KPS Capital Partners, LP, a fund focused in equity investments in manufacturing companies, announced that it has acquired C&D Technologies, Inc. a Pennsylvania-based reserve power systems manufacturer with operations in Reynosa, Tamaulipas. Financial terms of the transaction were not disclosed.
C&D, headquartered in Blue Bell, Pennsylvania, manufactures, engineers, supplies and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power.
The Company is a global player in solutions and services for the utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets. The Company operates four manufacturing facilities located in the United States, Mexico and China, and employs approximately 1,400 associates worldwide.
David Shapiro, a Managing Partner of KPS, said, "We are proud to acquire C&D, and look forward to working closely with Chief Executive Officer Armand Lauzon and the Company's management team to aggressively grow the C&D platform both organically and through strategic acquisitions. C&D is now well capitalized, with a strong balance sheet and access to KPS' strategic, operational and financial resources."
Armand Lauzon, Chief Executive Officer of C&D, said, "We are excited to partner with KPS as C&D embarks on its next phase of growth and evolution. C&D strives to provide our customers with unparalleled quality, technology and customer service. KPS shares the same focus and commitment as evidenced by its 26-year history of successfully investing in global manufacturing and industrial businesses."