SunSource Being Acquired by Clayton, Dubilier & Rice

PE firm recently bought HD Supply's Waterworks unit.

Private equity firm Clayton, Dubilier & Rice plans to acquire a majority stake in SunSource Holdings, Inc., Addison, IL, a fluid power and motion control distributor in the U.S. and Canada. Terms were not disclosed.

This is the second distribution target for the private equity firm in the last few months. CD&R acquired HD Supply’s Waterworks business unit for $2.5 billion in August; soon after it renamed the company Core & Main.

SunSource does not report revenues, but MDM ranks the company 25th on our Top 40 Industrial Distributors list, with estimated revenues in the $500-million range.

SunSource serves a diverse customer base which includes more than 20,000 original equipment manufacturers and end users of hydraulic and pneumatic equipment.

CD&R has a long history of investing in industrial and electrical distribution platforms dating back to its acquisition of Wesco in 1994. The firm also owns Rexel, Roofing Supply Group, Univar and U.S. Foods.

 “We see a lot of runway ahead for our business,” said David Sacher, President and CEO of SunSource. “We’ve enjoyed much success and growth by building a team of extraordinary associates who relentlessly focus on delivering unique value and solutions to our customers and suppliers, and we look forward to working with the team at CD&R to accelerate these efforts and energize our organization.”

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.