Ripple Industries, a private investment firm, has purchased Schumacher from Lincolnshire Management, a private equity firm.
Schumacher’s offerings focus on battery life enhancement, with battery charging equipment, including a line of EV chargers, jump starters, and other power accessories with applications in automotive, power sports, and lawn care markets.
Ripple Industries is a superior provider of complex engineering solutions for various organizations.
Lincolnshire Management is a private equity firm that manages over $1.7 billion of private equity capital and focuses on investing in and acquiring middle market companies.
“The Schumacher brand is synonymous with power conversion and enhancing battery life, and we share management’s vision of the big opportunities ahead of it as global transportation needs evolve and put greater demands on battery maintenance and charging solutions,” said William Bishop of Ripple Industries. “We will move aggressively with Mickey and the Schumacher team to capitalize on the exciting growth opportunities across both its existing core products and emerging technology for the electric vehicle market.”
Piper Sandler served as exclusive financial advisor and Kirkland & Ellis LLP served as legal advisor to Lincolnshire Management and Schumacher. Latham & Watkins LLP served as legal advisor to Ripple Industries.