Wabash Technologies has been sold to Sensata Technologies
Lincoln International (“Lincoln”), a leading global mid-market investment bank, today announced that an affiliate of Sun Capital Partners, Inc. (“Sun Capital”) has sold Wabash Technologies (“Wabash” or the “Company”) to Sensata Technologies Holding N.V. (NYSE:ST; “Sensata”). Terms of the acquisition were not disclosed. Lincoln acted as the exclusive financial advisor to Wabash.
Headquartered in Troy, Michigan, with additional operations in Huntington, Indiana; Mexicali, Mexico; and Swindon, U.K., Wabash is a leading designer and manufacturer of speed sensors, position sensors, actuators and ETC pedals. The Company’s customer base includes major original equipment manufacturers and Tier 1 system suppliers serving the automotive, commercial vehicle and off-highway vehicle markets. Wabash specializes in customized, highly engineered products designed to improve fuel economy and lower vehicle emissions.
Lincoln advised the Company in connection with the marketing, negotiation and due diligence phases of the transaction and worked closely with Wabash’s management team and shareholders throughout the sale process. “Lincoln executed a highly competitive sale process involving a thoughtful and logical group of potential strategic acquirers, which delivered outstanding value and terms to Wabash’s shareholders,” said Jason Neimark, Managing Director at Sun Capital.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a pioneer in private equity investing, uniquely combining the financial skills and resources of a traditional private equity firm with the insight and expertise of a world-class operating team. The firm focuses on market-leading companies that can benefit from the firm’s in-house professionals, resources and expertise in their efforts to materially improve operating performance. Sun Capital affiliates have invested in more than 330 companies worldwide with combined sales in excess of $45 billion since our inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen. For more information, visit www.SunCapPart.com.
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