Harris Williams Advises Myers Emergency Power Systems on its Sale to Kohlberg & Company, L.L.C.

Rhea-AI Summary

Harris Williams has advised Myers Emergency Power Systems on its sale to Kohlberg & Company. Myers EPS specializes in emergency power solutions and smart control technologies, with a strong foothold in various industries including healthcare and data centers. The transaction reflects a growing interest in mission-critical industrial technology investments, highlighting Myers EPS's position as a market leader. With over 160 employees across Pennsylvania and California, Myers EPS is well-equipped to innovate and adapt to evolving market demands.

Positive

• Myers EPS is a market leader in emergency power technologies.
• The sale to Kohlberg positions Myers EPS for continued growth and innovation.
• The transaction underscores strong investor interest in industrial technology sectors.

Negative

• None.

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Myers Emergency Power Systems (Myers EPS), a portfolio company of Graham Partners, on its sale to Kohlberg & Company, L.L.C. (Kohlberg). Myers EPS is a leading provider of mission-critical, legally mandated emergency power and smart controls technologies. The transaction was led by Eric Logue, Giles Tucker and Chris Toussaint of the Harris Williams Industrials Group and Michael Tuohey of the firm’s Richmond office.

“Myers EPS is a market leader providing differentiated technologies to highly attractive end markets. The management team has done a fantastic job driving product innovations that are shaping the future of their market,” said Eric Logue, a managing director at Harris Williams. “We are thrilled to have found Myers EPS a great partner in Kohlberg to continue executing on management’s vision.”

“It has been a privilege representing both Graham Partners and Myers EPS’ management team on this transaction, and we are excited to have delivered an extraordinary outcome for the company and its shareholders,” said Giles Tucker, a managing director at Harris Williams. “There continues to be significant interest in highly engineered, mission-critical industrial technology companies, and Myers EPS represents another marquee transaction for Harris Williams in the industrial technology sector.”

Myers EPS is a leading provider of highly engineered emergency backup power technologies serving a wide variety of growing and resilient industry segments, including data centers, warehouse and distribution centers, healthcare, education, and others. The company is a technology leader focused on developing innovative offerings that meet and surpass ever-changing industry demands and requirements, including smart IoT and sustainable offerings, delivering unparalleled ROI for customers. Headquartered in Bethlehem, Pennsylvania, Myers EPS employs over 160 employees across their Bethlehem, Pennsylvania and San Leandro, California facilities.

Graham Partners is a private investment firm focused on investing in technology-driven companies that are spurring innovation in advanced manufacturing, resulting in product substitutions, raw materials conversions and disruptions to traditional end markets. Graham Partners targets companies with EBITDA between $5 million and $50 million and will invest in smaller companies to the extent they complement one or more of its other holdings. Since the firm's founding in 1988 by Steven Graham, Graham Partners has closed over 130 acquisitions, joint ventures, financings and divestitures. The committed capital raised since inception through the Graham Partners funds, together with Graham-led co-investments, totals approximately $3.4 billion, which differs from regulatory assets under management. Investors include university endowments, charitable foundations, financial institutions and private investors. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise and is a member of The Graham Group, an alliance of independent operating businesses, investment firms and philanthropic entities, which all share in the common legacy of entrepreneur Donald Graham.

Kohlberg is a leading private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has organized nine private equity funds, through which it has raised over $10 billion of committed equity capital. Over its 34-year history, Kohlberg has completed 85 platform investments and over 200 add-on acquisitions, with an aggregate transaction value of nearly $30 billion.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams Industrials Group has experience across a variety of sectors, including advanced manufacturing; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

For media inquiries, please contact Julia Moore at media@harriswilliams.com.

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FAQ

What company did Harris Williams advise on the sale to Kohlberg?

Harris Williams advised Myers Emergency Power Systems on its sale to Kohlberg & Company.

What does Myers Emergency Power Systems specialize in?

Myers Emergency Power Systems specializes in emergency power solutions and smart control technologies.

What industries does Myers EPS serve?

Myers EPS serves industries such as healthcare, data centers, and distribution centers.

When was the transaction between Myers EPS and Kohlberg announced?

The transaction was announced in a press release dated August 18, 2021.

How many employees does Myers EPS have?

Myers EPS employs over 160 employees across its facilities in Pennsylvania and California.

What is Kohlberg's significance in private equity?

Kohlberg is a leading private equity firm that has raised over $10 billion and completed numerous investments and acquisitions.