nVent Electric plc (“nVent”), a worldwide forerunner in electrical connection and protection solutions, has gained CIS Global LLC (“CIS” or the “Organization”), a portfolio organization investment of Guardian Capital Partners (“Guardian”). The transaction was a money purchase price of roughly $200 million.
Settled in Tucson, Arizona, CIS Global is a main provider of strategic power distribution units (“PDU”) and server rack slides to the quickly developing data center and networking enterprises. The Company utilizes around 850 people and works internationally, with production facilities in China, India, Thailand, and the United States. CIS’ product portfolio incorporates a full scope of fundamental and intelligent organization oversaw PDU solutions that are profoundly configurable to address the issues of practically every IT application. Furthermore, the Company offers profoundly designed rack mount technologies that are used by driving server OEMs.
Scott Evans, Founding Partner at Guardian, expressed, “During Guardian’s ownership, the Company invested to expand past its server rack slides offering to incorporate intelligent power distribution unit (“iPDU”) capabilities, turning into the biggest independent provider of server rack power distribution units around the world. The Company is very much situated to fulfill the expanding need for data center products and solutions. I’m pleased with the outstanding presentation of the management team and anticipate seeing the Company’s future accomplishment under the ownership of nVent.”
Gerald Birin, CEO of CIS Global, said, “With Guardian’s assistance, we accomplished critical and differentiated development across all parts of the business, expanding worldwide operations, adding product capabilities, and further entering key customers. Due to the essential organization with Guardian and the execution of a top notch executive team, we are a versatile, high performing business serving a developing data center market.” The law office Seyfarth Shaw LLP prompted Guardian and the Company, and Lincoln International LLC went about as CIS Global’s elite financial advisor. Foley and Lardner gave legal advice to nVent.