Stanadyne LLC (Windsor, CT) has acquired Pure Power Technologies, a Columbia, SC-based company that engineers and manufactures diesel fuel injectors and turbochargers. Stanadyne is a supplier of fuel management systems and components — with an emphasis on diesel and high-pressure gasoline pumping technology — serving the light-vehicle and off-road sectors, as well as various industrial markets.
Combined, the companies will offer a range of fuel and air management systems directly to OEMs, as well as the OES and aftermarket channels. “Pure Power’s experience and expertise in high-precision engineering, testing and manufacturing of diesel fuel injectors and turbos is a perfect fit for our business,” Stanadyne CEO David Galuska said in an announcement dated April 9.
Financial terms of the transaction were not disclosed. The sellers were Kensington Capital Partners and the Smithfield Group Ltd.
Pure Power was created in 2016 when Kensington and Smithfield led the negotiations and structuring of the carve-out acquisition from Navistar. They also arranged asset-based debt financing for the acquisition that was later replaced with cash flow-based facilities.