PITTSBURGH, March 21, 2014: Private equity firm Sun Capital Partners, Inc. announced that one of its affiliates has signed an agreement to acquire Aclara Technologies LLC from ESCO Technologies Inc. The sale is expected to close in March 2014, subject to customary closing conditions and the satisfaction of regulatory requirements.
St. Louis-based Aclara is a leading vendor of Advanced Meter Infrastructure solutions, predominately deployed by U.S. electric, gas and water utilities. Aclara services more than 600 utility customers with over 21 million endpoints deployed. ESCO provides engineered filtration products to the aviation, space and process markets worldwide and is the industry leader in RF shielding and EMC test products.
Morgan Lewis served as Sun Capital’s legal adviser on the transaction led by Business and Finance Practice partner Kimberly Taylor and including associates Nathan Piper and Glen Rectenwald. Also assisting on the transaction were Employee Benefits and Executive Compensation Practice partner John Ferreira, Labor and Employment Practice of counsel Christopher Ramsey, Intellectual Property Practice partners John Zele and Anita Polott, Environmental / Business and Finance partner Judith Walkoff, Tax Practice partner Kenneth Kail and Antitrust Practice partner Harry Robins.
For further information about the transaction, please see Sun Capital Partners’ press release.