BOCA RATON, FL -- An affiliate of Sun Capital Partners private investment firm has acquired the Industrial Group of TI Automotive. Terms of the acquisition were not disclosed.

The Industry Group includes Bundy Refrigeration, which makes condensers, evaporators and other cooling system components used in household and commercial refrigeration appliances; Walbro Engine Management, which provides components and systems to the outdoor power equipment, industrial, marine, recreational and two-wheel vehicle markets; and Vari-Form, which currently hydroforms more than four million automotive structural parts annually for its partners worldwide.

Michael Kalb, managing director, Sun Capital Partners, Inc., added, “Each of the three business units, Bundy Refrigeration, Walbro Engine Management, and Vari-Form, enjoy competitive advantages in their respective industries, which have not been fully realized due to the non-core nature of their operations under their former corporate umbrella. Each of the three businesses have market leading positions, established trade names and are suppliers to major global OEM manufacturers. As independent operating entities, we believe that each business will be better positioned to leverage its market position and enhance its franchise value.”

For more information about TI Automotive, go to: http://www.tiautomotive.com.

For more information about Sun Capital Partners, go to: http://www.SunCapPart.com.