Windjammer Exits MacLean Power Systems

Windjammer Capital Investors has exited its $30.6 million equity and debt investment in MacLean Power Systems, which generated total proceeds of $128.2 million. Windjammer first invested in the company in 2002 when it provided $17.5 million in subordinated debt and convertible preferred stock to support a strategic acquisition. About two years later, the firm provided another $13.1 million of subordinated debt financing. MacLean manufactures electrical hardware and insulator components for the electrical utility industry.