Hamilton Sundstrand Industrial Becomes Independent and Rebrands as Neodyne Industries

  Hamilton Sundstrand Industrial Becomes Independent and Rebrands as Neodyne

Industrial Products Manufacturer Acquired by BC Partners and The Carlyle Group

Business Wire

HARTFORD, Conn. -- December 13, 2012

BC Partners, a leading international private equity firm, and global
alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the
completion of their previously announced acquisition of Hamilton Sundstrand
Industrial from United Technologies Corporation (NYSE: UTX) in a transaction
valued at $3.46 billion. With the sale, the newly independent company is now
Neodyne Industries. Neodyne, a manufacturer of highly engineered,
mission-critical pumps and compressors for the global industrial,
infrastructure and energy markets, operates three global industrial businesses
-- Milton Roy, Sundyne and Sullair.

“The Neodyne brand reflects our renewed emphasis on product innovation,
engineering and manufacturing excellence. We will focus on our core industrial
products businesses while we better position our company for sustained global
growth,” stated John Doucette, President and Chief Executive Officer of
Neodyne. “Neodyne will continue to deliver strong engineering and proprietary
design technology behind all of our industrial products.”

In a joint statement, Carlyle and BC Partners said, “Neodyne has consistently
achieved best-in-class performance in its highly engineered products and we
are excited about the company’s continued growth prospects, especially in
high-value product segments and emerging markets. We believe the combination
of our resources and expertise, the company’s experienced leadership and the
continued growth trends in the energy, chemicals and industrials sectors will
help us achieve a successful future for Neodyne as an independent global

About Neodyne Industries
Neodyne Industries is a leading global provider of highly engineered
industrial solutions and aftermarket parts and services serving a broad array
of end-markets. The company operates through two strategic platforms: Flow
Control and Industrial Air Compressors and goes to market under the Milton
Roy, Sundyne and Sullair family of brands. The company employs approximately
3,300 people globally and operates 19 high-quality manufacturing facilities in
seven countries across four continents. For more information, please visit
www.miltonroy.com, www.sundyne.com and www.sullair.com.

About BC Partners
BC Partners is a leading private equity firm with advised funds of $16.4
billion. Established in 1986, BC Partners has played an active role in
developing the European buyout market for 25 years. BC Partners executives
operate as an integrated team through the firm’s offices in North America and
Europe, acquiring and developing businesses to create value in partnership
with management. Since inception, BC Partners has completed over 80
investments in companies with a total enterprise value in excess of $100
billion. The acquisition of Neodyne Industries is the fourth investment from
BC Partners’ ninth fund which held its final closing on $8.8 billion in
February 2012. BC Partners has significant expertise in the industrials
sector. Relevant investments include those in Brenntag, a global leader in
chemical distribution, SGB-SMIT Group, a global manufacturer of power
transformers, and Interpump, a leading manufacturer of high pressure pumps.
BC Partners – Website

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $157
billion of assets under management across 101 funds and 64 fund of fund
vehicles as of September 30, 2012. Carlyle’s purpose is to invest wisely and
create value on behalf of our investors, many of whom are public pensions.
Carlyle invests across four segments – Corporate Private Equity, Real Assets,
Global Market Strategies and Fund of Funds Solutions – in Africa, Asia,
Australia, Europe, the Middle East, North America and South America. Carlyle
has expertise in various industries, including: aerospace, defense &
government services, consumer & retail, energy, financial services,
healthcare, industrial, technology & business services, telecommunications &
media and transportation. The Carlyle Group employs 1,300 people in 32 offices
across six continents.
The Carlyle Group – Website
The Carlyle Group – YouTube Channel
The Carlyle Group - Twitter


Neodyne Industries
Media Contact:
Rebecca Devine, 215-434-7191
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