Middle-market private equity firm Genstar Capital is investing in Power Products, a supplier of aftermarket electrical equipment for the construction and recreational marine sectors, to support the target’s new product growth. Financial terms of the deal were not disclosed.
Power Products designs branded electrical consumables, wiring products, harsh-environment power conversion tools, transformers, inverters, switches and other electrical accessories. The target distributes its products through a variety of brands, including: Del City, Gardner Bender, Sperry Instruments, Lenco Marine, Marinco, Mastervolt, ProMariner, BEP, and Blue Sea Systems. Genstar is purchasing Power Products from Sentinel Capital Partners.