Ripple Industries completed the acquisition of Schumacher Electric from Lincolnshire Management.

Ripple Industries, a private investment firm, completed the acquisition of Schumacher Electric, a manufacturer and supplier of power supply products, from Lincolnshire Management, a private equity firm. Financial terms were not disclosed. “When we invested in Schumacher in October 2020, we teamed with management to reposition the company for strong growth by executing a multipronged strategy. This was a great team effort that drove results with product extensions into aftermarket EV chargers while also creating new channel partners and OEM relationships to increase distribution," Tom Callahan, Lincolnshire Management Managing Director.