Gridiron Capital has sold ESP/SurgeX to AMETEK

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce the sale of ESP/SurgeX (“ESP/SurgeX” or the “Company”), a portfolio company of Gridiron Capital, LLC (“Gridiron”), to AMETEK, Inc. (“AMETEK”), for approximately $130 million.

Founded in 1985 and headquartered in Knightdale, North Carolina, ESP/SurgeX is the leading provider of cutting-edge technology for on-site and remote power protection, monitoring and diagnostic solutions. The Company provides highly engineered and customizable plug-level power protection, surge elimination and energy management products to the business equipment, imaging, audio visual, information technology, gaming and vending industries. Its products offer standalone power protection, system control and monitoring, remote diagnostics, predictive maintenance and communications to increase system uptime, reduce OEM service expense and troubleshoot power disturbances. ESP/SurgeX will become part of the AMETEK Power Systems and Instruments Division of its Electronic Instruments Group (EIG), a recognized leader in advanced monitoring, testing, calibrating and display instruments with annual sales of $2.4 billion.

“Lincoln’s knowledge of power electronics and deep understanding of the best strategic buyers for the Company enabled them to advocate ESP/SurgeX’s unique value proposition and drive a successful sale process,” said Thomas A. Burger, Gridiron Capital Co-Founder and Managing Partner.

Lincoln acted as financial co-advisor to Gridiron Capital and ESP/SurgeX in this transaction, 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.

Gridiron Capital has sold ESP/SurgeX to AMETEK
  • 2016
    Close Year
  • Energy, Power & Infrastructure | Industrials
  • Private Equity
    Client Type
  • Strategic | Domestic
    Transaction Type
  • USA

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