Affiliate of Sun Capital Partners Enters into Definitive Agreement to Acquire Aclara Technologies

  Affiliate of Sun Capital Partners Enters into Definitive Agreement to
  Acquire Aclara Technologies

 Leading North American Advanced Meter Infrastructure Solutions Provider Will
                         Become Independent Business

Business Wire

BOCA RATON, Fla. -- March 17, 2014

Sun Capital Partners, Inc. (“Sun Capital”) today announced that one of its
affiliates has entered into a definitive agreement to acquire Aclara
Technologies LLC (“Aclara” or “the Company”) from ESCO Technologies Inc.

Aclara is a leading vendor of Advanced Meter Infrastructure (“AMI”) solutions,
predominately deployed by U.S. electric, gas and water utilities. AMI includes
the two-way communication device within a meter, as well as the supporting
network infrastructure for “smart” meters that allow utilities to remotely
extract real-time consumption data and interact with their customers. By
upgrading to AMI, utilities can at a minimum lower their costs by eliminating
the need for manual readings, as well as improve the efficiency of their

Additionally, Aclara’s software services solution enables a wide variety of
customer programs through print and electronic communications and a rich
online and mobile customer experience. These comprehensive customer engagement
technologies allow customers to better understand their energy needs in real
time, fueling greater cost-efficiency and conservation.

Headquartered in St. Louis, Missouri, Aclara services more than 600 utility
customers with over 21 million endpoints deployed. The Company is the leading
power line carrier vendor in the electric AMI market; ranks first in
cumulative AMI units sold to fixed network gas utilities, including PG&E and
SoCalGas; and manages some of the largest water AMI installations in North
America, including New York City, Washington, D.C., San Francisco, Boston
Water & Sewer and Toronto, Canada.

“Aclara is a strong organization that is well suited to capitalize on future
opportunities as a standalone business,” said Marc Leder, Co-Chief Executive
Officer at Sun Capital. “We look forward to working with management, as our
deep experience in transitioning successful corporate subsidiaries into
thriving independent enterprises will enable Aclara to build on its leading
market position.”

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a pioneer in private equity investing, uniquely
combining the financial skills and resources of a traditional private equity
firm with the insight and expertise of a world class operating team. The firm
focuses on market-leading companies that can benefit from our in-house
professionals, resources, and expertise in their efforts to materially improve
operating performance. Sun Capital affiliates have invested in more than 335
companies worldwide with combined sales in excess of $45 billion since our
inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New
York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and
Shenzhen. For more information, visit


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Mike Riley, 646-502-3530
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