Exponential Power Acquires Dry Creek Enterprises and Static Power Conversion Services
October 15, 2021
High Road Capital Partners' portfolio company Exponential Power completed add-on acquisitions of Dry Creek Enterprises (Bakersfield, California) and Static Power Conversion Services Inc. (Columbia, Maryland), expanding Exponential's West Coast and Mid-Atlantic service presence. The transactions (Dry Creek closed August 30, 2021; Static Power closed October 7, 2021) were led for High Road by Partner Ben Schnakenberg, financed by Twin Brook Capital Partners, and transaction consideration was not disclosed.
- Buyers
- Exponential Power, High Road Capital Partners
- Targets
- Dry Creek Enterprises, Static Power Conversion Services Inc.
- Sellers
- John Marino, Ruth McFadden, Andrew Nauman, Robert De Lauter
- Platforms
- Exponential Power
- Industry
- Energy
- Location
- United States
- Transaction Type
- Addon
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