ERP Power has sold a majority stake to Angeles Equity Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, announced that it has served as financial advisor to ERP Power, LLC (“ERP” or the “Company”) in its recapitalization transaction initiated by Angeles Equity Partners, LLC (“Angeles”).
This represents the 54th transaction Lincoln International has completed for entrepreneurial/family-owned businesses since January 2015, which makes Lincoln International one of the most active advisors to owners of private companies globally.
This also marks the seventh sale or recapitalization of a LED-related company, making Lincoln International one of the most active advisors to LED-related businesses.
ERP is a leading provider of LED drivers enabling the lighting industry evolution from analog to digital. ERP products enable LED lighting manufacturers to gain market advantage and fill the compliance gap by rapidly integrating simple, low-cost, easy-to-use and energy-efficient controls into their existing commercial, industrial and architectural lighting products. Small, yet powerful, ERP products deliver an industry-leading combination of compact size, extensive dimmer compatibility, and high efficiency at competitive cost for LED lighting deployments in bank branches, factories, hotels, horticulture, office buildings, retail stores, stadiums, street lights, supermarkets, theaters, and warehouses.
Michael Archer, CEO of ERP, commented, “Lincoln was instrumental in finding ERP the right strategic partner with both industry expertise and value-added capital. We are looking forward to partnering with Angeles to execute the next phase of our growth plan.”
Jordan Katz and Tim Meyer, co-founders and managing partners of Angeles Equity Partners, added, “We appreciate the Lincoln team introducing us to ERP on a proprietary basis and facilitating the transaction. We are excited to partner with the ERP management team to realize the Company’s full growth potential and drive industry consolidation through an aggressive M&A strategy.”
Lincoln acted as the exclusive financial advisor to ERP, working closely with the management team and shareholders throughout the process. This included providing strategic advice, supporting due diligence and negotiating key terms of the transaction for ERP.
About Energy Recovery Products
Established in 2004, ERP designs and manufactures energy-efficient LED driver power electronics for commercial and industrial applications. Small, yet powerful, ERP products deliver an industry-leading combination of compact size, extensive dimmer compatibility, and high efficiency at competitive cost. Headquartered in Moorpark, California, ERP owns and operates its own ISO 9001 certified manufacturing facility to ensure quality of design, sourcing, production and testing. Learn more online at www.erppowerllc.com.
About Angeles Equity Partners, LLC
Based in Los Angeles, Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of industrial sectors and specifically targets businesses which it believes can directly benefit from the firm’s deep expertise in operational transformation and strategic repositioning. This skill set drives the firm’s investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at www.angelesequity.com.
Meet our Senior Team
View More Transactions
Lincoln International is pleased to announce that Turf Design has been sold to Armstrong World Industries (NYSE: AWI), a leading provider of ceiling and wall solutions for commercial and residential construction end markets
Lincoln International has advised Airsweb on its sale to EcoOnline, a Norway-based company backed by Goldman Sachs, Summa Equity and Viking Venture
Lincoln International is pleased to announce that UAS Laboratories LLC, a portfolio company of Lakeview Equity Partners, LLC, has been sold to Chr. Hansen Holding A/S (CPSE:CHR), a leading, global bioscience company that develops natural ingredient solutions for the food, nutritional, pharmaceutical and agricultural industries
Lincoln International is pleased to announce that Sparton Corporation, a portfolio company of Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), has sold its manufacturing and design services division (“MDS”) to One Equity Partners