MPE Partners Makes Strategic Investment in Intermatic Solutions
MPE Partners Makes Strategic Investment in Intermatic Solutions
MPE Partners, known for backing family-owned businesses, has made a noteworthy investment in Intermatic, LLC, a leader in energy management solutions. This family-owned company specializes in designing and manufacturing electrical and mechanical controls. Over its extensive history of more than 130 years, Intermatic has built a strong reputation among electrical contractors for its commitment to quality, innovation, and customer satisfaction. This new partnership marks an exciting phase for both MPE and Intermatic as they look towards future growth and innovation.
Intermatic's Impact and Leadership
The investment in Intermatic positions it for continued success under the guidance of President and CEO Rick Boutilier. Rick articulated the advantages of partnering with MPE, highlighting their deep understanding of family businesses and their proven history in supporting accelerated growth. He emphasized that this collaboration represents a critical turning point for Intermatic, enabling them to enhance their offerings while staying true to their mission of providing reliable and innovative energy management solutions.
Growth through Partnership
Constantine Elefter, a partner at MPE, expressed his enthusiasm for working with Intermatic, recognizing its rich legacy and dedication to continuous improvement. He noted that Intermatic’s commitment to product innovation and manufacturing excellence aligns perfectly with MPE's strategic vision. Lukas Sontich, Vice President at MPE, echoed these sentiments, highlighting the potential for further growth through complementary acquisitions that enhance Intermatic’s product line within the electrical sector.
Financing and Legal Support for the Transaction
The transactional financing was provided by CIBC US and Manulife Investment Management, ensuring that both companies are well-positioned for the future. Legal counsel for MPE was adeptly handled by Jones Day, ensuring that the investment moves forward smoothly with all necessary legal backing. Although specific terms of the transaction have not been disclosed, the strategic implications are clear—this partnership is set to bolster Intermatic's market position significantly.
About Intermatic
Intermatic operates out of Libertyville, Illinois, while maintaining facilities in El Paso, Texas, and Juarez, Mexico. The firm is recognized as a global frontrunner in energy management solutions, delivering high-quality products designed for a variety of applications—from general and outdoor lighting to HVAC systems and pool solutions. Intermatic stands firm on its core values, ensuring that quality and innovation guide every aspect of its operations, providing comprehensive solutions across numerous sectors including residential, commercial, and industrial markets.
About MPE Partners
MPE Partners, established to be the go-to partner for family-owned enterprises, is proud to invest in profitable lower middle-market companies, particularly those reporting robust EBITDA figures ranging between $8 million and $40 million. With a focus on high-value manufacturing and commercial services, MPE is driven by a commitment to business success through strategic partnerships. Their vision remains clear: to empower companies to scale new heights by utilizing their expertise and resources effectively.
Frequently Asked Questions
What is MPE Partners known for?
MPE Partners specializes in investing in family-owned and entrepreneur-led companies, prioritizing those in the lower middle market.
What does Intermatic focus on?
Intermatic is dedicated to energy management solutions, creating electrical and mechanical controls for a variety of applications, including lighting and HVAC systems.
Who will lead Intermatic after the investment?
Rick Boutilier will continue to serve as President and CEO, leading the company into its next growth phase.
What are the anticipated benefits of this partnership?
This partnership is expected to enhance Intermatic's growth, promote product innovation, and expand their market presence through potential acquisitions.
Where is Intermatic headquartered?
Intermatic is headquartered in Libertyville, Illinois, with additional facilities in Texas and Mexico, solidifying its position in the global market.
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