Myers EPS Charges Forward
February 1st, 2024
PHILADELPHIA
Myers EPS Completes Two Add-on Acquisitions in Under One Year
Graham Partners, a private investment firm targeting advanced manufacturing companies, is pleased to announce that one of its holdings, Myers Emergency Power Systems, LLC (“Myers EPS”), a designer and manufacturer of highly engineered emergency lighting backup power technology, has completed two add-on acquisitions in less than one year. Most recently, Myers EPS made the transformative acquisition of a battery energy storage solutions provider, Storage Power Solutions (“SPS”).
Headquartered in Ontario, Canada, SPS is a founder-owned provider of battery energy storage solutions – designing, manufacturing, and distributing lithium-iron-phosphate based battery energy storage. The acquisition of SPS enables Myers EPS to expand its existing product offering into high-growth, regulatory-driven, energy efficiency categories that the company believes will drive meaningful results for its customers. In concert with the acquisition of SPS, Myers EPS has launched its EnerShed™ product line, a smart energy storage solution with scalability starting from 60kW and capabilities to serve a wide range of end market environments. EnerShed™ reduces customers’ reliance on the energy grid, manages energy usage and pricing fluctuations, and ultimately helps to decrease energy costs. Additionally, EnerShed™ meets the compliance requirements for California’s Title 24 solar plus storage regulations.
Earlier last year, Myers EPS acquired Emergency Lighting Equipment Service Company (“Elesco”). Elesco is headquartered in Mesa, Arizona, and formerly served as Myers EPS’ largest service provider. Acquiring Elesco has since expanded Myers EPS’ emergency lighting field service capabilities.
Graham initially acquired a majority interest in Myers EPS in July 2018 as a carve-out of Myers Power Products, Inc. After supporting the company’s path to independence and contributing to accelerated growth at the company, Graham sold its majority interest in Myers EPS to Kohlberg & Company in August 2021, while retaining a minority ownership position in the company.
About Myers EPS
Myers EPS is at the forefront of innovation, offering integrated technology solutions mandated by building and construction safety codes to mission-critical industries, including education, data centers, government buildings, distribution warehouses, and healthcare centers. Myers EPS serves over 10,000 customers globally across its extensive product lineup, which encompasses centralized and mini inverters, and our products ensure that critical infrastructure settings receive uninterrupted power during outages.
FOR FURTHER INFORMATION CONTACT:
Rob Newbold (rnewbold@grahampartners.net)
Christina Morin (cmorin@grahampartners.net)
Tel: (610) 408-0500