MPE Partners Completes Acquisition of Intermatic

LIBERTYVILLE, Ill.--(BUSINESS WIRE)--Intermatic LLC, an energy management solutions company designing and manufacturing electrical and mechanical controls for general lighting, outdoor lighting, irrigation, water heating, HVAC/R, and pool & spa applications, announced the completion of its acquisition by MPE Partners (MPE or Morgenthaler Private Equity), a leading private equity firm focused on lower middle market investments in family-owned high-value manufacturing businesses.

MPE acquired Intermatic from the founding Kinney family. Intermatic will continue to operate under the leadership of President and CEO Rick Boutilier, with the new investment positioning the manufacturer for growth in several areas, including new product development with a focus on digital, advanced, and integrated controls, as well as continued penetration into the electrical distribution channel with innovative, energy-efficient solutions.

Founded in 1891 as the Pratt & Englund Company, Intermatic has evolved into a leading global manufacturer, serving customers in more than thirty-five countries. Its extensive portfolio of category-leading solutions, including timer controls, outdoor weatherproof covers, and surge protective devices, serves a wide breadth of applications across the residential, commercial, industrial, utility, and OEM markets.

“This is an exciting new chapter for Intermatic,” says Rick Boutilier, President and CEO at Intermatic. “For more than 130 years, customers have trusted us to deliver innovative and reliable lighting control and energy management solutions. The investment from MPE will propel us forward and allow us to continue that mission for years to come.”

Intermatic will continue to serve customers from its headquarters in Libertyville, Illinois. Distributors, partners, agents, and end-users can expect the same high level of service and manufacturing quality under this new ownership structure.

“It is rare to find a company like Intermatic that has such a rich history and brand name but is also dedicated to growth, product innovation, and manufacturing excellence. We are thrilled to start this journey together and look forward to supporting the organization as it builds for the future,” says Constantine Elefter, Partner at MPE.

For additional information, visit Intermatic.com.

About Intermatic LLC

With a rich company history spanning more than 130 years, Intermatic has grown into a global energy management solutions company designing and manufacturing electrical and mechanical controls for general lighting, outdoor lighting, irrigation, water heating, HVAC/R, and pool & spa applications. Intermatic core values ensure quality products, technical expertise, and attentive service. The company provides solutions for facilities, municipalities, manufacturing, agriculture, commercial, residential and construction markets. For more information, please visit www.Intermatic.com.

About MPE Partners

MPE Partners (“MPE”) seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $8 million and $40 million. MPE has two primary target investment areas: high-value manufacturing and commercial & industrial services. For more information, please visit www.mpepartners.com.