Myers Emergency Power Systems, LLC
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Myers Emergency Power Systems, LLC - overview
Established
1950
Location
Bethlehem, PA, US
Primary Industry
Power & Utilities
About
Based in the US, Myers Emergency Power Systems specializes in advanced backup power solutions, including battery energy storage systems and inverters, designed to ensure reliable power during outages for various industries. Myers Emergency Power Systems, LLC designs and manufactures advanced power solutions, focusing on battery energy storage systems and emergency control devices. Founded in 1950 in Bethlehem, US, the company was acquired by Kohlberg & Company in August 2021 from Graham Partners and Harvey & Company. John Daly currently serves as CEO.
The company has a history of two deals, with its most recent deal occurring on August 18, 2021. Myers Emergency Power Systems specializes in designing and manufacturing advanced backup power solutions, particularly in battery energy storage systems (BESS) and inverters. Their flagship product, the EnerShed battery energy storage system, offers reliable power during outages for industrial and commercial applications. The company also produces compact three-phase and single-phase inverters for efficient energy management.
They serve a diverse clientele including emergency lighting, transit systems, cable networks, and traffic management, ensuring solutions that meet operational needs across North America and Europe. Myers Emergency Power Systems generates revenue through direct sales of their battery energy storage solutions and inverters to businesses requiring reliable energy systems. The sales are primarily B2B, targeting industrial facilities, healthcare institutions, and educational establishments. Pricing reflects the specialized nature of the products, with significant investments in advanced manufacturing to ensure reliability and performance.
The company forms long-term partnerships with clients, integrating service agreements for maintenance and support, contributing to recurring revenue streams. With the acquisition by Kohlberg & Company in August 2021, Myers Emergency Power Systems plans to accelerate growth by launching new products and expanding into new markets. The company aims to introduce advanced energy storage solutions tailored for various industries and regions. Specific geographic expansions are targeted within North America and Europe, aligning with their strategic growth initiatives.
Funding from the acquisition will support these endeavors, underpinning their commitment to enhancing product offerings and market presence.
Current Investors
Graham Partners, Kohlberg & Company, Harvey & Company
Primary Industry
Power & Utilities
Sub Industries
Electric Utilities, Power Generation Equipment & Services
Website
www.myerseps.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Myers Emergency Power Systems, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Storage Power Solutions | - | ||||||||
| Secondary Buyout | Completed | Myers Emergency Power Systems, LLC | - | ||||||||
| Buyout | Completed | Myers Emergency Power Systems, LLC | - |
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