BB&T Capital Markets Serves as Exclusive Financial Advisor to Storage Battery Systems in its Sale to High Road Capital Partners
On May 19, 2017, Power Storage Solutions, LLC and subsidiaries, doing business as Storage Battery Systems (“Storage Battery Systems” or the “Company”), a portfolio company of Supply Chain Equity Partners (“Supply Chain”), was acquired by High Road Capital Partners (“High Road”). BB&T Capital Markets served as the exclusive financial advisor to Storage Battery Systems.
About the Companies
Storage Battery Systems is a specialty value-added distributor and assembler of Company-branded, rechargeable industrial battery solutions and test equipment for motive and stationary power applications. The Company offers a consultative sales approach and custom assembles each battery solution based on the customer requirements. Storage Battery Systems is based in Menomonee Falls, WI.
Supply Chain Equity Partners, headquartered in Tampa, FL, focuses exclusively on the distribution industry. The firm acquires or invests solely in wholesale (business-to-business) distributors and related logistics companies that are a critical link in the supply chain, regardless of sub-sector. Supply Chain is a value-added private equity fund founded and led by distribution industry veterans. Learn more about Supply Chain at www.supplychainequity.com.
High Road Capital Partners, headquartered in New York, NY, is a private equity firm focused on buying and building leading companies in the middle and lower middle market. The firm seeks investment opportunities with attractive growth prospects that are well positioned within their respective market niches. High Road’s mission is to work together with management to develop and implement strategies to build value and take companies to the next level. Learn more about High Road at www.highroadcap.com.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.