BIRMINGHAM, AL. (February 23, 2023) – Founders Advisors (“Founders”) is pleased to announce that EasyPower, LLC, a premier provider of software for intelligently designing, analyzing, and monitoring electrical power systems, has been acquired by Bentley Systems, Incorporated, the infrastructure engineering software company (Nasdaq: BSY).
Established in 1984 and located in Portland, OR, EasyPower has been at the forefront of developing graphics-based modeling and analysis software to simplify and enhance the resolution of complex electrical engineering issues. EasyPower’s products primarily aid designing, analyzing, and monitoring power distribution systems for industrial and commercial facilities, ensuring safety, reliability, and adherence to regulatory standards.
Kevin Bates reached out to Founders Advisors to help guide him and his team through a transaction to buy out the existing, non-operational shareholders of EasyPower. He had clear criteria for his prospective partner: identify someone who shared his vision for the future of EasyPower and could collaborate with his talented and motivated management team to propel the business forward. Founders Advisors worked diligently to identify such a partner for Kevin and his team.
EasyPower CEO Kevin Bates said, “Founders worked to understand our team’s goals and help us find a partner that both values what we have built and will enable us to continue growing the robustness of our solution and excellently serve our customers. We are excited about joining Bentley Systems and thankful for the help of the Founders team throughout the process in finding the right home for us.”
Chris Weingartner, Founders Advisors Managing Director said, “Our team loved getting to work with Kevin and the rest of the EasyPower team. Their ability to build a robust, user-friendly platform focusing on an incredibly technical topic with regularly changing specifications is second-to-none. Our team looks forward to seeing EasyPower continue to thrive and are excited to watch them execute on the growth and product expansion initiatives that are planned.”
Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. To provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member of FINRA & SiPC. Founders M&A Advisory, LLC is a wholly-owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.