Mazzone & Associates is pleased to announce that it acted as the exclusive financial advisor to The Blackbird Group in its acquisition of The Power-Sonic Corporation, a global distributor of rechargeable batteries. Power-Sonic was acquired through a combination with Concise Fabricators, a Blackbird portfolio company located in Nogales, Mexico, that provides precision metal fabrication to OEMs.
Jim Mannebach, a partner with The Blackbird Group who is the CEO of Power-Sonic, expressed his thoughts on the transaction by stating, “We were delighted to acquire Power-Sonic with its impressive operating history and strong product leadership. Mazzone & Associates did an excellent job assisting us throughout the entire transaction process.”
Maury Bell, the Managing Director who led the transaction, noted, “The Blackbird team is one of the most experienced, knowledgeable sponsors we have worked with, and we were honored to advise them on this transaction.”
Power-Sonic distributes a broad portfolio of rechargeable branded batteries for niche industrial and electronic applications to over 70 countries. The Company is headquartered in San Diego, California, with additional locations in Illinois, Florida, London, and Paris. The Company also operates two plastic injection molding plants in Mexico that supply the automotive and consumer appliance markets. Learn more at Power-Sonic.com.
The Blackbird Group is a financial sponsor comprised of senior operating executives with deep Fortune 1000 expertise. The group is led by Jim Mannebach, an operating executive who has held senior positions at Norgren, Roper Industries and Emerson Electric throughout his career. The Blackbird team has deep international operating backgrounds and key skills to drive expanded opportunities with scale and efficiency for its portfolio companies. Learn more at BlackbirdLP.com.