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KPS Sells Electrical Components International To Cerberus

KPS Capital Partners has, through an affiliate, agreed to sell Electrical Components International, Inc. to an affiliate of Cerberus Capital Management. Financial terms of the transaction were not disclosed. ECI is a manufacturer of wire harnesses, control boxes and value-added assembly services for consumer appliance and speciality-industrial applications. Raquel Palmer, a Partner of KPS, said, “The success of our investment in ECI demonstrates KPS’ ability to see value where others do not, to buy right and to make businesses better.  KPS, in partnership with management, completely transformed ECI from a wire harness supplier focused on the appliance end-market to a diversified manufacturer of value-added components serving...