Jan 01, 2020, 09:45 /Comserve / -- The leading private equity firm is ready to sell ECM Industries, a provider of wide range of products for electrical applications
Genstar Capital, one of the prominent private equity firms, announced the sale of its strategic asset, ECM Industries, a company that offers various tools and consumables for harsh environment and electrical usage. ECM Industries deals with branded and high valued products belonging to industries such as lighting, construction, irrigation, maintenance, gas utility and landscape supply. Further, more than 3,000 SKUs are offered by the company across numerous applications to professionals and other users.
Genstar Capital mainly focuses on investments made in certain segments including financial services, industrial technology, healthcare, and software industries. The organization acquired Power Products LLC in 2016, which consisted of the ECM as a part of it. In 2018, Genstar sold the Global Marine and Mobile segment of Power Products to another company, Brunswick Corporation. However, Genstar continued holding the ownership of the Electrical Construction and Maintenance division of Power Products which was renamed ECM Industries later.
According to Rob Rutledge, the Managing Director at Genstar, the sale of ECM Industries has been completed successfully to Sentinel Capital Partners. This was achieved as a result of multi-year strategic plans of the company to expand ECM in order to make it an individual platform.
ECM’s leading brand portfolio consists of Gardner Bender, which is the company’s main brand for professional electric contractors; Bergen Industries, which provides solutions for lighting on commercial as well industrial job sites; King Innovation, which is the leading brand in electrical, irrigation and gas or utility markets, along with several other such brands in the transportation, electrical, irritation and associated industries.
About ECM Industries
ECM Industries, based in New Berlin, Wisconsin, includes numerous brands such as Gardner Bender, Bergen Industries, Sperry Instruments, King Innovation and Calterm, which have been responsible for supplying contractors, electricians and maintenance technicians with new and innovative products and technologies over the past 50 years.
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