.
MergerLinks Header Logo

New Deal


Announced

Completed

H.I.G. Capital completed the acquisition of Continental Batteries from Incline Equity Partners.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

aftermarket batteries

Acquisition

Completed

Majority

Friendly

Domestic

Single Bidder

Private Equity

United States

Electrical Components

Private

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US