East West Manufacturing, LLC (“East West” or the “Company”), a global design, manufacturing and distribution business, has announced that it has agreed to acquire the assets of Innovolt, a power protection and data company. The acquisition of Innovolt’s proprietary power protection and data capabilities represents a significant opportunity to enhance the growth of East West and advance the Company’s strategic focus on growing its electronics business, according to East West.
“We have worked with Innovolt as a design and manufacturing partner since their early days,” said Scott Ellyson, East West Co-founder and CEO. “Innovolt has delivered hundreds of thousands of proprietary products to support their customers for a decade – we want to continue to serve these customers and markets with the same leading technology and support. Best of all, our own design, manufacturing and supply chain capabilities will enable us to provide even higher levels of service and support.”
East West Board member Bob Nardelli said, “This acquisition aligns perfectly with our strategy of building our portfolio by incorporating companies offering innovative products to their customers.”
Alex Mammen, Heritage Growth Partners Founder and East West Board member added, “The acquisition of Innovolt, a long-time customer, based right in Atlanta, is a perfect fit for East West. The Company has a deep understanding of the product and the market, and we expect Innovolt and its distribution partners to gain significant market share with the addition of East West’s global design, manufacturing and distribution capabilities.”
Innovolt’s current and prospective customers can continue to contact firstname.lastname@example.org for sales and email@example.com for customer support.
Another week, another acquisition. We knew for a couple of weeks now that this announcement was coming, we just weren’t aware of the buyer. We understand that Innovolt has been struggling financially of late, and there were some recent departures of key personnel leading up to this announcement. For Innovolt, this looks like a good thing in light of its long-standing relationship with East West along with the fact that East West is a US-based company with a global supply chain. Just an observation, but interesting to see that there were no quotes from anyone at Innovolt in the above press release. Read into that what you will.
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