Global private equity firm Warburg Pincus has completed its acquisition of Sundyne from BC Partners Advisors L.P. and The Carlyle Group. Sundyne announced the acquisition on Jan. 6 and stated that its management team and CEO Mark Sefcik will remain with the company under Warburg Pincus’ ownership.
Following the news, Sundyne and Warburg Pincus launched a 90-day transition period to discover and develop initiatives to enhance and broaden product offerings and services.
“Warburg Pincus’ and Sundyne’s interests align perfectly and there is no better financial partner for Sundyne than Warburg Pincus,” Sefcik said. “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 designs, manufactures and provides aftermarket support for centrifugal compressors and pumps. The global company supplies customers in the oil and gas midstream, LNG, petrochemical, refining, chemicals and industrials sectors.