Palladium Energy, a manufacturer of lithium-based battery packs and power supplies and a portfolio company of Marlin Equity Partners, has completed the acquisition of MicroSun Technologies, a provider of lithium-based batteries and chargers.
The acquisition expands Palladium’s position in the medical, military, industrial, commercial and consumer electronics markets. “By blending Palladium and MicroSun’s technical expertise, supply partnerships, industry leading testing and qualification, and global lean manufacturing capabilities, we are confident that Palladium will lead the industry and challenge what’s possible when it comes to best-in-class custom power solutions,” said Bob Leggett, operating partner at Marlin.
MicroSun Technologies designs and manufactures lithium-based batteries and chargers used in the medical, commercial/industrial and military markets. The company has manufacturing operations in the United States and Malaysia. MicroSun Technologies was founded in 2003 and is headquartered in Woodridge, IL (www.microsuntech.com).
MicroSun’s president and chief operating officer, John Gatti, will become the president and chief executive officer of Palladium, effective immediately. Palladium’s former president and chief executive officer, Art Salyer, will take on the role of chief advisor with the company. “We are excited to have Mr. Gatti’s proven strategic leadership and more than 25 years of aerospace and defense, engineering and technology, program management and enterprise integration experience from companies like BAE Systems and Raytheon,” said Mr. Leggett.
Palladium Energy is a provider of custom battery packs, power supplies and electromechanical assemblies for a variety of markets including medical, military, commercial, industrial and consumer electronics. The company has manufacturing facilities in the United States, Brazil and China. Palladium Energy was founded in 1974 and is headquartered in Lisle, IL (www.palladiumenergy.com).
Marlin Equity Partners invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change. The firm is based in Los Angeles, CA (www.marlinequity.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-20-12