Vision Point Capital (“VPC”), an investment banking leader in M&A, business valuation, and ESOP transactions, is pleased to announce the acquisition of Elite Technologies & Communications (“Elite Tech”) by Exponential Power, Inc.
Vision Point Capital served as the exclusive financial advisor for Elite Tech. The terms of the transaction, which closed on July 13th, 2022, were not disclosed.
“Vision Point Capital is hands down the most integral, diligent, and fair-minded Investment Banking firm I’ve worked with on an M&A transaction”, said Brian Schaffer, CEO and Partner at Elite Tech. “VPC ran an extremely thorough, competitive process, weeding out the deals that didn’t fit, seeking out win-win propositions, and enabling both the seller and buyer to maximize value in the deal. Vision Point Capital’s experience, knowledge, diversity, and depth are on par with the largest investment banking firms, while still providing boutique firm attention and beneficial fee structures. They brought everything it takes to sell a company to the table and let us remain focused on running and growing the business while they found buyers, successfully closed our transaction, and created the highest value possible for our ownership team, employees, customers, and stakeholders.”
“I’m extremely happy for Brian and his entire team as they join the Exponential Power family”, said Chris Gomes, Managing Director of M&A at Vision Point Capital. “The synergy between the two companies is strong, and will expand Exponential Power’s national reach and impressive capabilities.”
“Elite Tech is well known in the communications industry and we are excited to welcome them to our family,” said Exponential Power CEO Jake Walker. “With 24 years of experience, Elite Tech is well established, and their mission of providing high quality products and services that deliver unprecedented value is a great fit for Exponential Power,” he added.
Exponential Power was formed in January 2021 through the merger of Storage Battery Systems, Nolan Power Group, Quality Standby Services and Summit Power Systems, and since then, the company has been on a path of exponential growth. Elite Tech is Exponential Power’s fourth acquisition in the past year.
ABOUT VISION POINT CAPITAL
Vision Point Capital is the premier financial advisory firm dedicated to putting business owners in control of their future. For over 20 years, our advisors have supported clients nationwide with their complex business transaction needs.
Specializing in complex business valuations, ESOPs, and M&A transactions, we bring together the three core services needed to make the most of your business investment. Whether you’re looking to determine the true value of your business, maximize your personal liquidity, or grow your business, Vision Point Capital has the insights & expertise to make your vision a reality.
