Windjammer-backed MCE acquires Xantrex

Mission Critical Electronics LLC, a portfolio company of Windjammer Capital Investors, has acquired Xantrex, a provider of inverters, chargers and battery solutions. No financial terms were disclosed. Previously, Xantrex was part of Schneider Electric‘s solar activity. Lincoln International advised Schneider on the deal.

PRESS RELEASE

Windjammer Capital Investors (“Windjammer”) is pleased to announce that its portfolio company, Mission Critical Electronics, LLC (“MCE” or “the Company”) has acquired the global leader in development, manufacturing, and marketing of advanced power electronic products and systems for the mobile power markets, operating under the brand Xantrex. This company was part of the Solar activity of Schneider Electric. Terms of the transaction were not disclosed.

Xantrex provides inverters, chargers, battery solutions, and related products to a variety of mobile end market applications, and is a well‐respected leader in its industry. “We are delighted to have Xantrex join MCE,” said Kevin Moschetti, chief executive officer of MCE. “Its products are high quality, technologically advanced, and valued by its customers. Moreover, the portfolio of mobile power products, end markets, and distribution partners of Xantrex are highly complementary to MCE. The synergies that exist between our companies will provide more value for end‐users, original equipment manufacturers, and distribution partners. Most importantly, I am excited about the new growth platforms available, the talent level of the Xantrex people, and the new career opportunities that will be opened.”

Richard Gaudet, vice‐president and general manager of Xantrex, added, “This is a very exciting juncture for us. Joining forces with MCE – who are as passionate about high quality vehicle and marine power solutions as we are – is sure to deliver tremendous value for our customers, suppliers and other business partners. I am excited at the opportunities this will generate to accelerate our combined growth, the career possibilities for employees and our shared top priority of satisfying our customers.”

Matt Anderson, Managing Director at Windjammer said, “We are excited to work with and support the management team at Mission Critical Electronics in their ongoing organic and acquisition oriented growth strategies. The acquisition of Xantrex’s mobile power assets furthers MCE’s capabilities and end market reach, helping the Company to achieve its mission: keeping the world energized and ready, by delivering power solutions where quality and responsiveness matter.”

Mission Critical Electronics, based in Huntington Beach, California, is a provider of power conversion, battery charging, and battery products under the leading brand names Kussmaul, Newmar, ASEA, Power Products, American Battery Charging, and now Xantrex. The Company focuses on critical system applications in specialty vehicle, public safety, and industrial applications which require high levels of application engineering and reliable, immediately accessible power. Providing solutions for niche, highly specified needs, the Company serves over 4,000 customers across 2,000+ branded SKUs. MCE has continuously provided leading product quality and reliability, together with high levels of service, leading to a strong reputation in the market and high customer loyalty.

Lincoln International served as an advisor to Schneider.

ABOUT WINDJAMMER CAPITAL
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management. Since the firm’s founding in 1990, Windjammer has raised over $3 billion in committed capital, completed over 50 platform acquisitions and over 100 strategic add‐ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.

For more information please visit www.windjammercapital.com.