Sun Capital Sells Heating Parts Maker To Wellspring

Law360, New York (February 1, 2012, 1:53 PM EST) -- Florida leveraged buyout firm Sun Capital Partners Inc. has sold portfolio company ThermaSys Corp., a manufacturer of heating device parts, to private equity firm Wellspring Capital Management LLC, Sun Capital announced Wednesday.

Terms of the deal selling Montgomery, Ala.-based ThermaSys, which was originally acquired in 2005, to the New York-based private equity firm were not immediately disclosed. A Sun Capital spokeswoman did not immediately respond to a request for comment.

Sun Capital co-CEO Marc Leder said in a statement that ThermaSys, which according to industry data...
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