White Oak Partners Initiates The Acquisition Of Master Battery By Colville Capital And Its Portfolio Company Stored Energy Holdings, Inc.

November 2, 2021

White Oak Partners initiated the add-on acquisition of Master Battery by Stored Energy Holdings, Inc., a portfolio company of Colville Capital LLC.

Master Battery provides its retail and commercial customers an incredible selection of batteries for a variety of applications and uses. Master Battery also provides chargers and accessories that compliment its battery products and provides services such as battery pack rebuilds for cordless power tools, cabling, and much more.

Stored Energy Holdings is comprised of Northeast Battery, the largest independent stored energy products distributor in the Northeast United States, Tri-State Battery and Master Battery. With locations spanning from Tennessee to Maine, Stored Energy Holdings distributes rechargeable power solutions and related equipment used in a wide variety of battery-powered equipment such as floor scrubbers, aerial work platforms, golf carts, and utility vehicles. The Company also provides engineered standby power systems for applications ranging from data centers to telecommunications.

Colville Capital was founded in 2006 as a private investment partnership dedicated to building private companies in the lower middle market. In partnership with management, Colville acquires controlling interests in companies with values ranging from $10 million to $50 million. Colville supports these businesses with prudent capital structures, strengthens and develops management capabilities and strategic competencies, and accelerates growth through organic expansion and acquisitions.