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Dresner Partners Advised Socomec on it's Strategic Expansion Into the North American Market.
FOR IMMEDIATE RELEASE
DRESNER PARTNERS ADVISED SOCOMEC ON ITS STRATEGIC EXPANSION INTO THE NORTH AMERICAN MARKET
CHICAGO – December 27, 2017 – Dresner Partners, a leading FINRA-registered, middle-market investment bank and IMAP member firm, is pleased to announce that it advised Socomec SAS (Socomec) on its expansion into the North American market. As a result, Socomec recently completed the acquisition of Continental Control System (CCS). Terms of the transaction were not disclosed.
France-based Socomec is an independent industrial group with a global workforce of 3,000 people with 21 subsidiaries located across five continents. Its core business provides the availability, control and safety of low voltage electrical networks with a focus on its customers’ power performance. Colorado-based CCS specializes in electric power metering and monitoring equipment for the measurement of energy and power production and consumption.
“We would like to thank the entire team at Dresner Partners, which was led by Steven Dresner and Brian Schofield, for their tireless work and dedication in helping us analyze the North American market,” said Thierry Copie, Strategy & Alliances Director of Socomec. “By acquiring CCS, we are building an industrial base that will strengthen our offerings in both the traditional and the growing energy efficiency markets.”
Brian Schofield, Senior Vice President, of Dresner Partners said, “Socomec is a world class organization that will be an excellent partner to CCS. We expect to see continued opportunities for Socomec to partner with other high-quality businesses in the North American Market.”
Steven M. Dresner, President of Dresner Partners and Vice Chairman of IMAP added, “We are pleased that Socomec was able to complete this transaction. CCS is an attractive platform that has strong synergies with Socomec. Customers of both companies will benefit from broader capabilities, and enhanced customer service and management in the United States.”
About Dresner Partners / IMAP
Dresner Partners is a FINRA-registered, middle-market investment bank headquartered in Chicago, with offices in New York City, Fort Lauderdale, Fla., and Irvine and Palo Alto, Calif. For nearly 25 years, Dresner Partners has provided financial advisory services to middle-market companies throughout the world, including institutional private placements of debt and equity, merger and acquisitions advisory, financial restructuring & corporate turnarounds, valuations and strategic consulting services. Dresner Partners is a member of IMAP, the world’s leading global mergers and acquisitions partnership focused on the middle market. Founded in 1973, IMAP has more than 60 offices across the globe that work together seamlessly to deliver exceptional value to its clients. An affiliated company, Dresner Corporate Services, is a strategic communications firm specializing in public and investor relations. More information is available at www.dresnerpartners.com or http://www.imap.com/city?city=Chicago. You can also follow Dresner Partners on Twitter at www.twitter.com/DresnerPartners.
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