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by Stephen Perry on 02/05/2020
Irvine, CA (February 5th, 2020) – Janes Capital Partners advised IntelliPower, Inc. on its sale to AMETEK, Inc. (NYSE: AME) (“AMETEK”) for approximately $115 million. Headquartered in Orange, California, IntelliPower is a leading provider of high-reliability, ruggedized uninterruptable power systems serving a wide range of defense and industrial applications. IntelliPower designs and manufactures a broad portfolio of ruggedized solutions including uninterruptable power systems, external battery packs, power distribution units and power conditioners. These products protect mission-critical applications by utilizing high-efficiency, DSP based power-switching technology which can be remotely monitored and managed.
Founded in 1988, IntelliPower is a market leader in the design and manufacture of rugged uninterruptable power systems, external battery packs, power distribution units and power conditioners for mission-critical applications in the defense and industrial markets. The Company is a key supplier of rugged power solutions for prominent military programs across the U.S. Department of Defense, including the U.S. Navy, U.S. Army, U.S Marine Corps, U.S. Air Force, and U.S. Coast Guard. IntelliPower joins AMETEK as part of its Electronic Instruments Group (EIG) – a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.
Bill Shipman, CEO of IntelliPower, said “Janes Capital Partners provided excellent support throughout the transaction, going above and beyond in many cases to help achieve an outstanding outcome. We were impressed by the team’s industry expertise, professionalism and dedication that were instrumental in delivering maximum shareholder value.
About AMETEK
AMETEK (www.ametek.com) is a global manufacturer of electronic instruments and electromechanical devices with annual sales of approximately $5.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500.
About IntelliPower
IntelliPower (www.intellipower.com) founded in 1988, designs and manufactures high-performance, reliable power protection systems for harsh environments. Based in the U.S.A. with ISO 9001:2008 certified facilities, IntelliPower is the leading supplier of rugged COTS UPS systems for the military, supporting major DoD programs and UAV controller backups. They also provide industry-leading solutions for industrial and mission-critical commercial applications, offering advanced True Digital Technology, modular configurability, and over 400 enclosure designs. IntelliPower products are proudly designed, built, and supported in the U.S.A., serving customers worldwide.
About Janes Capital Partners
Based in Irvine, CA, Janes Capital Partners (www.janescapital.com) is a leading investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 80 successful A&D transactions and $5.5 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.
Janes Capital Partners is an independent financial advisory firm that is affiliated with Oaklins International Inc (www.oaklins.com). Oaklins is the world’s most experienced mid-market M&A advisor, with 850 professionals globally and 15 dedicated industry teams in 45 countries.