SOURCE: Gridiron Capital

January 08, 2008 16:40 ET

ESP Announces New Ownership and Financial Partnership With Gridiron Capital

ZEBULON, NC--(Marketwire - January 8, 2008) - ESP's management team, in partnership with Gridiron Capital, LLC, today acquired Electronic Systems Protection, Inc. (ESP), the global leader in power protection technology.

This partnership was formed to strengthen and extend ESP's position as the leading manufacturer of power protection equipment in the office technology, mailing, kiosk, and ATM industries.

Equipment manufacturers and dealers throughout the world rely on ESP's patented power protection technology to protect their equipment from power disturbances and damage. The company has been recognized as the industry leader and partner due to their innovative power protection products, unmatched customer support, and the comprehensive Lifetime Protection Guarantee ESP has provided for nearly 20 years.

"Our management team is extremely excited to become owners of ESP, and we are thankful for Gridiron's financial commitment and partnership with our company. Together we will be able to utilize our management experience and build on ESP's market leading position to accelerate product development, expand our product offering, and support our customers' efforts more aggressively in other markets around the world," stated Stephen Cole, President of the company.

"As the industry leader, ESP fits Gridiron's overall strategy of investing in industry-leading businesses where we can help drive significant growth," said Gridiron Capital Managing Partner Tom Burger. "ESP has gained a solid foothold in the office technology industry, and we look forward to assisting the company with the ownership transition and provide them with the financial capacity to support their growth initiatives," added Geoff Spillane, Gridiron Capital's Principal.

About ESP:

Electronic Systems Protection has manufactured patented power filtration and power protection technology for the office technology and mailing equipment industries for nearly 20 years. ESP's innovative power filtration technology is recognized as "best in class" and is the choice for power protection by many of the world's premier electronic equipment manufacturers and organizations. Visit www.realpowerprotection.com for more information.

About Gridiron Capital:

Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm's principals have historically achieved superior investment returns by employing a combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages. Gridiron's current portfolio includes Schutt Sports, PAS technologies, Ramsey Winch, Auto Crane, and McKenzie Sports. Visit www.gridironcapital.com for more information.

Contact Information

  • Press Contacts:

    Tanya Flores
    ESP Director of Marketing
    Email Contact
    919.823.0374

    Thomas A. Burger, Jr.
    Managing Partner
    Gridiron Capital, LLC
    Email Contact
    (203) 972-1100 x 222