Announced
Completed
Financials
Tags
aftermarket batteries
Acquisition
Completed
Majority
Friendly
Domestic
Single Bidder
Private Equity
United States
Electrical Components
Private
Synopsis
H.I.G. Capital, a global alternative investment firm, completed the acquisition of Continental Batteries, a distributor of aftermarket batteries to the electric utility vehicle, automotive, commercial, marine and industrial markets. Financial terms were not disclosed. "We are excited to enter into this new chapter with H.I.G. as we continue to further enhance the Continental breadth and reach of our offering to better serve our customers. H.I.G.'s distribution experience combined with its proven ability to help companies grow through acquisition and market consolidation will enable Continental to accelerate our successful growth trajectory," Eric Royse, Continental Batteries CEO.
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