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Back to blog June 09, 2020 1 Comment Author: Andy Jones

Private Equity Firms Investing in Battery Companies

Private equity firms currently hold more than 40 portfolio companies in the battery industry. These investments range from…

…Battery Manufacturers:

Lionano (Woburn, MA) manufactures proprietary cathode materials that improve energy density, cost, durability and safety of lithium ion batteries. The company’s other division develops solid state batteries.

September 2018 – Lionano completed a $22 million Series B financing round led by WAVE Equity Partners, Helios Capital Ventures and NXT Ventures.

 

EaglePicher Technologies (St. Louis, MO) develops specialized batteries and advanced power management systems for defense, aerospace and medical applications.

March 2018 – Vectra Co., a portfolio company owned by certain investment funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO), completed the sale of its EaglePicher Technologies business to affiliates of GTCR LLC.

 

…to Battery Distributors:

Storage Battery Systems (Menomonee Falls, WI) is an assembler and value-added distributor of branded, rechargeable industrial Battery solutions and test equipment for motive, stationary and standby power applications.

May 2017 – High Road Capital Partners Fund II completed the acquisition of Storage Battery Systems, LLC from Supply Chain Equity Partners.

July 2018 – High Road Capital Partners completed the acquisition of Nolan Power Group, LLC. Nolan Power, a provider of stationary power management solutions in the Gulf Region, will be combined with Storage Battery Systems.

 

…to Power Solutions:

Lithion Power Group (Calgary, Alberta, Canada) is an integrated provider of mission-critical Power solutions to the global oil and gas pipeline industries. Lithion designs, develops and manufactures specialized primary lithium chloride, lithium sulfuryl chloride, lithium CFx and lithium CFx-MnO2 hybrid battery chemistries designed to work in high vibration/shock and temperature environments.

April 2018 – TriWest Capital Partners Fund V invested in HPC Energy Services Ltd. The company was acquired from Tandem Expansion Fund.

 

Progressive Dynamics (Marshall, MN) is a manufacturer of power converters and battery charging systems for the RV industry.

September 2017 – Isleworth Capital Partners completed the acquisition of Progressive Dynamics.

 

…to Battery Recycling:

Gopher Resource (Eagan, MN) uses advanced technology processes to recycle spent automotive, industrial, and stationary batteries in a safe and sustainable manner. Gopher turns batteries into quality materials that manufacturers can use for new batteries and other products.

March 2018 – Norwest Equity Partners sold Gopher Resource to Energy Capital Partners.

 

Eagle Battery (Muncie, IN) provides battery reconditioning services to customers.

February 2017 – Cardinal Equity Partners invested in Eagle Battery.

 

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1 Comment:

John Ramey 3 months ago

Interesting information.