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Palladium Energy Acquires MicroSun Technologies, Forming an Industry Powerhouse



Media Contact:
Rebecca Kritzman
404-518-9454
rkritzman@palladiumenergy.com

 

 

Palladium Energy Acquires MicroSun Technologies,
Forming an Industry Powerhouse 

By merging these two Chicago-based companies, Palladium is now the
largest battery pack integrator in the Americas and Europe 

 

November 19, 2012 (CHICAGO) – Palladium Energy, Inc. (Palladium), a Marlin Equity Partners’ (Marlin) portfolio company and leading manufacturer of custom lithium-based battery packs and power supplies, announced today that it has completed the acquisition of MicroSun Technologies, LLC. (MicroSun), an industry leader in customized power solutions. By joining forces with MicroSun, Palladium is now the largest independent battery pack integrator in the Americas and Europe, with a six-country global footprint, world-class design and manufacturing, as well as rapid prototype and response capabilities. Terms of the acquisition were not disclosed.

 

The acquisition significantly expands Palladium’s position in key markets such as medical, military, industrial, commercial and consumer electronics. In addition, Palladium’s intellectual property and technology position is strengthened through the addition of MicroSun’s Dismounted PowerTM platform architecture, delivering innovative safety, product life extension and ruggedized power solutions for mission critical applications.

 

“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 lead the industry and challenge what’s possible when it comes to best-in- class custom power solutions,” said Bob Leggett, operating partner at Marlin.

 

Alan ElShafei, MicroSun’s founder and chief executive officer, is now a shareholder of Palladium and will be added to the company’s board of directors.

 

“Since founding MicroSun in 2003, I’ve focused on strategically growing our team and product lines,’” said ElShafei. “It’s with tremendous pride that we enter this acquisition with Palladium to increase our customer value, industry position, level of technological innovation and provide new opportunities for our associates.”

 

In addition, MicroSun’s president and chief operating officer, John Gatti, is taking the helm as president and chief executive officer of Palladium, effective immediately.

 

“We are excited to have Mr. Gatti’s proven strategic leadership and more than 25 years of aerospace and defense, engineering and technology, program management and enterprise integration experience from companies like BAE Systems and Raytheon,” said Leggett. “We welcome Mr. Gatti and the MicroSun team.”

 

Former president and chief executive officer, Art Salyer, will take on the role of Palladium’s chief advisor to help support the business through this critical transition.

 

“Building Palladium’s leadership team, expanding our product mix and increasing revenue even during economic and supply chain downturns has been one of my greatest professional accomplishments,” said Salyer. “I’m confident that this great leadership team, with Mr. Gatti’s guidance, will continue to delight our customers and challenge the industry with cutting-edge technology into the future.”

 

“I am excited and welcome the opportunity to lead this powerful industry combination,” said Gatti. “We will work together as one team to deliver the best value and innovation for our customers to help them differentiate themselves in their markets.”

 

 

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About Palladium Energy
Palladium Energy, founded in 1974, is a leading global provider of high-performance power solutions including custom battery packs, power supplies and electromechanical assemblies for a wide variety of markets including medical, military, commercial, industrial and consumer electronics. With headquarters in Lisle, Ill. and manufacturing facilities in the United States, Brazil and China, Palladium combines decades of technology expertise with innovative and flexible engineering, testing and manufacturing capabilities to meet any power challenge. For more information visit www.palladiumenergy.com and follow @PalladiumEnergy on Twitter.

 

About MicroSun Technologies
MicroSun Technologies, founded in 2003, is headquartered in Woodridge, Ill. with design and manufacturing operations in the United States and Malaysia. MicroSun is an industry leader in innovative customized total power solutions for the medical, commercial/industrial and military markets.

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 Equity Partners 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 Equity Partners, through its group of funds and related companies, has successfully completed over 60 acquisitions. For more information, please visit www.marlinequity.com


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Last Thursday, we expanded our engineering research and development capabilities by adding a new Engineering and Technology Center of Excellence (here's the press release).  The 6,000-square foot expansion gives us more than 10,000-square feet of engineering and testing space under one roof. The world-class facility provides the additional resources needed to innovate the power solutions industry into the future.

At a ribbon cutting ceremony, our employees, partners and customers got a first look at the next-generation addition, which features a secure research and development area and a state-of-the-art testing lab area.  Situated adjacent to our on-site manufacturing plant in Woodridge, Ill., it also furthers our Made-in-America capabilities.  

 The Engineering and Technology Center of Excellence will serve as our United States research and development hub, collaborating with nearly 100 degreed engineers, including four PhDs around the globe, to solve our customers’ portable power needs.

 

 

The battery packs and chargers developed within this facility will power end use devices ranging from portable medical devices to military electronics to data center uninterruptible power systems. By opening this next-generation facility, we’re affirming our commitment to developing innovative, custom battery packs and chargers that allow our customers to differentiate themselves in the marketplace. 

- Rebecca Kritzman, director of marketing and communications

Saluting our own this Memorial Day

Saturday, May 25, 2013

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Our customized power solutions support handheld and manpack radios, military PDAs and computers, unmanned aerial vehicles, forward mission devices, military vehicle applications — virtually any electronic device required for the mission.

In fact, our passion for innovation has yielded us exclusive rights to the patented phase change material (PCM). The outstanding thermal management characteristics of PCM make it possible for lithium-ion batteries to be a viable option for high-power and high-temperature military applications.

Many of Palladium’s military customers know Mark Batts, our division technical lead.  Mark helps our company deliver military battery packs ranging from early prototypes to finished products.  But what our customers might not know is that Mark is actually a veteran, having served in the U.S. Army Reserves from 1990 to 1998 as an Automated Logistical Specialist (92A).  During his military career, Mark was promoted to Sergeant (E-5) and was a squad leader.

"Years ago I used the GI Bill and my drill compensation to pay for college.  Today, I’m using what I learned in college to support the military – bringing my career full circle,” Mark said.

Mark has been a Palladium team member since early 2011, creating solutions for the military’s unique design challenges and improving on existing technologies to provide our servicemen and women rapid and valuable power supplies.  As a veteran, Mark brings added value to our company since he understands the unique requirements that soldiers need to stay powered in the battlefield.

“As a veteran, I enjoy the interaction with today’s modern soldiers and the engineering challenge to make their jobs easier and safer,” he said.  “Having the privilege to support them is a job perk here at Palladium.”

At Palladium, we’re proud to employ numerous veterans and are extremely grateful for their service. It’s gratifying to play a small part in protecting our country and keeping America’s heroes safe.  From all of us – Happy Memorial Day!

- Rebecca Kritzman, director of marketing and communications

BATTERy UP: Lithium Batteries and America’s Favorite Pastime

Wednesday, May 08, 2013

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MLB Press BoxToday, everyone from sports journalists to coaches to paramedics to box office agents rely on portable battery power to send, receive and store information.  Further, lithium’s green properties, small, light-weight profile and extended life make it the perfect chemistry for these sporty portable devices.

So, next time I’m at a Braves game, you can bet that when Fredi Gonzalez confers with his bullpen coaches, he’ll have portable electronic battery power to thank.  And if the power goes out (a la Super Bowl XLVII), you can count on battery power to keep the scoreboard lit.  And when you use your credit card to buy peanuts and cotton candy, the vendor will rely on the battery power in its data capture device to process your purchase. 

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Interested in learning more about portable lithium power? Contact us.

-       Rebecca Kritzman, director of marketing and communications

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When it comes to U.S. design and manufacturing news, industry experts turn to Assembly Magazine.  So, we are excited to be highlighted in the publication’s May 2013 issue!  Click here to read the full article.

Recently, Assembly Magazine’s senior editor, Austin Weber, visited Palladium Energy’s manufacturing and testing facility in Woodridge, Ill. for an up-close look at our 55,000 square-foot (and growing!) plant.   Our senior manufacturing manager, Steve Hagemaster, showed Austin our battery and charger assembly lines, SMT capabilities, safety testing and more.

In addition, our vice president of operations, Bob Sweeney, talked with Austin about next-generation battery assembly trends and processes.  Here’s an excerpt from this month’s article:

Palladium Energy recently implemented a new program involving robotics and automation. “This worked great for us, since the program was one product with high volumes,” Sweeney points out. “Most of the automation was centered around mechanical, dimensional and electrical functional testing. We want to take this experience and see if we can apply it economically to the larger part of our business that is lower volume with much higher mix.”

Palladium Energy specializes in engineered custom batteries for a variety of industries, ranging from medical to defense, rather than manufacturing large quantity AA alkaline batteries for consumer consumption.

“We have reasonable volumes in our consumer-oriented products, but generally we are faced with the challenge of lower volumes and higher mix,” explains Sweeney. “Most of our processes are manual and semiautomatic. So, for us, we think more about economies of scope.”

Interested in our Made-in-America battery packs and power supplies? Click here to request a custom quote.

- Rebecca Kritzman, director of marketing and communications


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