Washington, DC (September 4, 2012) – FOCUS LLC, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced that Storage Battery Systems, Inc. (SBS) has been recapitalized by Supply Chain Equity Partners. FOCUS represented Storage Battery Systems in the transaction.
Established in 1915 and headquartered in Menomonee Falls, Wisconsin, Storage Battery Systems provides critical and reserve power solutions that address a range of customer applications across many industries.
According to Scott Rubenzer, one of the SBS owners, “My brothers and I had spent 40 years building the family business and we wanted the best for the 150 employees that have become part of our extended family. As we approached retirement, the decision to look for a financial partner for SBS was not an easy one to make.”
Bill Rubenzer, another owner of SBS, added, “We hired FOCUS Investment Banking and with their guidance realized that bringing in a financial investor to partner with would be the best course of action for our family, our employees and the business. FOCUS helped us identify a number of potential investors and with their assistance we ultimately selected Supply Chain Equity Partners.”
Supply Chain Equity Partners, located in Cleveland, Ohio, is a rare private equity firm in that it focuses exclusively on businesses with significant distribution and supply chains.
Abraham Garver, FOCUS Managing Director added, “The Rubenzer brothers are planning to continue ownership and working at Storage Battery Systems and are excited about the growth opportunities they will have with Supply Chain Equity Partners. This transaction is a win/win for all involved.”
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
About FOCUS LLC
FOCUS LLC provides a range of middle market investment banking services with an emphasis on mergers, acquisitions, divestitures and corporate finance. FOCUS is a national firm serving clients from offices in major cities across the United States. FOCUS specializes in business units with transactions or revenues in the $5-300 million range, serving entrepreneurs, corporate owners and various types of investors across a broad range of industries, throughout the U.S. and worldwide. FOCUS bankers are seasoned operating and financial executives with extensive transaction experience. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS, visit www.focusbankers.com.