USA, New York: Trilantic North America, a private equity firm, announced it has acquired a majority interest in Sunbelt Transformer, a Texas and Pennsylvania-based provider of power solutions, equipment and services from Grey Mountain Partners.
Trilantic North America invested in partnership with Sunbelt’s CEO, Dan Sweeney, and other key members of management to support the company’s next phase of growth, reports Business Wire.
As part of the transaction, Tom Smith, former CEO of MacLean Power Systems, will join the company as Chairman of the Board of Directors.
Trilantic North America previously held a minority interest in MacLean, a provider of power products to utility and industrial markets.
Source: Business Wire