LOS ANGELES, November 19, 2012 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired MicroSun Technologies, LLC (“MicroSun”), a designer and assembler of highly engineered lithium-ion battery packs for portable electronics. MicroSun will be integrated with Palladium Energy (“Palladium”), a Marlin portfolio company, creating one of the industry’s leading providers of highly engineered energy storage solutions.
“The synergistic combination of Palladium and MicroSun, along with Marlin’s operational expertise and significant capital, will further solidify the company’s position as a market leader,” stated John Gatti, former president and COO of MicroSun, who will continue on as president and CEO of Palladium.
Bob Leggett, an operating partner at Marlin, added “By blending Palladium and MicroSun’s technical expertise, supply partnerships, industry leading testing and qualification, and global lean manufacturing capabilities, we are confident that Palladium will continue to lead the industry when it comes to best-in-class custom power solutions.”
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 60 acquisitions. For more information, please visit www.marlinequity.com.
About Palladium Energy
Palladium Energy provides custom battery solutions for electronic devices and electrical equipment such as cell phones, personal navigation devices, medical devices and data storage equipment. With a 35-year history, Palladium is an industry leader in the design and engineering of battery systems that optimize performance, dimension, size/weight, time-to-market and cost. Palladium has certified, independent, in-house testing facilities and operates on a global scale with facilities in the U.S., Brazil and China. For more information, please visit www.palladiumenergy.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.