Trending...
- BITE Data raises $3m to build AI tools for global trade compliance teams
- Tens of Thousands Complete Course to Master Entire Bible, Including Revelation
- Veterans Day 2025: Honoring Service Through Storytelling
CHICAGO, Dec. 11, 2024 ~ Chicago-based private equity firm May River Capital and its portfolio company, RLE Technologies, have announced the acquisition of NDSL Group Ltd., a leading manufacturer of battery monitoring and management solutions for data centers, utilities, and telecom markets. The two companies will merge to form a new platform company called Parameter.
The newly formed Parameter brings together the strengths of RLE Technologies and NDSL, with over 70 years of combined experience in providing real-time insights into mission-critical operations for process industry and facilities management professionals. Their advanced solutions are designed to sense, detect, monitor, analyze, and predict the quality, condition, and volume of liquids, gases, energy, and materials in various environments. The company's target markets include data centers, utilities, critical infrastructure, and more.
NDSL is based in Raleigh-Durham, North Carolina and has been a trusted supplier for 30 years with its industry-leading Cellwatch line of products and services. Their comprehensive monitoring solutions help customers effectively manage their critical battery investments by preventing outages, reducing costs, meeting regulatory requirements, and offering durability and reliability.
More on illi News
On the other hand, RLE Technologies is based in Fort Collins, Colorado with a 40-year history as a provider of facility environment monitoring products such as fluid leak detection and airflow management. Their products help facility operations professionals protect against failures that could lead to disruptions in mission-critical environments.
According to Dan Barlow, Partner at May River Capital: "We are excited to bring together the deep teams and resources of NDSL and RLE under the Parameter banner. This merger strengthens our ability to serve the critical infrastructure monitoring needs of our customers."
Earl Philmon, CEO of NDSL expressed his enthusiasm about joining forces with RLE Technologies: "We are thrilled to be joining with RLE Technologies and rebranding as Parameter. NDSL has been a trailblazer in battery asset management and monitoring with our Cellwatch line, and this complements RLE's products. The benefits of this union are significant, and I look forward to the growth opportunities ahead."
More on illi News
Mike Blazes, CEO of RLE Technologies and Parameter, also shared his excitement about the merger: "With the support of May River, we have brought together the strongest teams and global leading technology companies in system monitoring for essential industries. I am excited to partner with Earl and our team of experienced professionals to launch Parameter and accelerate the advancement of future technologies and capabilities."
The acquisition was supported by Mesirow Financial and Laytons LLP as financial advisor and legal counsel to NDSL, respectively. Livingstone Partners LLC and Paul Hastings LLP served as financial advisor and legal counsel to May River Capital, respectively. Debt financing was provided by Tree Line Capital Partners in support of the acquisition.
The merger between NDSL Group Ltd. and RLE Technologies marks a significant step towards providing comprehensive monitoring solutions for critical infrastructure industries. With their combined expertise, resources, and technology, Parameter is well-positioned to protect the world's most valuable assets and make vital operations more predictable and manageable.
The newly formed Parameter brings together the strengths of RLE Technologies and NDSL, with over 70 years of combined experience in providing real-time insights into mission-critical operations for process industry and facilities management professionals. Their advanced solutions are designed to sense, detect, monitor, analyze, and predict the quality, condition, and volume of liquids, gases, energy, and materials in various environments. The company's target markets include data centers, utilities, critical infrastructure, and more.
NDSL is based in Raleigh-Durham, North Carolina and has been a trusted supplier for 30 years with its industry-leading Cellwatch line of products and services. Their comprehensive monitoring solutions help customers effectively manage their critical battery investments by preventing outages, reducing costs, meeting regulatory requirements, and offering durability and reliability.
More on illi News
- Winzele: A Trusted Isolation Transformer Manufacturer
- Luxury Mediterranean Estate in Gotha Sells for $1.52 Million, Closing $45,000 Over Asking
- ZEELOOL's Black Friday Sale Starts Early with Up to 80% Off Frames
- UV Weathering Test Chamber vs Xenon Arc Test Chamber: What's the Right Solution for Your Products
- Emeritus Addresses Hospital Bed Shortages with Smart Storage Solutions
On the other hand, RLE Technologies is based in Fort Collins, Colorado with a 40-year history as a provider of facility environment monitoring products such as fluid leak detection and airflow management. Their products help facility operations professionals protect against failures that could lead to disruptions in mission-critical environments.
According to Dan Barlow, Partner at May River Capital: "We are excited to bring together the deep teams and resources of NDSL and RLE under the Parameter banner. This merger strengthens our ability to serve the critical infrastructure monitoring needs of our customers."
Earl Philmon, CEO of NDSL expressed his enthusiasm about joining forces with RLE Technologies: "We are thrilled to be joining with RLE Technologies and rebranding as Parameter. NDSL has been a trailblazer in battery asset management and monitoring with our Cellwatch line, and this complements RLE's products. The benefits of this union are significant, and I look forward to the growth opportunities ahead."
More on illi News
- Fulton County & Grow Your World Amplify Atlanta Youth Through the Youth Audio Collective
- 2026 Oscars Betting Odds: One Battle After Another Favored for Best Picture
- Chicago: Mayor Brandon Johnson Cuts Ribbon On Grace Manor Apartments, Bringing 65 Affordable Homes To North Lawndale
- Allen Field Co., Inc. Components Selected for Esko ArtiosCAD 3D Component Library
- Thirteen Reasons Why Gyminny Kids Is San Diego's Best Gymnastics Gym
Mike Blazes, CEO of RLE Technologies and Parameter, also shared his excitement about the merger: "With the support of May River, we have brought together the strongest teams and global leading technology companies in system monitoring for essential industries. I am excited to partner with Earl and our team of experienced professionals to launch Parameter and accelerate the advancement of future technologies and capabilities."
The acquisition was supported by Mesirow Financial and Laytons LLP as financial advisor and legal counsel to NDSL, respectively. Livingstone Partners LLC and Paul Hastings LLP served as financial advisor and legal counsel to May River Capital, respectively. Debt financing was provided by Tree Line Capital Partners in support of the acquisition.
The merger between NDSL Group Ltd. and RLE Technologies marks a significant step towards providing comprehensive monitoring solutions for critical infrastructure industries. With their combined expertise, resources, and technology, Parameter is well-positioned to protect the world's most valuable assets and make vital operations more predictable and manageable.
Filed Under: Business
0 Comments
Latest on illi News
- Chicago: Johnson Administration Sues DOJ Over Community Policing Hiring Grant Restrictions
- U.S. Military to Benefit from Drone Tech Agreement with NovaSpark Energy, Plus Longer NASA Space Missions via Solar Power Leader: Ascent Solar $ASTI
- $76 Million in Gold & Silver Holdings and Expanding Production — Pioneering the Future of Gold: Asia Broadband Inc. (Stock Symbol: AABB) is Surging
- Wohler announces three SRT monitoring enhancements for its iVAM2-MPEG monitor and the addition of front panel PID selection of A/V/subtitle streams
- Schemawriter.ai launches WordPress plugin as industry leaders confirm - schema markup is critical
- 20 Million Financing to Accelerate Growth and Advance Digital Asset Strategy Secured for Super League (N A S D A Q: SLE)
- uCAR Trading Launches goldsilbermarkt.de, a New Online Shop for Precious Metals
- Webinar Announcement: Reputational Risk Management in Internal Investigations: Controlling the Narrative Before, During, and After a Crisis
- Taking on the Multi-Billion-Dollar Swipe Industry: AI Curates Who You Meet—IRL over brunch
- Tooting Our Own Horn! The boys are right again!
- 5,000 Australians Call for Clarity: NaturismRE's Petition Reaches Major Milestone
- Rival Systems - WatersTechnology's Best Buy Side OMS 2025
- CatechismClass.com Champions Renewal of Catholic Education in the Digital Age
- Cartwheel Signs Letter of Intent to License Clearsight Therapeutics' Novel Pink Eye Treatment for 2027 Portfolio Expansion
- Vet Maps Launches National Platform to Spotlight Veteran-Owned Businesses and Causes
- $114.6 Million in Revenues, Up 54%: Uni-Fuels Holdings (N A S D A Q: UFG) Accelerates Global Expansion Across Major Shipping Hubs as Demand Surges
- Dental Care Solutions Unveils New Website for Enhanced Patient Engagement
- FIRE Announces Launch of Emerging Manager Tech Council
- TradingHabits.com Launches to Support Day Trader Well-being
- Beuce Digital Asset Center Launches AI-Powered Multilingual Learning Platform