Sullair Corp. will be purchased by a private-equity group. The unit will be sold as part of Hamilton Sundstrand Corp.'s Industrial business.
BC Partners and The Carlyle Group have formed a limited partnership and will jointly oversee the businesses. the sale will be completed in the fourth quarter.
The Carlyle Group is a 25-year-old investment firm that boasts an array of sophisticated investors, ranging from public and private pension funds to unions and corporations. BC Partners is a 26-yearold worldwide private equity firm that specializes in buyouts and acquisition financing.
According to Henry F. Brooks, President of Sullair Corporation,
“The partnership between Carlyle and BC Partners provides a unique growth opportunity for Sullair,” said Sullair president Henry F. Brooks. “They recognize that our business is a performance leader in our markets with great employees, great products, and vested channel partners. Additional investment in Sullair will enhance our capabilities to compete on a global scale.”