Wayne, PA –(BUSINESS WIRE)–Guardian Capital Partners (“Guardian”) announced that it has acquired a substantial interest in Engineered Network Systems, LLC (the “Company” or “ENS”) on September 30, 2015. Guardian partnered with the executive management team and ownership group of ENS on this transaction, and the existing managers will continue operating the Company going forward.
Headquartered in Burnsville, MN, Engineered Network Systems (www.ens-co.com) is a designer, manufacturer and supplier of commercial grade products for mounting, storing, charging and securing technology. The Company is the industry leader in payment terminal mounting solutions and has a full range of products including flat panel mounts, payment terminal stands, cabinets, carts and workstations. The Company’s products are marketed globally to the retail, grocery, financial, quick service restaurants, hospitality, medical and OEM markets.
Rick Soskin, CEO of ENS said, “With hundreds of years of collective engineering prowess ENS is synonymous with innovation, customization, durability, quality and service. Our relationship with Guardian Capital Partners will be important to the continued growth of the Company.” Greg Miler, Vice President of Sales for ENS added, “ENS has built a customer oriented sales culture that will continue to flourish as it supports the Company’s new strategies and vision for growth.” Peter Floersch, Vice President of Engineering of ENS concurred, “This new partnership with Guardian will allow us to further invest in the Company’s research and development helping to accelerate ENS’s product innovation capability.”
Scott Evans, Managing Partner of Guardian stated, “ENS has had solid historical growth because of its category leadership. With Guardian’s support and partnership with ENS, we are excited to further develop and accelerate the Company’s growth strategy.” Peter Haabestad, Managing Partner of Guardian added, “ENS provides essential solutions across multiple end markets. Its products and services are highly differentiated to meet the complex needs of its clients.” Adrian Ironside, Principal at Guardian, also noted, “Rick, Peter and Greg have established a high performing team of executives and managers. We look forward to working with the entire ENS team to build upon the Company’s strong legacy of success.”
The law firm Drinker Biddle & Reath LLP advised Guardian. Firth Third Bank provided debt financing for the transaction. Dinsmore and Shohl LLP advised ENS.
For more information about the transaction, contact Scott Evans or Peter Haabestad at Guardian Capital Partners at (610) 263-0107.
About Guardian Capital Partners (www.Guardiancp.com)
Guardian Capital Partners is a private equity firm based in suburban Philadelphia that makes control investments in lower middle market consumer products, niche manufacturing and specialty service companies. Guardian partners with management teams to provide equity capital to lead leveraged buyouts, recapitalizations and divestitures of family-owned businesses and non-core divisions of larger corporations. The private equity experience and complementary skill sets of the Guardian team provide a unique combination of operating and finance capabilities resulting in certainty of execution and meaningful long-term value creation for its portfolio companies.