San Mateo, CA, June 08, 2017 – Bertram Capital (“Bertram”) today announced its investment in Anord Control Systems (Holdings) Limited (“Anord” or the “Company”), a leading provider of critical electrical power distribution and protection equipment for data centers, energy, and industrial applications. Anord represents Bertram’s sixteenth platform investment and its second platform investment in the critical power equipment industry.
“Bertram is honored to partner with the management team and shareholders at Anord,” said Jeff Drazan, Managing Partner at Bertram. “With a strong market position, high barriers to entry, great historical growth profile supported by industry trends and founders that remain committed to the business, Anord aligns very well with our Bertram High Fivesm investment strategy.”
Founded in 1969 and headquartered in Dundalk, Ireland, Anord is a trusted provider of critical power equipment to a diverse set of blue chip customers in the rapidly growing data center industry, which is being driven by enterprise cloud migration, rising data consumption, media rich content, and proliferation of connected devices. Anord’s unique capability set includes manufacturing operations in Europe and the US, a worldwide sales and service presence, and dual listed UL and IEC products, which positions the Company to deliver innovative and flexible solutions with industry best lead times to customers on a global basis.
“The Anord shareholders and management team have over the course of five decades established the Company as a leader and a pacesetter in critical power equipment,” said Kevin Yamashita, Partner at Bertram. “We believe the Company’s rapid growth and market position are representative not only of the industry’s strong tailwinds, but also of Anord’s highly regarded brand, product expertise and proprietary designs, unique customization and client servicing capabilities, and established relationships within the data center cloud and colocation market.”
Bertram’s investment in Anord highlights its approach of investing alongside founders and business owners, and follows a previous investment in the critical power equipment industry. Anord’s shareholders and management identified Bertram as an optimal financial and strategic partner to support the Company’s ongoing growth, and will retain significant ownership and roles in the Company going forward.
“As we reach an inflection point in our growth, we are excited to partner with Bertram to strengthen our market position and continue to aggressively pursue new growth opportunities,” said Kevin Finegan, Managing Director of Anord. He added, “We are excited to have a partner with specific knowledge and experience in the critical power equipment space that understands the opportunities and challenges which come along with delivering mission-critical products and solutions to our clients. We look forward to working closely with Bertram to achieve our shared vision for the future.”
Anord is a leading global provider of critical electrical power distribution and protection equipment for data centers, energy, and industrial applications. They are a preferred supplier of low voltage switchgear, power distribution units, remote power panels, bus duct, and full modular plantroom and substation solutions to marquee cloud and colocation data center operators. Visit www.anord.com and www.anordcpi.com for more information.
About Bertram Capital
With over $1 billion in committed capital, Bertram Capital is a private equity firm targeting investments in lower middle market companies. By supplying flexible investment capital and committing a wealth of operational and strategic resources to each investment, we make it our core objective to move companies, management teams, and employees toward unlocking their full potential. Visit www.bertramcapital.com for more information.
David Hellier: Bertram Capital