November 2019
Windjammer Portfolio Company Mission Critical Electronics Acquires Purkeys Fleet Electric

Windjammer Capital Investors (“Windjammer”) is pleased to announce that its portfolio company, Mission Critical Electronics (“MCE”), has acquired Purkeys Fleet Electric (“Purkeys”). Purkeys is a North American leader in the development, manufacturing, and distribution of electric power solutions to truck fleets, liftgate manufacturers, trailer manufacturers, truck dealers, and truck Original Equipment Manufacturers (OEMs). Purkeys’ primary product range includes liftgate charging systems, inverters, harnesses, solar power solutions, and ancillary products. Financial details of the transaction were not disclosed.

Kevin Moschetti, Chief Executive Officer of MCE, said, “We are delighted to have Purkeys join MCE. The company has a strong reputation for being a reliable, trusted partner of truck fleet operators, solving electrical system problems, and introducing product solutions to meet customer needs. Purkeys’ combination of products, end markets, and distribution partners are highly complementary to MCE and will bring a nice mix of aftermarket sales to our Vehicle Power business.”

“We at Purkeys are thrilled with the opportunity afforded us by joining forces with MCE,” said Purkeys CEO, Justin Purkey. “Our focus has always been on providing our customers and industry partners with the best service possible to help them keep their trucks on the road. MCE has the scale and resources to help us grow faster so that we can put even more effort into solving our customers’ challenges. Our industry partners, our customers, and our employees will all benefit from this partnership.”

Windjammer Managing Director Matt Anderson added, “We are excited to partner with and support the management team at MCE in their ongoing organic and acquisition-oriented growth strategies. The Purkeys brand is a great fit with MCE’s Xantrex and Kussmaul brands in the vehicle power space and provides ample product and commercial facing synergies that will benefit the consolidated customer base.  This transaction is a significant and strategic step to further serve the fast-growing customer demand for vehicle electrification solutions.”

Mission Critical Electronics, based in Huntington Beach, California is a market leading provider of power conversion, generation, and storage solutions within niche vehicle, marine, network, industrial and portable power markets.  The company designs, manufactures, and distributes its products to a global customer base, working to keep customer applications energized and ready by delivering power solutions where quality and responsiveness matter.

If you have any questions related to this transaction, please contact Jeff Miehe or Matt Anderson at (949) 721-9944.

About Windjammer

Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and has completed over 50 platform acquisitions and over 100 strategic add‐ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.