NDSL Merges into RLE Technologies to Form Parameter
Deal News | Dec 12, 2024 | PR Newswire Cision May River Capital, LLC
In a strategic move to fortify solutions for critical infrastructures, May River Capital has facilitated the merger of NDSL Group Ltd. and RLE Technologies to form a new platform, Parameter. NDSL, known for its Cellwatch solutions, and RLE, an expert in environmental monitoring, bring a combined experience of over 70 years to this new venture. Based in Chicago, May River Capital, a private equity firm specializing in industrial growth, aims for Parameter to enhance real-time operational insights for critical markets, notably data centers and utilities. Parameter's holistic approach will address the increasing energy needs driven by AI advancements. The merger, with financial guidance from Mesirow Financial and Livingstone Partners, and legal advice from Laytons LLP and Paul Hastings LLP, highlights May River's commitment to innovation in industry-critical technologies.
Sectors
- Private Equity
- Data Center Infrastructure
- Energy & Utilities
Geography
- United States – May River Capital is based in Chicago, and RLE Technologies in Colorado, making the U.S. a primary geographic focus.
- United Kingdom & China – Parameter has a presence in the UK and China through its operations in Milton Keynes and Shanghai, respectively.
Industry
- Private Equity – May River Capital, a private equity firm, facilitated the merger demonstrating typical industry activity.
- Data Center Infrastructure – The merger focuses on enhancing solutions for data centers, an integral part of this industry.
- Energy & Utilities – NDSL's Cellwatch products serve utilities, a primary market for the newly formed Parameter.
Financials
- Not Disclosed – The financial terms of the merger were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| May River Capital | Private Equity Firm | Company | A Chicago-based private equity firm focused on industrial growth investments. |
| NDSL Group Ltd. | Target Company | Company | A provider of battery monitoring solutions known for its Cellwatch products. |
| RLE Technologies | Merging Company | Company | Specializes in environmental monitoring and management solutions. |
| Parameter | New Platform | Company | The new entity formed from the merger of NDSL and RLE Technologies. |
| Dan Barlow | Partner at May River Capital | Person | Expressed excitement about the merger and its benefits. |
| Earl Philmon | CEO of NDSL | Person | Highlighted NDSL’s synergies with RLE and future growth opportunities. |
| Mike Blazes | CEO of RLE Technologies and Parameter | Person | Emphasized the strategic vision of Parameter. |
| Mesirow Financial | Financial Advisor | Company | Provided financial advisory services to NDSL. |
| Laytons LLP | Legal Advisor | Company | Served as legal counsel for NDSL. |
| Livingstone Partners LLC | Financial Advisor | Company | Advised May River Capital financially. |
| Paul Hastings LLP | Legal Advisor | Company | Provided legal services to May River Capital. |
| Tree Line Capital Partners | Debt Financing Provider | Company | Financed the acquisition with debt funding. |