M&A Deal Summary

Voltyx Acquires EPSII

On April 21, 2021, Voltyx acquired engineering company EPSII from Industrial Growth Partners

Acquisition Highlights
  • This is Voltyx’s 1st transaction in the Engineering sector.
  • This is Voltyx’s 2nd transaction in the United States.
  • This is Voltyx’s 1st transaction in Missouri.

M&A Deal Summary
Date 2021-04-21
Target EPSII
Sector Engineering
Buyer(s) Voltyx
Sellers(s) Industrial Growth Partners
Deal Type Add-on Acquisition

Target

EPSII

Maryland Heights, Missouri, United States
EPSII is a provider of outsourced electrical engineering, testing, repair, and maintenance services. EPS focuses on highly technical testing and engineering services that occur in electrical substations covering a broad range of equipment including protective relay and control systems, breakers, transformers, batteries, and switchgear. EPSII is founded in 1977 and headquartered in Maryland Heights, Missouri.

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Buyer(S) 1

Buyer

Voltyx

Nashville, Tennessee, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

Voltyx provides highly technical, outsourced substation services to a diverse universe of utility, renewable, data center, industrial, and other customers nationwide. Voltyx provides a comprehensive, specialized service offering across transformers, protective relays, and control systems and other related substation apparatus equipment such as breakers, batteries, and switchgear. Voltyx is based in Nashville, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 North American Substation Services

Alamonte Springs, Florida, United States

North American Substation Services is an independent repair, maintenance, and installation provider for electric utility substations. North American Substation Services was founded in 2005 and is based in Altamonte Springs, Florida.

Buy -

Seller(S) 1

SELLER

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 27 of 33
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 12 of 17
State (Missouri) 3 of 3
Country (United States) 27 of 33
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 North American Substation Services

Alamonte Springs, Florida, United States

North American Substation Services is an independent repair, maintenance, and installation provider for electric utility substations. North American Substation Services was founded in 2005 and is based in Altamonte Springs, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 AEM

San Diego, California, United States

AEM designs and produces mission-critical, passive circuit protection components through two divisions. AEM’s A&D division provides advanced, high-reliability fuses, ferrite chip beads, and tin whisker mitigation products for satellite, defense, and aerospace applications. AEM’s Commercial division provides high-end SolidMatrix® and AirMatrix® surface mount fuses and inductive components for commercial applications, including IT, visual display, automotive and EV, power tools, lithium battery, 5G, IoT, security devices, and telecom. AEM is based in San Diego, California.

Buy -
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