K+S SERVICES HAS BEEN ACQUIRED BY SUNSOURCE
Birmingham, Michigan – July 30, 2021 – Angle Advisors is pleased to announce that SunSource, a portfolio company of Clayton Dubilier & Rice, LLC has acquired K+S Services, Inc. (“K+S” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to K+S in completing this transaction.
Based in Southgate, MI, K+S provides a full range of industrial repair services in advanced technologies including robotics, automation, electronics, hydraulics, mechanical and in-process inspection solutions among others. The Company has repair capabilities for over 875 different manufacturers and more than 125,000 unique part numbers supported. With over 270 dedicated employees that support 14 operating facilities in the U.S., Canada and Mexico, K+S provides superior turnaround times and technical support. The Company has over 3,000 custom designed, closed-loop system tests to ensure all power supplies, drives, amps, HMI’s and boards receive a full system test. For additional information, please visit www.k-and-s.com.
SunSource is a value-added distributor of fluid power and motion control technologies in North America. As a technically-focused distributor, SunSource serves as an extension of its customers’ design and engineering teams and its suppliers’ sales forces, delivering innovative solutions that lower total costs and streamline supply chains. The company operates through four highly focused strategic business units that provide tailored solutions for the unique needs of its Industrial, Mobile, Service & Repair, and Process Solutions customers. For additional information, please visit www.sun-source.com.
Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of approximately $40 billion in more than 100 companies with an aggregate transaction value of more than $175 billion. The Firm has offices in New York and London. For additional information, please visit www.cdr-inc.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 241 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.