Briggs & Stratton has acquired SimpliPhi Power, a California-based manufacturer of energy storage and management systems which store solar, grid and wind power for future use by residential, commercial and industrial customers.
“This acquisition quickly establishes a strong position for Briggs & Stratton in the high-growth energy storage system market,” said Steve Andrews, president and CEO of Briggs & Stratton. “The SimpliPhi Power team brings deep application expertise, strong technical support and proven, successful products to the Briggs & Stratton portfolio of power-agnostic products and technology solutions.”
“Combining forces with Briggs & Stratton will provide SimpliPhi Power with new growth opportunities and substantial resources to lead the energy storage system market,” said Catherine Von Burg, CEO of SimpliPhi Power. “Briggs & Stratton’s expansive distribution network, power application expertise, and commitment to innovation will accelerate our growth and our mission of providing resilient energy storage systems that create universal access to safe, reliable and affordable energy to empower people, communities and enterprises globally.”
Godfrey & Kahn S.C. served as legal counsel to Briggs & Stratton. Needham & Co LLC served as financial advisor and Wilson Sonsini Goodrich & Rosati served as legal counsel to SimpliPhi Power.