Private equity firm Trilantic Capital Management LP acquired a majority stake in Sunbelt Transformer Ltd. from Grey Mountain Partners LLC.
Sunbelt Transformer provides power solutions, equipment and services to commercial, industrial and utility end markets. Sunbelt Transformer CEO Dan Sweeney and other members of management invested alongside Trilantic.
Former Maclean Power Systems CEO Tom Smith will join Sunbelt Transformer's board as chairman.
RW Baird & Co. was Sunbelt Transformer's exclusive financial adviser on the transaction, with Proskauer Rose LLP serving as its legal adviser. Kirkland & Ellis LLP and Lincoln International LLC were the legal and financial advisers, respectively, to Trilantic.
