Experience

Integris Represents POWER & ENERGY METER TRANSACTION

Integris Partners advised Continental Control Systems, Inc. (CCS) on its recent sale to Socomec Group, a French based multinational corporation, and leader in Power and Energy equipment solutions. Continental Control Systems, based in Longmont, CO has a long history of being a leader in high accuracy power meters and current transformers. The Company has experienced rapid growth in energy efficiency applications with a very strong foothold in solar power installations, becoming one of the leading brands in the solar power industry.

Samuel Davenport, CEO of Continental Control Systems, said, “Stephen van den Heever and Integris Partners were critical in helping us achieve our goal of partnering with the right Company, allowing CCS to continue growing our own brand while utilizing the resources and opportunities of a much larger, international organization. Additionally, the Integris team helped us work through various challenges during the process, keeping our team focused on maximizing our shareholder value. We are excited about the growth that this new partnership with Socomec presents.”

Nat Crutcher, Chief Technology Officer, added, “The acquisition by Socomec presents great opportunities for the CCS team, allowing us to further invest in new technological innovation, with significant resources behind us, including the use of Socomec’s innovative testing facility in France.

Cynthia Boyd, Director of Sales and Marketing, said, “This transaction will help our Company move into new and exciting markets which will help both CCS become a dominant player in the global metering market, while helping Socomec expand its global foot print. Stephen and the Integris team helped us navigate difficult waters, as the solar market declined substantially during our sale process. However, Integris helped position our business so that Socomec could see our full potential, despite what was happening in the solar industry around us. We could have not achieved this result without the help of Integris Partners”.

Terms of the transaction were not disclosed. The Integris transaction team was led by Stephen van den Heever and Dawn Wittstruck.