#USA #Energy Management #MPE Partners #Intermatic #Libertyville

MPE Partners Invests in Intermatic for Sustainable Growth

MPE Partners, known as Morgenthaler Private Equity, recently announced its strategic investment in Intermatic, LLC, a well-established family-owned company that specializes in energy management solutions. With over 130 years of rich history in designing and manufacturing electrical and mechanical controls, Intermatic has built a strong reputation, especially among electrical contractors, for its commitment to quality, innovation, and superior customer support.

This investment will not only strengthen Intermatic’s existing market position but also pave the way for new growth opportunities. With products that cater to diverse sectors—including residential, commercial, utility, and industrial—Intermatic aims to enhance energy efficiency and provide cost-effective solutions to its customers.

A New Era for Intermatic

Rick Boutilier, the President and CEO of Intermatic, stated that the partnership with MPE was a natural fit, given their experience with family-owned businesses. Boutilier emphasized that the investment would enable Intermatic to continue its mission of delivering innovative lighting control and energy management solutions. He further highlighted that MPE’s involvement is exciting and marks a new chapter in Intermatic’s evolution.

MPE Partners is poised to support Intermatic’s aspirations through strategic and operational resources aimed at accelerating growth. The firm expressed its eagerness to collaborate with Intermatic, citing its longstanding history and commitment to product innovation as key factors in their decision to invest.

Expanding Product Offerings

During the investment announcement, Constantine Elefter, a Partner at MPE, remarked on the rarity of finding a firm like Intermatic, which balances a rich history with a forward-looking approach to product innovation. MPE aims to foster growth through complementary acquisitions that will expand Intermatic’s portfolio within the broader electrical category, thereby enhancing the company’s value proposition.

MPE is focusing on diversifying Intermatic’s offerings to meet the evolving needs of its customers. As part of this strategy, they plan to pursue additional acquisitions that align with Intermatic’s current product lines, which encompass various sectors including outdoor lighting, HVAC/R, and irrigation controls.

Financial Backing and Legal Support

Financial backing for this venture was provided by CIBC US and Manulife Investment Management, indicating strong confidence in the collaborative potential of the partnership. Jones Day served as the legal counsel for MPE, ensuring that all aspects of the transaction are compliant and strategically sound.

While specific terms of the investment have not been disclosed, the implications of this partnership are likely to be far-reaching, especially in terms of advancing technological innovations and improving energy solutions for a diverse customer base.

Conclusion

MPE Partners' investment marks a pivotal moment for Intermatic, placing them on a trajectory for growth and expansion in the energy management sector. With a focus on product innovation and quality, Intermatic is not only set to maintain its esteemed reputation but also aims to evolve and adapt to the future demands of the energy industry. As the stakes rise in this competitive field, the strategic alignment of MPE and Intermatic represents a promising union that fosters a commitment to sustainable and innovative energy solutions.

For ongoing updates and insights, interested parties can visit Intermatic's website or MPE Partners' website.