Golden Gate Capital to acquire DMC Power from Bridgepoint.

Golden Gate Capital, a private equity firm, agreed to acquire DMC Power, a designer and manufacturer of proprietary connector technology systems, from Bridgepoint, a private equity firm. Financial terms were not disclosed. “Thanks to our dedicated team and productive partnership with Bridgepoint, DMC Power has grown rapidly over the past decade and established itself as an industry leader. Our success is reflected in the strong and longstanding relationships we have created with our customers, who have come to value the unmatched quality, service and lead times our platform provides. We are confident Golden Gate Capital is the ideal partner for the next leg of our journey, as their deep industrial expertise and additional development resources will fuel our continued market expansion and ability to serve new and existing customers," Tony Ward, DMC Power CEO.