The Suzo-Happ Group, a supplier of components and accessories to the gaming, amusement and industrial markets, has been acquired by an affiliate of Washington DC-based private equity firm Acon Investments.
Pfingsten Partners, the previous private equity owner, will maintain a minority interest along with current management. The company will continue to be led by president and CEO James Brendel and other members of the existing management team and staff, who will focus on global growth in its core markets.
"The entire management team is excited about our partnership with Acon Investments,” said Brendel. “Under this new ownership Suzo-Happ will continue to grow as a global company and provide quality, value and satisfaction to our customers, suppliers and employees.”
Ken R Brotman, founding partner of Acon, said his company is “excited” to partner with Suzo’s management to lead future growth.
"The company has demonstrated solid performance through its long-tenured relationships with its customers and has built a solid foundation, which will ensure Suzo-Happ Group continued success,” he said. “Customers see value in breadth of product, distribution excellence along with global engineering and manufacturing and we see continued opportunity to expand this concept across multiple end markets and geographies."
