The 2020 Mid-Year Economic Update_long

Actuant Agrees to Sell Electrical Segment for $258M

Actuant will sell the segment to Sentinel Capital Partners.

Actuant Corp. (NYSE: ATU), Milwaukee, WI, has agreed to sell its electrical segment to Sentinel Capital Partners for $258 million in cash. 

In June, Actuant announced that its board of directors authorized a plan to divest the electrical segment to refocus on the remaining businesses and better position the company to take advantage of its core competencies, current business model and global growth trends.

The electrical segment primarily serves the retail do-it-yourself, marine, industrial OEM and wholesale electrical markets with a variety of products under the Gardner Bender, Marinco, Mastervolt, Acme and Turner Electric brands. In fiscal 2013, it had sales of about $300 million. The segment employs about 1,000 and operates from six locations globally, with headquarters in Menomonee Falls, WI.

The transaction is expected to close within 45 days.

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.

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

0

articles left

This is your last free article

Subscribe to MDM Premium today and 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

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.