Microporous develops, manufactures and markets high performance rubber, polyethylene (PE) and hybrid battery separators for flooded lead-acid batteries – a highly-engineered, mission-critical component of lead-acid batteries. The company’s separators are used by battery manufacturers for applications such as golf cart batteries, forklift batteries, standby power and starting lighting and ignition batteries for automobiles and trucks.
It supplies major North American and European lead acid battery manufacturers, and currently has 153 employees and operates two plants
Following the deal, battery industry veteran Jean-Luc Koch will assume the role of CEO of Microporous.
Kevin Kruse, partner of Seven Mile, said, “Microporous is a terrific company and market leader. We feel very strongly that the company is poised for strong growth and believe the management team, led by Jean-Luc Koch, has the deep industry knowledge and experience necessary to lead the Company into its next phase of growth and innovation as an independent company. In addition, Microporous fits very well into our investment criteria and industry focus and is a great foundation for the launch of our second fund, as Seven Mile has significant industry experience in the power and automotive industries.”
In addition to the investment from the firm’s Seven Mile Capital Partners II fund, a group of family office investors, including Trent Capital Partners and Bratenahl Capital Partners are also contributing a minority portion of the equity capital.
Copyright © 2013 AltAssets