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Private equity firm Littlejohn & Co., Greenwich, CT, will auction off fluid power distributor SunSource Holdings Inc., Addison, IL, and sealing and anti-vibration systems manufacturer Henniges Automotive Holdings, Auburn Hill, MI, according to a report from Reuters.
Citing “people familiar with the matter,” Reuters said both companies have annual earnings before interest, tax, depreciation and amortization of around $70 million and could each be valued at more than $600 million in a sale, including debt.
Littlejohn acquired SunSource Holdings, No. 3 on MDM's list of top fluid power distributors, in 2011 and Henniges Automotive in 2010.