Briggs & Stratton Acquires SimpliPhi Power

KPS Capital Partners Acquires Briggs & Stratton

September 15, 2020

Manufacturing

KPS Capital Partners, through a newly formed affiliate, acquired substantially all assets of Briggs & Stratton Corporation in a Section 363 sale following the Company's Chapter 11 filing, for approximately $550 million. KPS provided $265 million of DIP financing, secured committed exit financing, and named Steve Andrews as President and CEO to lead a relaunch of the company as a well-capitalized independent manufacturer.

Briggs & Stratton Takes Minority Stake in Accelerated Systems, Inc.

July 14, 2021

Manufacturing

Briggs & Stratton has acquired a minority equity stake in Accelerated Systems, Inc. (ASI), an Ontario-based developer of traction and control systems, electric motors, controllers and battery systems. The investment includes an option for Briggs & Stratton to acquire additional equity over the next five years and is intended to accelerate Briggs & Stratton's electrification capabilities.

Babcock & Wilcox Acquires Fossil Power Systems (FPS)

February 1, 2022

Manufacturing

Babcock & Wilcox Enterprises, Inc. (B&W) acquired Fossil Power Systems, Inc. (FPS), a Dartmouth, Nova Scotia-based designer and manufacturer of hydrogen, natural gas and renewable combustion equipment, with the transaction closing on February 1, 2022. The acquisition expands B&W's combustion, control and fuel-conversion capabilities—supporting hydrogen firing and aftermarket growth across power generation, pulp & paper and industrial markets.

Allied Motion Technologies Acquires FPH Group

May 31, 2022

Aerospace & Defense

Allied Motion Technologies Inc. acquired FPH Group, a Canada-based developer of electrical drive systems and lightweight composite technologies for ground-based defense vehicles. The deal expands Allied Motion's capabilities and defense market penetration by adding FPH's engineering, prototyping and production expertise; financial terms were not disclosed.

ENGIE Acquires Broad Reach Power

August 24, 2023

Energy

ENGIE has acquired Broad Reach Power, a Houston-based developer and operator of utility-scale battery energy storage systems, from investors including EnCap Energy Transition and Apollo funds. The deal—reported to be for an equity value of over $1 billion—strengthens ENGIE's battery-storage capabilities and advances its objective to reach 10 GW of battery capacity by 2030 while reinforcing its position in the United States energy transition.

Sensata Technologies Acquires Spear Power Systems

August 23, 2021

Energy

Sensata Technologies has agreed to acquire Spear Power Systems, a Grandview, Missouri-based developer and manufacturer of advanced energy storage systems, to advance Sensata's electrification strategy. The deal (financial terms undisclosed) brings Spear's team — including more than 40 engineers — and its battery management and energy storage capabilities into Sensata to expand its clean energy and OEM solutions.