GlobeNewswire by notified

Allied Industrial Partners-Backed CES Power Acquires ABird/Apex Power Solutions

Share

11th Bolt-on Acquisition Expands CES Power’s Global Presence Providing Significant Scale in the U.K. and Europe

MEMPHIS, Tenn. and LONDON, March 28, 2024 (GLOBE NEWSWIRE) -- CES Power LLC (“CES Power”), a leading global provider of sustainable mobile power generation, distribution, temperature control and technology solutions for the largest and most complex projects and events, today announced that it has acquired ABird Limited and Apex Generators Limited (“ABird/Apex” or “the Company”), a U.K. supplier of portable power for industrial, corporate and event use. The acquisition was made through CES Power’s global division, CES Global LLC (“CES Global”), which acquired ABird/Apex from U.K. tool and equipment rental and services company HSS Hire Group Plc (LSE: HSS). CES Power is backed by industrial-focused private equity firm Allied Industrial Partners (“Allied”).

This strategic acquisition will expand CES Global’s capacity in the U.K. and Ireland while helping to accelerate its growth across Europe.

ABird/Apex is a leading U.K. provider of power solutions. It features one of the U.K.’s largest integrated portable power fleets used to power industrial sites and live events, including music festivals, sporting competitions, and corporate meetings. The Company also provides remote fleet management technology for real-time visibility and support. ABird/Apex will become part of the CES Global brand, and its management team and employee base will remain with the Company, including Ailsa Webb, who will assume the new role of CES Global Managing Director, Europe.

Greg Landa, CEO of CES Power, said, “CES Power entered the European market in 2023 and we continue to see strong demand for our unique service offering. The addition of ABird/Apex will allow us to meet that demand throughout the U.K. and bolster our presence across Europe and ultimately the globe. ABird/Apex has a reputation for quality equipment and service, which made it a fit for CES Power’s global expansion efforts. We look forward to continuing to serve its customers under the CES Global brand.” 

Ms. Webb, Managing Director at ABird/Apex, noted, “We are pleased by the great strides we have made with the support of HSS, and we are now excited to introduce new offerings and expand our footprint with CES Global. Our customers will benefit from the additional resources we can now provide as a division of a global leader in engineered power, HVAC and technology solutions.”

ABird/Apex is CES Power’s 11th acquisition since being acquired by Allied in June 2021 and its third acquisition in Europe. CES Power will continue to seek further add-on acquisitions in areas of strategic interest.

“The acquisition of ABird/Apex is a transformative step in CES Power’s global expansion,” said Bradford Rossi and Philip Wright, Co-Founders and Managing Partners at Allied. “The demand for integrated service offerings for complex power, HVAC and technology solutions for use in industrial projects, live events, and entertainment continues to grow significantly across Europe and this acquisition positions CES Power to deliver for our high-quality customer base.”

About CES Power LLC
Founded in 2000 and headquartered in Memphis, TN, CES Power has a multi-decade track record of providing reliable and safe power solutions to its blue-chip customer base, including at the world’s most complex and highest-profile events. Through its various divisions, including CES Global, CES Technologies, and CES Studios, the company offers a full range of technology-driven power services to the broadcasting, entertainment, and industrial sectors. For more information, visit cespower.com and cestechnologies.com.

About Allied Industrial Partners
Founded in 2019, Allied Industrial Partners LLC (“Allied”) is a lower and middle-market private equity firm that thematically invests in high-growth companies within various industrial subsectors, including industrial rentals, manufacturing, distribution, environmental services, and critical infrastructure. Allied seeks to partner with experienced management teams that can benefit from its operational enhancement capabilities and active, hands-on involvement, allowing the firm to execute buy-and-build strategies. For more information, visit alliedindustrialpartners.com.

About ABird and Apex
ABird/Apex is a leading U.K. provider of power solutions. The company specializes in designing both short- and long-term generator solutions ranging from 20KVa to 1260KVa, supported by remote fleet management technology that provides complete visibility of all rental equipment for customers across a wide range of end markets.

Media Contacts:
Lambert
Jennifer Hurson
845-507-0571
jhurson@lambert.com
or
Caroline Luz
203-570-6462
cluz@lambert.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Nokia Corporation: Repurchase of own shares on 12.04.202412.4.2024 21:30:00 CEST | Press release

Nokia Corporation Stock Exchange Release 12 April 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 12.04.2024 Espoo, Finland – On 12 April 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL557,4733.19CEUX--BATE--AQEU--TQEX--Total557,4733.19 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million. Total cost of

EPH European Property Holdings PLC Suggests Amendments to the Terms of its Listed Bonds ISIN CH117734830212.4.2024 20:00:00 CEST | Press release

12th April 2024, Limassol, Cyprus I Ad hoc announcement pursuant to Art. 53 LR EPH European Property Holdings PLC (the “Company” or “EPH”) has decided to suggest to the holders of the Company’s bonds with ISIN CH1177348302 and with a total nominal value of EUR 122,175,000 to amend certain terms of these bonds: Replacement of the current interest rate of 2.25 % p.a. with an interest rate of 3.50% p.a.; andA term prolongation of 5 years of the Bonds until 31 May 2029 The bondholders are requested to consent or reject the suggested amendments until 13th May 2024. Subject to having received consents by all bondholders the amendments to the Terms of the Bonds shall become effective on 1st June 2024. EPH EUROPEAN PROPERTY HOLDINGS PLC is an investment company listed on SIX Swiss Exchange and holds a commercial property portfolio with a total value of approx. EUR 900 million, including real estate assets in Berlin, Hamburg, Stuttgart, Dresden, Switzerland and Vienna. Additional information on

Nexstim Plc Resolved on a New Stock Option Plan 2024H12.4.2024 20:00:00 CEST | Press release

Company Announcement, Helsinki, 12 April 2024 at 9 PM (EEST) Nexstim Plc Resolved on a New Stock Option Plan 2024H Nexstim Plc (NXTMH:HEX) ("Nexstim" or "Company") announces that the Board of Directors of Nexstim resolved on 12 April, 2024, to launch a new stock option plan 2024H aimed at the Board of Directors of the Company by virtue of an authorization granted by the Annual General Meeting of Shareholders of the company on March 28, 2024, and according to the AGM resolution. The Company has a weighty financial reason for the issue of stock options since the stock options are intended to form part of the incentive and commitment program. The purpose of the stock options is to encourage the members of the Board of Directors to work and co-operate on a long-term basis to increase shareholder value. The purpose of the stock options is also to commit the members of the Board of Directors to the Company. The maximum total number of stock options 2024H issued is 37,500 and they entitle the

SalMar - Nøkkelinformasjon ved kontantutbytte for SalMar ASA12.4.2024 19:16:00 CEST | Pressemelding

Utbyttebeløp: 35,0 kroner per aksje Annonsert valuta: NOK Siste dag inklusive: 06.06.2024 Ex-dato: 07.06.2024 Record date (eierregisterdato): 10.06.2024 Betalingsdato: På eller omkring: 20.06.2024 Vedtaksdato: 06.06.2024 For mer informasjon, kontakt: Håkon Husby, IR-ansvarlig Tel: +47 936 30 449 Email: hakon.husby@salmar.no Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

SalMar - Key information relating to the cash dividend to be paid by SalMar ASA12.4.2024 19:16:00 CEST | Press release

Dividend amount: 35.0 per share Declared currency: NOK Last day including right: 06.06.2024 Ex-date: 07.06.2024 Record date: 10.06.2024 Payment date: On or about 20.06.2024 Date of approval: 06.06.2024 For more information, please contact: Håkon Husby, Head of Investor Relations Tel: +47 936 30 449 Email: hakon.husby@salmar.no This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

HiddenA line styled icon from Orion Icon Library.Eye