Stanadyne Operating Company LLC , a newly formed entity supported by an investor group led by affiliates of Cerberus Capital Management, L.P. (“Cerberus”), announced that it has completed its acquisition of substantially all of the assets of Stanadyne LLC and certain of its affiliates. The company said the sale of its assets strengthens its balance sheet with $35 million in capital investments from the Cerberus-led investor group.

Stanadyne, which designs, manufactures, and remanufactures fuel delivery systems and components for gasoline and diesel engines as well as low-carbon alternative fuels, filed for Chapter 11 bankruptcy in February. At the time, the fuel pump maker said it had assets and liabilities of as much as $500 million each in its bankruptcy petition, according to Bloomberg Law News.

“The Stanadyne platform has become a global automotive technology leader known for its innovation, quality and reliability,” said Joseph Naccarato, chief credit officer and COO of Cerberus Business Finance. “For more than 70 years, the business has supported the advancement of fuel systems with cutting-edge technologies. With a strong foundation, Stanadyne can drive growth to meet the distinct needs of customers both today and in the future. We look forward to working with the team to deliver best-in-class engine solutions.”

Founded in 1992, Cerberus is an alternative investing firm with approximately $60 billion in assets under management across complementary credit, private equity and real estate strategies. The company says it invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value.