Boston, MA - Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Ener-Tek International, Inc., which operates under the brand name Yardney Technical Products (“Yardney”), on its acquisition by OM Group, Inc.
Based in East Greenwich, Rhode Island, Yardney designs, develops and manufactures lithium-ion and silver-zinc cells and batteries for niche applications in the defense and aerospace markets. Yardney specializes in high-performance battery systems for demanding air, land, sea and space applications. In cooperation with the Department of Defense, NASA, and major defense contractors, the company has designed, developed and delivered high energy density batteries for such high profile programs such as Minuteman III ICBM, Delta II/IV and Atlas V, the Mars Explorer Rover missions, the USAF B-2 Bomber and Global Hawk aircraft, and the US Navy Advanced SEAL Delivery System.
OM Group is a technology-driven, diversified industrial company serving global markets that include automotive systems, electronic devices, aerospace and defense, industrial and medical. Yardney is complementary to and will operate under OM Group's existing EaglePicher battery business, enabling the business to better serve its customers with a wider range of innovative solutions. The acquisition will increase OM Group's lithium-ion technology capabilities and will provide a foothold into critical defense programs that are expected to grow at attractive rates.