kohlberg & Co-backed Stanadyne, a global fuel and air management systems supplier based in Connecticut, completed its acquisition of Pure Power Technologies, a manufacturer of OEM and aftermarket diesel fuel injectors, turbochargers and EGR valves for commercial and off-road vehicles, from Kensington Capital Partners and The Smithfield Group. Financial terms were not disclosed. "The combination of Pure Power and Stanadyne creates a powerful OEM and aftermarket supplier of complete fuel systems, with market-leading technology in diesel fuel injectors and high-pressure fuel pumps. Pure Power was viewed as a non-core business at Navistar. We viewed it as a unique investment opportunity and have grown the business substantially by investing capital to add new customers, products, and employees." Justin Mirro, Kensington President, and Pure Power former Chairman.
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