ESP Announces New Ownership and Financial Partnership with Gridiron Capital15 Jan, 2008
ESP Announces New Ownership and Financial Partnership with Gridiron Capital
Zebulon, North Carolina — January 8, 2008— ESP’s management team, in partnership with Gridiron Capital LLC, today acquired all of the assets of Electronic Systems Protection Inc. (ESP), a 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 due to their innovative power protection products, unmatched customer support, and the comprehensive Lifetime Protection Guarantee that 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 an 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.