Storage Battery Systems LLC, Menomonee Falls, WI, has been acquired by private equity firm High Road Capital Partners, New York, NY, from Supply Chain Equity Partners, marking the seventh platform acquisition for High Road Capital Partners Fund II. Storage Battery Systems is an assembler and value-added distributor of branded, rechargeable industrial battery solutions and test equipment for motive, stationary and standby power applications.
“The SBS team looks forward to working with High Road to expand our geographic presence and accelerate our growth in motive power,” said John Bondy, president, Storage Battery Systems. “In addition, SBS is well positioned to capitalize on the significant growth opportunity in the standby power market nationwide and in Canada and, with High Road’s support, will accelerate these growth initiatives.”
Bondy will continue to lead the company post-closing. He and other members of SBS’ senior management team invested in the transaction alongside High Road.
High Road Capital Partners has completed 42 transactions – 17 platform investments, 20 add-on acquisitions and five exits – since its founding in 2007.
