Evolve Capital has sold Mission Critical Electronics to Windjammer Capital Investors
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce the sale of Mission Critical Electronics (“MCE” or the “Company”), a portfolio company of Evolve Capital (“Evolve”), to Windjammer Capital Investors (“Windjammer”).
Headquartered in Santa Ana, California, Mission Critical Electronics (MCE), is a niche-oriented manufacturer of power conversion, battery-charging and battery products operating under the leading brands Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products and American Battery Charging. The Company focuses on critical system applications in specialty vehicle, public safety and industrial / marine applications where durability, reliability and performance are essential to deliver immediately accessible power. MCE’s solutions address application-specific requirements for 4,000 customers across 2,000+ branded SKUs. MCE has continuously provided leading product quality and reliability, with high levels of service that have enabled it to build strong reputations and customer loyalty in its served markets.
“Lincoln ran a very competitive, disciplined process, that, when combined with their deep experience in the power electronics sector, resulted in a highly successful outcome for the Company, its employees and its shareholders,” noted Mike Crothers, Founder of Evolve.
Jeff Baker, Principal of Evolve, added, “We were very impressed with Lincoln’s senior-level attention throughout the deal process and ability to overcome obstacles to get us to a successful closing.”
Alan Pemberton, Chief Executive Officer of MCE, commented, “We are very excited with the outcome of the transaction. The Lincoln team had a fundamental understanding of MCE’s value proposition and acted as a partner to management from day one. We are eager to embark on the next phase of our Company’s continued growth with Windjammer, who we believe will be an excellent partner to help grow the Company both organically and through add-on acquisitions.”
Lincoln acted as the exclusive financial advisor to Evolve and MCE, working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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