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High Road Capital Partners Completes Acquisition of Quality Standby Services.

MANews-(C)2009-2019

17 July 2019 - New York, US-based private equity firm High Road Capital Partners has completed the acquisition of Georgia, US-based Quality Standby Services, a provider of standby power service and hardware, the company said.

Terms of the transaction were not disclosed.

Quality Standby Services will be combined with portfolio companies Storage Battery Systems, LLC and Nolan Power Group, which High Road previously acquired.

Storage Battery Systems said with the acquisition of Quality Standby Services, the company further increases geographic reach and customer base, and adds new products and expanded services.

High Road Capital Partners is a private equity firm focussed on smaller middle market transactions. High Road was formed in 2007 and has raised over USD 470m of committed capital since inception.

Quality Standby Services offers quality standby power service and hardware in the industry with products and services that include a complete line of standby batteries, chargers, and DC power system components as well as battery system monitoring, testing hardware, uninterruptible power supplies, converters and inverters. www.qualitystandbyservices.com

Nolan Power Group, LLC is the Gulf Coast region's premier provider of stationary power reliability solutions. Nolan Power Group sells and services industrial stationary batteries, chargers, uninterrupted backup power systems, and supporting backup power products, and evaluates, engineers, installs, disposes, maintains, repairs, and tests uninterrupted backup power systems.

Storage Battery Systems, LLC provides DC Power Solutions for stationary, UPS and forklift/motive power applications. Products and services include LithiumIon, Nickel Cadmium, sealed VRLA (AGM and Gel), wet cell batteries, as well as custom designed power products; chargers, testing and monitoring equipment; storage systems; and skilled technical support.

Country: USA

Sector: Utilities

Target: Quality Standby Services

Buyer: High Road Capital Partners

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jul 17, 2019
Words:303
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