Forbes Mergers & Acquisitions is pleased to announce that ThinkTank Energy Products Inc. has acquired the assets of Electronic Educational Devices, Inc. (“EED”) of Aurora, Colorado. Forbes Mergers & Acquisitions served as the exclusive financial advisor to EED for this transaction.
ThinkTank Energy Products, Inc. is owned by Jamie Bullivant, a veteran of the electronics devices industry with extensive experience in manufacturing and product development. The company will continue to focus on developing and distributing energy saving solutions to residential, commercial and educational markets. “Customers are looking for new products to help reduce their energy consumption, save money and minimize their overall carbon footprint,” says Bullivant. “We want be the company that brings this to reality.”
Since 1997, EED has provided school classrooms, commercial customers and consumers with powerful and easy to use electricity usage monitoring and control devices sold under the Watts Up? brand (www.wattsupmeters.com). Designed and manufactured in the United States, WattsUp? meters have been sold throughout the US and in numerous international markets.
Jim Johnston, Senior Adviser at Forbes Mergers & Acquisitions, who led the transaction, stated “We are proud to have represented EED in the sale. Bob Forbes and I worked as a team to qualify high probability buyer candidates, interviewed dozens of executives and qualified six finalists for EED to consider. It is exciting to work in the energy efficiency space where so much attention is currently focused.”
Brad Volin, President of EED said, “Since I started this business almost 14 years ago, the market for energy efficiency products has grown considerably. I am delighted we found Jamie Bullivant, the right leader to take the company and the product line to the next level. Forbes was a fantastic partner who helped uncover a great buyer. The team was very knowledgeable, adept and extremely effective in running a process and closing the deal.”
About Forbes Mergers & Acquisitions
Forbes Mergers & Acquisitions is a lower middle market transaction advisory firm with a focus on IT/Communications, clean energy and cleantech, healthcare and diversified industries. Forbes also provides valuations and other financial and strategic advisory services. The professionals of Forbes Mergers and Acquisitions have over 50 years of collective transaction experience. Forbes has locations in Denver, Colorado and Washington, D.C. For more information, visit www.ForbesMA.com.