Warburg Pincus Completes Acquisition of Sundyne
The Partnership of Sundyne’s Technological Expertise with Warburg Pincus’ Financial Resources Helps Sundyne Accelerate Growth & Enhance Opportunities
Sundyne, a global leader in the design and manufacture of API compliant pumps and compressors, today announced that leading global private equity firm Warburg Pincus has completed the acquisition of Sundyne, from BC Partners Advisors L.P. and The Carlyle Group.
This acquisition was initially announced on January 6, 2020. Financial terms of the transaction were not disclosed. As stated in January, Sundyne’s current management team led by CEO Mark Sefcik, will continue under Warburg Pincus’ ownership.
“Warburg Pincus’ and Sundyne’s interests align perfectly, and there is no better financial partner for Sundyne than Warburg Pincus,” said Chief Executive Officer Mark Sefcik. “All of our channel partner agreements remain in place and all of our product brand names remain. We have already jointly-identified a number of ways in which Warburg Pincus can help Sundyne accelerate growth and enhance opportunities for our customers, channel partners and employees.”
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Sundyne and Warburg Pincus have launched a 90-day transition period to formally identify areas of opportunity for developing and funding strategic initiatives that will broaden product offerings and enhance customer services globally.
Sundyne was advised by Morgan Stanley & Co. LLC and Latham & Watkins LLP. Warburg Pincus was advised by CitiBank and Cleary Gottlieb Steen & Hamilton LLP.
