MPE Partners Acquires Intermatic LLC

MPE Partners has completed an investment to acquire Intermatic LLC, a 130+-year-old Libertyville, Illinois-based manufacturer of electrical and mechanical controls for lighting, irrigation, HVAC/R and pool & spa applications. The transaction, from the founding Kinney family, positions Intermatic for accelerated product innovation (including digital and integrated controls), continued penetration of electrical distribution channels, and potential complementary add-on acquisitions.