Deal Synopsis:
The Lenox Group advised Electronic Systems Protection Inc. (“ESP”) on the sale of its operating assets to Gridiron Capital, LLC in partnership with Company management. ESP, headquartered in Zebulon, North Carolina, is the leading manufacturer of power protection technology for the office technology industry. The Company’s devices provide unparalleled protection for equipment vulnerable to electrical power disturbances including surges, ground noises, dirty power disruptions, lightning and other harmful voltage transients. Types of equipment protected include copiers, fax machines, modems and other electronic equipment with microprocessors and other sensitive components. ESP’s patented power filtration and power protection technology is certified and approved by the leading standard and safety organizations, and its products have become the choice for power protection by many of the world’s premier electronic equipment manufacturers.
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals have historically achieved superior investment returns by employing a combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages.