October 17, 2016 – Bravaldo Capital Advisors, Inc. (“BCA”) is pleased to announce that its client, BITZER US, Inc., a Flowery Branch, Georgia-based leading manufacturer of compressors, condensers, and pressure vessels for refrigeration and air conditioning applications, completed the successful acquisition of ElectraTherm, Inc., a renewable energy company headquartered in Reno, Nevada. BCA sourced the acquisition, served as advisors to BITZER, and provided critical transaction advice which led to a smooth closing.
Peter Narreau, President of BITZER US, noted “we have been working with BCA for more than three years, and through hard work and persistence, BCA assisted us in sourcing, structuring, and acquiring ElectraTherm. This acquisition will provide BITZER with new products to complement our core commercial refrigeration business and we look forward to integrating ElectraTherm, Inc. into our operations.” Matt Lish, Business Development Manager, stated “having an experienced advisor like BCA facilitated our success throughout the deal process. We relied on BCA for transaction advice from signing the letter of intent through closing.”
Don Bravaldo, President of Bravaldo Capital Advisors, added “We are fortunate our client’s determined and process-driven management team was focused to get this deal completed. We look forward to our continued relationship with this great company.”
BITZER US, Inc. (www.bitzer.de/us/us) is a subsidiary of the BITZER Group of 45 companies since 1989, and is located in Flowery Branch, GA. BITZER, founded in 1934 and headquartered in Sindelfingen, Germany, is the world’s largest independent manufacturer of air conditioning and refrigeration compressors with sales companies and productions sites for compressors, condensers, and pressure vessels all over the globe.
ElectraTherm, Inc. (www.electratherm.com) Formed in 2005, ElectraTherm is a Reno, NV based manufacturer of waste heat-to-power generating systems. ElectraTherm’s product, the Power+ GeneratorTM, generates fuel-free, emission-free power from low temperature waste heat using the Organic Ranking Cycle (ORC) and patented technology.