Along with acquisition and expansion in Europe, company launches new CES Global division

MEMPHIS, Tenn. and DUBLIN, Sept. 19, 2023 /PRNewswire/ -- CES Power LLC ("CES Power"), a leading global provider of sustainable mobile power generation, distribution and temperature control solutions for large events, today announced the acquisition from Euro Touring Power ("ETP"), a leading provider of electrical equipment and air conditioning rentals for touring productions throughout Europe. This acquisition expands CES Power's reach abroad, giving the company a new center in Ireland with access to all of Europe. CES Power is backed by venture capital firm Allied Industrial Partners ("Allied"). Terms of the transaction have not been disclosed.

Based in Dublin, ETP supplies transformers, cables, distribution boxes and stage air conditioning to large shows and events. The company supplies the equipment that powers major entertainment, sports and corporate productions across Europe. CEO Vincent Campion and the ETP management team will remain with the company.

Greg Landa, CEO of CES Power, explained: "Overseas expansion has always been part of our business plan, and we are delighted to gain a foothold in Europe with the addition of ETP, an experienced partner with a reputation for quality equipment. and superior service. We look forward to working closely with Vincent and his team to expand our customer base and add exciting new products as we grow the CES brand in Europe."

Campion said: "We are delighted to join CES Power and its subsidiary CES Technologies as they share our commitment to providing our customers with exceptional, world-class experiences. We look forward to leveraging CES Power's deep resources and experience in the United States to support our continued growth.

Along with the expansion of CES Power and the acquisition of ETP, the company has announced the launch of CES Global. This new division is an extension of CES Power, designed to focus on providing the company's signature mobile power generation, distribution and temperature control solutions worldwide, initially starting in Europe. CES Global aims to seamlessly integrate with CES Power's current services and ETP's newly acquired capabilities, offering complete, turnkey solutions for events around the world. This strategic move allows the company to better serve its clients operating in various international markets, ensuring a consistent level of quality and service, regardless of their location.

Landa added: "The launch of CES Global is a natural evolution of our commitment to excellence and expansion. By integrating our expertise with the capabilities of our new European center, we are prepared to offer unmatched service to our clients anywhere in the world. "This is an exciting new chapter for CES Power, and underscores our dedication to being a global leader in mobile power solutions."

Euro Touring Power is CES Power's eighth acquisition since it was acquired by Allied in June 2021, and the company will continue to pursue additional new acquisitions in areas of strategic interest.

"The acquisition of ETP and the announcement of CES Global represent an exciting leap forward in CES Power's strategic expansion plan," said Bradford Rossi and Philip Wright, co-founders and managing partners of Allied. "CES Power has proven that its model can deliver reliable, seamless power and temperature control solutions to world-class event promoters anywhere in the world."

About Euro Touring PowerBased in Dublin, Ireland, ETP is a leading provider of electrical and air conditioning rentals for touring productions across Europe. The company supplies transformers, cables, distribution boxes and stage air conditioning for large shows and events. For more information, visit www.eurotouringpower.com.

About CES Power LLC Founded in 2000 and headquartered in Memphis, TN, CES Power has a decades-long track record of providing reliable and secure power solutions to its blue-chip customer base, even in the most complex and high-speed events. greatest impact in the world. The company offers a full range of technology-enabled energy services to the broadcast, 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 leasing, manufacturing, distribution, environmental services and critical infrastructure. Allied seeks to partner with experienced management teams who can benefit from its operational improvement capabilities and active participation, allowing the company to execute buy and build strategies. For more information, visit alliedindustrialpartners.com.

Media Contacts:LambertJennifer Hurson845-507-0571jhurson@lambert.comCaroline Luz203-570-6462cluz@lambert.com

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