Littlejohn & Co., LLC., a private investment firm based in Greenwich, Conn., has announced that an affiliate has signed a definitive agreement to sell SunSource, an industrial and mobile fluid power distribution for the past 70 years, to Clayton, Dubilier & Rice. Financial terms were not disclosed. Based in Addison, Ill., SunSource is a  solutions-based […]

SunSource announced that Justin Jacobi will transition from his role as chief executive officer to become the company’s executive chairman. David Sacher, the company’s president and chief operating officer, has been promoted to CEO. As executive chairman, Jacobi will focus on SunSource’s strategic growth initiatives, including strategic acquisition planning and new technology initiatives. In addition, […]