Investment Date
December 2007
Vertical
Technology
Fund
GCP II
Investment Status
Prior
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Lineage

In December 2007, The Gores Group acquired 100% of Tyco Electronics’ Power Systems which comprised two entities: Lineage Power and Vincotech. Lineage Power provided power supply products and services to communications service providers and telecom and datacom OEMs; Vincotech provided power modules used in industrial applications, GPS products and electronic manufacturing services.

Highlights
  • Lineage Power and Vincotech were formerly part of Tyco Electronic’s Power Systems business
  • Lineage Power provided power supply and power conversion products and services to telecom service providers and enterprise customers
  • Headquartered in Mesquite, Texas


Initiatives
  • Carved-out the Power Systems business from parent company, Tyco Electronics, and separated Lineage Power and Vincotech into two distinct companies
  • Implemented restructuring plan and augmented senior management
  • Undertook operating initiatives such as outsourcing manufacturing to Asia; implementing a new go-to-market strategy and harvesting balance sheet assets
  • Acquired Cherokee International in November 2008, a strategic fit with Lineage Power
  • In March 2011, Gores successfully exited Lineage Power in a sale to GE