NDSL Group Acquired by RLE Technologies in Strategic Merger
Deal News | Dec 11, 2024 | Mesirow Financial Private Equi
Mesirow Financial, a renowned financial services firm, acted as the exclusive financial advisor on the sale of NDSL Group, a manufacturer of remote battery monitoring solutions, to RLE Technologies, a portfolio company of May River Capital. This transaction marks a significant merger forming a new platform company, Parameter, under the May River Capital umbrella. NDSL operates primarily from Raleigh, North Carolina, providing essential services within the data center and utility markets known for demanding high power reliability. Trusted brands under NDSL like Cellwatch and Frontier are recognized for their high-quality solutions. After over 35 years, NDSL's Chairman, John Laurie, expressed confidence in Mesirow's expertise in finding the ideal acquirer who could carry forward the company's legacy. Mesirow's commitment to leveraging its industry expertise was emphasized by Nathan Moeri, Managing Director, underscoring their role in the deal and the potential for the joint operations of NDSL and RLE Technologies in critical infrastructure solutions.
Sectors
- Industrial Technology
- Financial Services
Geography
- United States – NDSL Group operates primarily in Raleigh, North Carolina, and is involved in significant industrial projects within the U.S.
- United Kingdom – NDSL Group is a UK entity and is involved internationally as part of this cross-border transaction.
Industry
- Industrial Technology – The transaction involves companies that specialize in industrial technology solutions for battery monitoring, essential in data centers and utilities.
- Financial Services – Mesirow Financial, a financial advisor, plays a crucial role in overseeing the transaction, showcasing their expertise in financial services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NDSL Group | Target | Company | A UK-based company specializing in remote monitoring solutions for battery health in critical missions. |
| RLE Technologies | Bidding Company/Buyer | Company | A company acquiring NDSL Group, expanding its capabilities in technology solutions for critical data centers and infrastructure. |
| May River Capital | Portfolio Owner | Company | Parent company to RLE Technologies, overseeing the formation of the new platform company, Parameter. |
| Mesirow Financial | Financial Advisor | Company | Acted as the exclusive financial advisor in the transaction, renowned for its expertise in industrial technology sector transactions. |
| John Laurie | Chairman | Person | Chairman of NDSL Group, involved in overseeing the sale of the company. |
| Earl Philmon | CEO | Person | CEO of NDSL Group, involved in executing the company sale. |
| Mike Blazes | CEO | Person | CEO of RLE Technologies, involved in the acquisition process of NDSL Group. |
| Nathan Moeri | Managing Director | Person | Managing Director of Mesirow Financial Investment Banking, played a key role in the transaction. |