Contributor: Sundyne
The Partnership of Sundyne’s Technological Expertise with Warburg Pincus’ Financial Resources Helps Sundyne Accelerate Growth & Enhance Opportunities
Sundyne, a global leader in the design and manufacture of API compliant pumps and compressors, today announced that leading global private equity firm Warburg Pincus has completed the acquisition of Sundyne, from BC Partners Advisors L.P. and The Carlyle Group.
This acquisition was initially announced on January 6, 2020. Financial terms of the transaction were not disclosed. As stated in January, Sundyne’s current management team led by CEO Mark Sefcik, will continue under Warburg Pincus’ ownership.
“Warburg Pincus’ and Sundyne’s interests align perfectly, and there is no better financial partner for Sundyne than Warburg Pincus,” said Chief Executive Officer Mark Sefcik. “All of our channel partner agreements remain in place and all of our product brand names remain. We have already jointly-identified a number of ways in which Warburg Pincus can help Sundyne accelerate growth and enhance opportunities for our customers, channel partners, and employees.”
Sundyne and Warburg Pincus have launched a 90-day transition period to formally identify areas of opportunity for developing and funding strategic initiatives that will broaden product offerings and enhance customer services globally.
Sundyne was advised by Morgan Stanley & Co. LLC and Latham & Watkins LLP. Warburg Pincus was advised by CitiBank and Cleary Gottlieb Steen & Hamilton LLP.
Members of the media can contact Todd Keefe at: todd@firpr.com, or Mike Dean at mike.dean@sundyne.com
About Sundyne:
Headquartered in Arvada, Colorado with operations and presence in Europe, the Middle East, India, Japan, China and throughout Asia, Sundyne is a leading manufacturer of precision-engineered highly reliable, safe, and efficient centrifugal pumps and compressors for use in hydrocarbon processing, chemical processing, power generation, industrial, and high-pressure water applications. Sundyne is the world leader in delivering low-flow, high-head integrally geared centrifugal pumps and compressors as well as a leader in the supply of safe and leakage-free sealless magnetic drive centrifugal pumps and diaphragm compressors. Sundyne pump and compressor designs are compliant with the industry’s most stringent API, ANSI/ASME, and ISO standards. To learn more about the Sundyne family of precision engineered pumps and compressors, please visit www.sundyne.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $62 billion in private equity assets under management. The firm’s active portfolio of more than 190 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $79 billion in over 880 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com.
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