M&A Deal Summary

Briggs & Stratton Acquires SimpliPhi Power

On September 7, 2021, Briggs & Stratton acquired energy services and equipment company SimpliPhi Power

Acquisition Highlights
  • This is Briggs & Stratton’s 1st transaction in the Energy Services and Equipment sector.
  • This is Briggs & Stratton’s 4th transaction in the United States.
  • This is Briggs & Stratton’s 1st transaction in California.

M&A Deal Summary
Date 2021-09-07
Target SimpliPhi Power
Sector Energy Services and Equipment
Buyer(s) Briggs & Stratton
Deal Type Add-on Acquisition
Advisor(s) Needham & Co. LLC (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

SimpliPhi Power

Oxnard, California, United States
SimpliPhi Power designs and manufactures efficient, non-toxic, and enduring energy storage and management systems that utilize environmentally benign lithium ferrous phosphate (LFP) battery chemistry. SimpliPhi Power is based in Oxnard, California.

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Buyer(S) 1

Buyer

Briggs & Stratton

Wauwatosa, Wisconsin, United States
Category Company
Founded 1908
Sector Machinery
Revenue 1.8B USD (2019)
DESCRIPTION
Briggs & Stratton office in Wauwatosa, Wisconsin.
Briggs & Stratton office in Wauwatosa, Wisconsin.

Briggs & Stratton is a producer of gasoline engines for outdoor power equipment, and is a designer, manufacturer and marketer of power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton, Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco, and Victa brands. Briggs & Stratton products are designed, manufactured, marketed, and serviced in over 100 countries on six continents. Briggs & Stratton was formed in 1908 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 6 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (California) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Ground Logic

Lincoln, Nebraska, United States

Ground Logic, Inc. is a designer and manufacturer of premium stand-on commercial spreaders and spreader/sprayers for fertilizer and pesticide-herbicide lawn applications on mid- to large-sized residential and commercial properties.

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Legal