Intermatic LLC Acquired by MPE Partners: A New Era for a Leading Energy Management Solutions Provider
Intermatic LLC, a trusted name in energy management solutions, has announced the completion of its acquisition by MPE Partners (MPE), a private equity firm renowned for its focus on investments in lower middle-market companies, particularly those in family-owned manufacturing sectors. Known for designing and manufacturing electrical and mechanical controls, Intermatic’s products have long been essential for general lighting, outdoor lighting, irrigation, water heating, HVAC/R, and pool & spa applications. This acquisition positions Intermatic for accelerated growth and innovation in a variety of strategic areas, particularly as it strives to expand its digital, advanced, and integrated control solutions.
The Acquisition: A New Chapter for Intermatic
MPE Partners, based in Cleveland, OH, and Boston, MA, acquired Intermatic from the founding Kinney family, marking a pivotal moment in the company’s long and successful history. Despite this change in ownership, Intermatic will maintain continuity in leadership. Rick Boutilier, President and CEO of Intermatic, will continue to lead the company, ensuring that the strategic direction and the core values of the company remain steadfast.
The focus of this acquisition will be on driving innovation within Intermatic, specifically through new product development, particularly in the realm of digital and advanced control systems. Moreover, the deal also aims to increase Intermatic’s reach in the electrical distribution channel with energy-efficient solutions that will help the company stay at the forefront of industry demands.
“The completion of this acquisition is an exciting new chapter for Intermatic,” says Rick Boutilier, President and CEO of the company. “For over 130 years, we have earned the trust of our customers by delivering cutting-edge and reliable energy management solutions. With the support of MPE Partners, we are positioned to propel that mission forward, expanding our offerings and continuing to meet the needs of the diverse markets we serve.”
Intermatic has a well-established reputation for excellence, and this acquisition will further fuel the company’s commitment to serving customers in over thirty-five countries worldwide. The company’s extensive portfolio of products, including timer controls, outdoor weatherproof covers, surge protective devices, and more, plays an integral role across a variety of industries. These products have proven indispensable in markets ranging from residential and commercial applications to industrial, utility, and OEM sectors.
A Legacy of Excellence: Intermatic’s Rich History
Founded in 1891 as the Pratt & Englund Company, Intermatic’s journey to becoming a leading global manufacturer has been nothing short of remarkable. The company’s evolution is a testament to its ability to adapt to changing market needs while maintaining a relentless focus on innovation and product quality. Over the years, the company has grown from its humble beginnings into a major player in the energy management and control solutions space, with a broad array of products designed to enhance the efficiency and functionality of various systems.
Intermatic’s solutions are critical to the operations of numerous facilities, municipalities, and industries, ensuring that energy management is streamlined and reliable. From irrigation systems to pool and spa controls, and HVAC systems, Intermatic products are designed to meet the needs of a rapidly changing world that increasingly prioritizes sustainability and energy efficiency.
Rick Boutilier’s leadership has been instrumental in navigating Intermatic through this significant growth phase, and the continued leadership from him and his team will help ensure that the company remains agile and innovative as it enters this new phase of its evolution.
MPE Partners: A Strategic Investor for Growth
MPE Partners is known for its targeted investments in lower middle-market companies with proven track records of success. With a focus on companies that generate between $8 million and $40 million in EBITDA, MPE specializes in investing in high-value manufacturing businesses like Intermatic. Its investment strategy focuses not just on financial returns, but on fostering long-term growth through operational improvements, strategic expansions, and technological advancements.
“Intermatic is an extraordinary company with a remarkable history, but even more exciting is its commitment to innovation and manufacturing excellence,” says Constantine Elefter, Partner at MPE Partners. “We are thrilled to partner with Rick and the team at Intermatic. Together, we will build on the company’s legacy while creating new opportunities for growth, particularly as the company expands its product offerings and deepens its presence in key markets.”
MPE Partners’ approach is rooted in a belief that strong, family-owned businesses can continue to grow and thrive under new ownership when the right strategies are implemented. Intermatic’s alignment with MPE’s values makes this partnership particularly promising for the future.
A Continued Commitment to Customer Service and Quality
While ownership has transitioned, Intermatic’s commitment to delivering high-quality products and unparalleled service remains unchanged. Distributors, partners, agents, and end-users can expect to experience the same level of excellence and dedication they have come to rely on from the company. The move to expand the company’s product offerings and further innovate with energy-efficient solutions will only enhance the customer experience, ensuring that Intermatic’s solutions remain relevant and effective in an evolving marketplace.
The company’s headquarters in Libertyville, Illinois, will continue to serve as the operational hub, and Intermatic will continue to be deeply involved in its local community, fostering relationships that support its mission to create innovative solutions for the energy management sector.
Strategic Plans for Product Innovation and Market Expansion
Under the guidance of MPE Partners, Intermatic is poised to accelerate its product development initiatives, particularly focusing on digital, advanced, and integrated controls. As smart technologies become increasingly prevalent across various sectors, the need for more sophisticated energy management solutions is critical. Intermatic’s ability to integrate digital solutions into its existing products will further cement its position as an industry leader. Additionally, there is an opportunity for Intermatic to expand its offerings into emerging markets, providing energy-efficient solutions that align with global sustainability goals.
As the world increasingly turns its focus toward reducing energy consumption and enhancing efficiency, Intermatic’s commitment to product innovation will allow it to remain at the cutting edge of these efforts. The company’s robust portfolio of products is designed to address a variety of needs within the energy management space, from time-saving and efficiency-boosting devices to more complex systems that optimize energy usage for large facilities and operations.
With this acquisition, Intermatic will also look to expand its presence within the electrical distribution channel, ensuring that its products are accessible to an even wider range of customers. Through strategic partnerships, enhanced distribution networks, and continued product development, the company aims to capture a larger share of the global energy management market.
The Future of Energy Management: Intermatic’s Role
Looking ahead, Intermatic is committed to continuing its legacy of innovation while embracing the changes that the future of energy management will undoubtedly bring. The company’s deep expertise in energy-efficient solutions positions it well for ongoing success as the world grapples with the need to improve energy conservation and reduce waste. The acquisition by MPE Partners will serve as a catalyst for new opportunities and greater capabilities, allowing Intermatic to expand its impact in both developed and emerging markets.
By fostering a culture of innovation and quality, Intermatic is set to become an even more integral player in global energy management solutions. Whether through the development of cutting-edge smart technologies or the continued delivery of reliable and efficient solutions, Intermatic’s journey is far from over.
About Intermatic LLC
With more than 130 years of rich history, Intermatic LLC has grown into a global leader in energy management solutions. The company designs and manufactures a wide range of electrical and mechanical controls for applications including lighting, irrigation, water heating, HVAC/R, and pool & spa systems. With a commitment to delivering high-quality products and exceptional customer service, Intermatic continues to serve a diverse range of industries, including residential, commercial, industrial, and utility sectors. For more information, visit www.Intermatic.com.
About MPE Partners
MPE Partners is a private equity firm that specializes in investing in lower middle-market companies. Based in Cleveland, OH, and Boston, MA, MPE focuses on businesses with EBITDA ranging from $8 million to $40 million, particularly in high-value manufacturing and commercial & industrial services. MPE seeks to partner with entrepreneur- and family-owned companies to drive growth and operational improvement. For more information, visit www.mpepartners.com.
