Motion Industries Acquires Net Operating Assets of Sunset Industrial

Ballard & Brown Acquires Sunrise Mechanical; Columbia Pacific Business Finance Provides $21M Loan

January 16, 2024

HVAC & Mechanical

Independent sponsor Ballard & Brown acquired Sunrise Mechanical / Sunrise Service, a Henderson, Nevada-based residential HVAC installer and service provider. Columbia Pacific's Business Finance strategy provided a $21 million senior secured term loan to support the acquisition; Sunrise has operated for 30 years and employs more than 150 people.

Motion Industries (Genuine Parts Company) Acquires Kaman Distribution Group for $1.3B

December 16, 2021

Industrial Services

Motion Industries, a wholly-owned subsidiary of Genuine Parts Company, agreed to acquire Kaman Distribution Group from Littlejohn & Co. for approximately $1.3 billion in cash. KDG, headquartered in Bloomfield, Connecticut, operates ~220 locations with ~1,700 employees and is expected to generate roughly $1.1 billion of revenue in 2022; the deal is expected to close in Q1 2022 and deliver $50M+ of run-rate synergies.

NGS (National Glazing Solutions) Acquires Sunset Glass Tinting

November 1, 2022

Building Products

NGS (National Glazing Solutions, d.b.a. NGS Films & Graphics) acquired Sunset Glass Tinting in Houston, Texas, closing on November 1, 2022. The deal expands NGS' Texas footprint and adds Sunset's in-house custom printing capabilities to strengthen NGS' printed graphics and window film offerings.

MyPower Corp. (Mitsui Affiliate) Acquires Solstice Power Technologies

October 12, 2022

Renewable Energy

MyPower Corp., an affiliate of Mitsui & Co., Ltd., has acquired Solstice Power Technologies, a Cambridge-based customer acquisition and subscriber-management services provider for community solar projects. The deal gives MyPower a foothold in the U.S. community solar market and brings Solstice's customer-management and subscriber software capabilities to Mitsui's broader clean-energy investment platform.

Valin Corporation Acquires Sun Automation Inc.

July 30, 2021

Industrial Services

Valin Corporation, a privately held technical solutions provider based in San Jose, California, acquired Sun Automation Inc., a Chandler, Arizona-based industrial automation solutions provider, effective July 30, 2021. The acquisition strengthens Valin's automation product portfolio and expands its geographic footprint into territories where it previously had limited representation.

Cordillera Holdings (with Investcorp) Acquires Sunset Life Insurance Company of America

November 2, 2021

Insurance

Cordillera Holdings, backed by initial capital from Investcorp, completed the acquisition of Sunset Life Insurance Company of America from Kansas City Life Insurance Company on November 1, 2021. The deal transfers ownership of the carrier to Cordillera’s newly formed insurance platform (via subsidiary Bona Holdings LLC) and positions the business to focus on retirement-oriented fixed annuity products with Investcorp Insurance Solutions providing outsourced investment management.