Exponential Power, Inc. has acquired Elite Technologies & Communications, expanding the company’s position as an industry leading supplier of DC power, products, solutions and services. Elite Technologies & Communications (Elite Tech) specializes in advanced network communications, including central office engineering, DC power installation, transport, access and switching.
"Elite Tech is well known in the communications industry and we are excited to welcome them to the Exponential Power family," said CEO Jake Walker. Elite Tech is headquartered in Brookville, PA, with regional locations in Charlotte, NC and Sarasota, FL. "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.
The Elite Tech strategic acquisition expands Exponential Power’s national reach for service and state-of-the-art stored power solutions to 15 locations across the US. "We are focused on providing ever increasing value to companies and organizations with complex DC power challenges," said Walker. "The Elite Tech team’s experience and expertise expands our impressive capabilities even more."
"We're excited to join the team at Exponential Power," said Elite Tech’s Founder and President, Roger Parker. "Exponential Power is a great fit for our culture, our employees and our customers."
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.
Vision Point Capital acted as the exclusive financial advisor for Elite Tech.
Source: https://www.exponentialpower.com/