Clayton, Dubilier & Rice’s Acquisition of SunSource


Debevoise & Plimpton LLP advised Clayton, Dubilier & Rice on its acquisition of SunSource, a distributor of hydraulic and pneumatic fluid power products in the U.S. and Canada CD&R has obtained committed financing from Barclays, Credit Suisse Securities (USA) LLC, and Deutsche Bank AG New York Branch.

Clayton, Dubilier & Rice finalized an agreement under which CD&R-managed funds will acquire a majority stake in SunSource Holdings, Inc., a distributor of hydraulic and pneumatic fluid power products in the U.S. and Canada. Terms of the transaction were not disclosed.

SunSource serves a diverse customer base which includes more than 20,000 original equipment manufacturers and end users of hydraulic and pneumatic equipment. The company’s broad product portfolio of pumps, motors, valves, cylinders and components for use in mobile hydraulics and electronics, industrial hydraulics and pneumatics, automation and fluid process equipment exceeds 200,000 SKUs. SunSource serves equipment manufacturers and users across a wide range of end markets, including construction, transportation, oil and gas, and others. The company also provides service and repair for the products it distributes as well as third-party products, drawing on in-house engineering capabilities and technical expertise.

The Debevoise team is led by partner Paul S. Bird (Picture) and includes partners Meir D. Katz and Jeffrey Ross, counsel Erin Cleary and associates Spencer K. Gilbert, Erik J. Andrén, Zain A. Kazmi, Ryan T. Rafferty, Michael Ronca, Joel D. Salomon and Lena E. Smith.

Involved fees earner: Paul Bird – Debevoise & Plimpton; Spencer Gilbert – Debevoise & Plimpton; Michael Ronca – Debevoise & Plimpton; Joel Salomon – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Jeffrey Ross – Debevoise & Plimpton; Erik Andrén – Debevoise & Plimpton; Ryan Rafferty – Debevoise & Plimpton; Erin Cleary – Debevoise & Plimpton; Zain Kazmi – Debevoise & Plimpton; Lena Smith – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Clayton Dubilier & Rice;

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Author: Ambrogio Visconti