MPE PARTNERS AND INTERMATIC ANNOUNCE THE ACQUISITION OF SUN-TECH

CLEVELAND and BOSTON, Nov. 5, 2026 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity"), along with portfolio company Intermatic LLC ("Intermatic") of Libertyville, IL, announced the acquisition of Sunrise Technologies, LLC ("Sun-Tech" or the "Company") of Raynham, MA. Sun-Tech is a premier provider of outdoor lighting-control and power-connectivity products for utility, municipal, commercial & industrial, and OEM applications.

Constantine Elefter, Intermatic's Executive Chairman and Partner at MPE, said, "For more than 75 years, Sun-Tech and its brands have been a trusted partner to utilities, municipalities, contractors, and OEMs. This is a tremendous opportunity to add strong, differentiated brands that enhance Intermatic's product portfolio while bringing new customers, channels, and applications. We look forward to accelerating our development of premier infrastructure and lighting-control solutions to better support the evolving needs of our customers."

Kevin Kosobud, Chief Product Officer at Intermatic, commented, "Sun-Tech's photocontrol and power-connectivity technology fits naturally alongside Intermatic's lighting and energy management controls. Together, we can bring a broader, more connected product roadmap to utilities and municipalities, and a more complete outdoor lighting offering to our contractor and distribution partners."

Brendan Newman, Principal at MPE, said, "The acquisition of Sun-Tech represents another important step in Intermatic's continued growth and expansion. The combination brings together two complementary businesses and creates additional opportunities for growth across markets and customer bases. We're excited to support the combined team as it builds a broader energy management platform."

CIBC US and Manulife Investment Management provided financing to support the transaction. Jones Day served as legal advisor to MPE. Terms of the transaction were not disclosed.

About Sun-Tech

Headquartered in Raynham, MA, Sun-Tech designs, engineers, and assembles outdoor lighting-control and power-connectivity products for utility, municipal, commercial & industrial, and OEM applications. The Company's portfolio includes more than 1,000 SKUs across LED and HID photocontrols, power taps, contactors, wireless area-lighting controls, and related components used to control and distribute power for outdoor lighting and adjacent infrastructure applications. Across its three brands—Sunrise Technologies, Fisher Pierce Outdoor Lighting Controls, and Ripley—the Company has more than 75 years of brand history and is known for its reliable products and responsive customer service. For more information, please visit https://www.sun-tech.biz/.

About Intermatic

Headquartered in Libertyville, IL, with facilities in El Paso, TX, and Juarez, Mexico, Intermatic is an energy management solutions company that designs and manufactures electrical and mechanical controls for general lighting, outdoor lighting, irrigation, HVAC/R, and pool & spa applications. With a rich company history spanning more than 130 years, Intermatic serves a broad base of over 2,000 customers and is the preferred brand by electrical contractors based on quality, technology, customer service, and lead times. The company provides solutions across a variety of residential, commercial, utility, and industrial end markets. For more information, please visit https://www.intermatic.com/.

About MPE Partners

MPE seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $8 million and $40 million. MPE has two primary target investment areas: high-value manufacturing and commercial & industrial services. For more information, please visit www.mpepartners.com.

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SOURCE MPE Partners