M&A Deal Summary

Interstate Battery System International Acquires NextGen Power Systems

On May 31, 2003, Interstate Battery System International acquired energy services and equipment company NextGen Power Systems from Irving Place Capital

Acquisition Highlights
  • This is Interstate Battery System International’s 1st transaction in the Energy Services and Equipment sector.
  • This is Interstate Battery System International’s 1st transaction in the United States.
  • This is Interstate Battery System International’s 1st transaction in Colorado.

M&A Deal Summary
Date 2003-05-31
Target NextGen Power Systems
Sector Energy Services and Equipment
Buyer(s) Interstate Battery System International
Sellers(s) Irving Place Capital
Deal Type Add-on Acquisition

Target

NextGen Power Systems

Greenwood Village, Colorado, United States
NextGen Power Systems was a provider of power supply solutions. The company sold, installed, and serviced batteries, generator sets, transfer switches, inverters, and rectifiers supplied by various manufacturers.

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Buyer(S) 1

Buyer

Interstate Battery System International

Dallas, Texas, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

Interstate Battery System International, Inc. provides portable power solutions.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1

Seller(S) 1

SELLER

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.

DEAL STATS #
Overall 5 of 39
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 17
State (Colorado) 1 of 1
Country (United States) 5 of 32
Year (2003) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-02 Vitamin Shoppe

Secaucus, New Jersey, United States

Vitamin Shoppe, Inc. is a specialty retailer and direct marketer of vitamins, minerals and nutritional supplements, offering a broad line of products at discounts to list prices. Vitamin Shoppe, Inc. was founded in 1977 and is based in Secaucus, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-06 Reddy Ice Holdings

Dallas, Texas, United States

Reddy Ice Holdings, Inc. is a manufacturer and distributor of packaged ice in the United States. The Company sells its products primarily under the widely known Reddy Ice® brand to a variety of customers in 37 states and the District of Columbia. Reddy Ice provides a broad array of product offerings in the marketplace through traditional direct store delivery, warehouse programs, and its proprietary technology, The Ice Factory®.

Buy -
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