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News & Events

Marlin Equity Partners Acquires Battery Systems Business from Tyco Electronics

March 31, 2009 ( Los Angeles, CA) – Marlin Equity Partners announced the purchase the Battery Systems business from Tyco Electronics, Ltd. and has subsequently formed a new company, Palladium Energy, which is headquartered in Naperville, IL. Palladium integrated the existing management and staff and continued operations with no disruption for customers and suppliers.

The Battery Systems business provides the industry's most innovative, highest quality and safest battery packs to a worldwide customer base for use in a wide variety of electronic devices. Palladium focuses on fast-growing market segments that are incorporating the latest battery cell technology in personal electronic devices, including smart phones and personal navigation devices, medical devices for critical and non-critical monitoring applications, and test & measurement equipment. The company also provides large format batteries to replace legacy lead-acid batteries for data storage applications, such as RAID arrays and uninterruptible power supplies (UPS) for local area and wireless networks.

Palladium's management team will include seasoned industry executives with expertise in materials science, electrochemical engineering and manufacturing, safety standards, cell chemistry research, and large format battery technology. William Sanderson, formerly general manager of Tyco Electronics Battery Systems, will continue with the new company as President and General Manager. Mr. Sanderson joined the business in 2000, when it was known as TDI Batteries and prior to its acquisition by Tyco International that same year.

“The Battery Systems business' legacy represents a proud 35-year record of quality, safety and precision design for major worldwide OEMs,” said Mr. Sanderson. “With the backing of Marlin Equity Partners, our team is excited to penetrate new markets across a broader field of applications. Palladium will extend its industry leadership as the design and manufacturing partner of choice for key suppliers of battery powered devices and equipment in a variety of industry segments.”

Bill Atkinson, Technology Group President of Marlin Equity Partners, is overseeing the investment as CEO and Chairman of Palladium Energy. Mr. Atkinson has more than 25 years of senior-level experience with diverse technology-based companies including VeriFone, Dun & Bradstreet, Vertel Corporation, Titan Corporation, and Expertsoft. “Palladium now has the strategic focus and dedicated resources required to take advantage of the growing demand for battery power in mobile and stationary applications that are revolutionizing access to information and digital content,” said Mr. Atkinson.

Nick Kaiser, a Principal with Marlin Equity Partners, added, “As the trusted worldwide leader in the design and manufacture of custom battery packs and systems, this business is a tremendous asset that can now thrive with the benefit of Marlin Equity Partners' resources and expertise. Palladium combines a global footprint with a customer-centric, localized manufacturing and support model that today's device and equipment manufacturers need to ensure the greatest success.”

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