January 24, 2018 | News Brief | GTCR, a leading private equity firm, has signed a definitive agreement to acquire EaglePicher Technologies, LLC from certain funds affiliated with affiliates of Apollo Global Management, LLC. EaglePicher is a provider of mission-critical power solutions for customers in the defense, aerospace and medical end markets. GTCR will partner with CEO Gordon Walker and the current management team to separate EaglePicher from the other subsidiaries of its parent company, Vectra Corp., and create a standalone business that will allow management to focus on driving continued growth and operational improvement initiatives.
Founded in 1843 and headquartered in St. Louis, Missouri, EaglePicher develops specialized batteries and advanced power management systems for a diverse range of defense, aerospace, and medical applications. The company has entrenched sole-supplier relationships with many of its customers in support of high priority programs. EaglePicher has approximately 800 full-time employees and a portfolio of more than 100 US patents.
“EaglePicher has a storied legacy and is a recognized leader in providing high performance energy solutions to its demanding end markets,” said GTCR Managing Director Craig Bondy. “Gordon and his team have done an extraordinary job driving strong operational performance while continuing to extend the company’s reach into new applications. We are excited to be partnering with the company to support its next phase of growth.”
“The management team at EaglePicher is tremendously excited to partner with GTCR,” said Gordon Walker. “We have an exceptional opportunity to accelerate growth and make investments in technology and products to provide leading energy solutions for our customers. GTCR’s reputation and track record for investing in and growing businesses built on technology is impressive. This makes them an ideal partner for EaglePicher and I am very excited to collaborate with them on this opportunity.”
The transaction is expected to close during the first quarter of 2018.