Cellwatch Parent, NDSL, Merges with RLE Technologies; Forms New Platform, Parameter, Strengthening Solutions for Data Centers and Critical Infrastructure Amid Surging AI Power Needs
illi News/10286448

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

• Agemin Unveils Breakthrough AI Model for Biometric Age Estimation, Setting New Standards in Online Child Safety
• Chicago: O'Hare International Airport Sets All-Time Passenger Record in July 2025
• The Hidden Triggers of Foreclosure Most Families Don't See Coming
• Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
• 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN

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

• Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
• DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available
• Nespolo Mechanical Helps New Mexico Families Save Thousands on Heating Costs This Fall
• Leading Digital Finance Platform YNQTL Launches Revolutionary Web3 Digital Asset Trading Platform
• IDCXS Addresses Crypto Trading Pain Points with 2 Million TPS Processing and Multi-Layer Security Architecture

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.

---

Show All News | Report Violation