US, New York: Trilantic North America announced that it has acquired a majority interest in Sunbelt Transformer, a provider of power solutions, equipment, and services to commercial, industrial and utility end markets, 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.
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.
Sunbelt was founded in 1981 and provides its customers with timely, flexible and customized equipment solutions through multiple channels, including new, remanufactured and rental product offerings. In addition, the Company provides associated technical testing, repair, maintenance and installation services. Since its founding, Sunbelt has grown to over 150 team members across 10 locations in the US.
Source: Trilantic North America