Kohlberg has acquired Myers EPS from Graham Partners. No financial terms were disclosed. Headquartered in Bethlehem, Pennsylvania, Myers EPS is a maker of backup power solutions for emergency lighting.
MT. KISCO, N.Y.–(BUSINESS WIRE)–Myers EPS (or the “Company”), a leading designer & manufacturer of highly engineered emergency lighting backup power technology, announced today that it has been acquired by Kohlberg & Company, LLC (“Kohlberg”), a private equity firm headquartered in Mt. Kisco, NY, from Graham Partners (“Graham”). The Company’s management team, led by CEO John Daly, will continue to lead Myers EPS and Graham will also retain a significant ownership position in the Company. Additional terms of the transaction were not disclosed.
Headquartered in Bethlehem, PA, Myers EPS is the preeminent manufacturer of backup power solutions for emergency lighting. The Company provides integrated technology solutions mandated by building and construction safety codes to mission critical industries such as data centers, government buildings, distribution warehouses, and healthcare centers. Myers EPS’ products include centralized and mini inverters, which supply power to critical end markets during an outage. In addition, through its acquisition of LVS in 2019, Myers EPS is an industry leader in emergency lighting controls, a fast growing and complementary product line for inverters. With approximately 160 employees, the Company operates two facilities located in Bethlehem, PA and San Leandro, CA.
“Over the past several years, we have experienced strong growth as the market leader in the backup emergency lighting market,” said John Daly, CEO of Myers EPS. “The Myers EPS team is highly enthusiastic to partner with Kohlberg for our next phase of growth as we look to expand our capabilities and enhance our ability to meet our customers’ needs.”
“We are delighted to partner with Myers EPS and its management team. The Company has established itself as the leading platform for backup power solutions in the emergency lighting industry,” said Jean Roberts, Partner of Kohlberg. “We believe the Company is well positioned to accelerate its growth trajectory and we look forward to supporting John and the team in the execution of their strategic plan.”
Harris Williams & Co. served as financial advisor and Dechert LLP served as legal counsel to Myers EPS. William Blair LLC served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Kohlberg.
About Myers Emergency Power Systems (EPS)
Myers EPS is a leading designer and manufacturer of backup power solutions for emergency lighting systems across a variety of end markets. Myers EPS’ products include centralized, mini and micro inverters as well as emergency lighting controls, which supply power to critical end markets during an outage. Headquartered in Bethlehem, Pennsylvania, the company is the leader in the centralized emergency lighting inverter segment and is well-positioned for high growth in micro inverters and other segments. Through its acquisition of LVS in 2019, Myers EPS is an industry leader in emergency lighting controls, a fast growing and complementary product line for inverters.
About Kohlberg & Company, LLC
Kohlberg & Company, LLC (“Kohlberg”) is a leading private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has organized nine private equity funds, through which it has raised over $12 billion of committed equity capital. Over its 34-year history, Kohlberg has completed 85 platform investments and over 200 add-on acquisitions, with an aggregate transaction value of nearly $30 billion. For more information, please visit www.kohlberg.com.