Leeds-based private equity firm Endless LLP has acquired the Ecobat Battery Division from the US-headquartered Ecobat Group, marking another strategic carve-out investment in the distribution sector.
Ecobat Battery has turnover in excess of £200m and is a leading specialist supplier of batteries and energy storage solutions for a wide range of applications including automotive, commercial vehicles, marine and leisure, motorcycles, and industrial uses.
With a strong presence across Europe and a network of distribution hubs in the UK, Ireland, France, Netherlands, Belgium and Spain, Ecobat Battery serves a diverse customer base.
The acquisition by Endless will provide Ecobat Battery with the capital and strategic support to accelerate its growth plans, expand its market reach, and invest in its capabilities to further strengthen its commercial platform. The carve-out transaction will be led by Ecobat Battery’s existing management team, led by Russell McBurnie and Alex Powell.
Russell McBurnie, managing director of Ecobat Battery, said: “This is an exciting new chapter for our business. Endless brings a wealth of experience in supporting specialist distribution businesses, and we are confident that their backing will help us unlock new growth opportunities and continue delivering exceptional value to our customers.”
Andy Ross, investment partner of Endless, added: “We are delighted to welcome the Ecobat Battery Division into the Endless portfolio. The business has a strong heritage, a talented team, and a clear role to play in the battery distribution market. We look forward to working closely with the management team to support their growth strategy.”
The investment was led by Andy Ross and Tom Callaghan, supported by Mia Fisher, Lee Abbott and Chloe Sellwood. Endless was advised by Stifel (Corporate Finance), Walker Morris (Legal), KPMG (Tax), PwC (Debt), Argon (Operational) and Panamoure (IT).
