Intermatic LLC, an energy management solutions company designing and manufacturing electrical and mechanical controls for general lighting, outdoor lighting, irrigation, water heating, HVAC/R, and pool & spa applications, announced the completion of its acquisition by MPE Partners, a leading private equity firm focused on lower middle market investments in family-owned high-value manufacturing businesses.

MPE acquired Intermatic from the founding Kinney family. Intermatic will continue to operate under the leadership of President and CEO Rick Boutilier, with the new investment positioning the manufacturer for growth in several areas, including new product development with a focus on digital, advanced, and integrated controls, as well as continued penetration into the electrical distribution channel with innovative, energy-efficient solutions.

“This is an exciting new chapter for Intermatic,” says Rick Boutilier, President and CEO at Intermatic. “For more than 130 years, customers have trusted us to deliver innovative and reliable lighting control and energy management solutions. The investment from MPE will propel us forward and allow us to continue that mission for years to come.”

“It is rare to find a company like Intermatic that has such a rich history and brand name but is also dedicated to growth, product innovation, and manufacturing excellence. We are thrilled to start this journey together and look forward to supporting the organization as it builds for the future,” says Constantine Elefter, Partner at MPE.

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