KPMG Corporate Finance LLC (“KPMG CF”) acted as the exclusive financial advisor to Nolan Power Group, LLC (“Nolan Power” or the “Company”) on its sale to High Road Capital Partners (“High Road Capital”). Nolan Power will be combined with Storage Battery Systems (“SBS”) which High Road acquired in May 2017.
Based in Mandeville, Louisiana, Nolan Power is the Gulf Region’s premier provider of stationary power management solutions. It supplies and services reserve power batteries, stationary batteries, chargers and rectifiers, DC power systems, uninterruptible power supply (UPS) systems and supporting products for applications across the industrial, manufacturing, oil and gas, data center and telecommunications markets.
“Nolan Power Group is a leading provider of critical standby power solutions and services, and its top-notch technicians and commitment to service and training have positioned the company as the go-to provider in the Gulf Region,” said Ben Schnakenberg, Partner, High Road Capital.
“Nolan Power’s service offering is highly complementary to SBS, and we look forward to supporting both companies as they look to leverage these capabilities to accelerate growth,” Schnakenberg continued.
“We are thrilled to partner with High Road and SBS to expand our offerings and geographic reach,” said Bobby Nolan, Jr., CEO, Nolan Power. “High Road supports our commitment to be the premier provider of standby power services and solutions, and we are excited to have access to their resources and expertise to take Nolan Power to the next level.”
High Road’s acquisition of Nolan Power closed on July 20, 2018. Transaction consideration was not disclosed.
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