MADISON HEIGHTS, Mich.,
May 20, 2024 /PRNewswire/
-- Energy Products Inc. announced today the acquisition of
Reliable Batteries Inc., a leading independent battery distributor
based out of New Hope, MN. The
acquisition marks a significant milestone for Energy Products
creating an eighth distribution point to efficiently service their
growing customer base.
Energy Products has experienced incredible growth in recent
years. This acquisition represents their sixth major expansion in
recent years and their second acquisition in 2024.
Brett Smith, President of Energy
Products, expressed excitement stating, "We are thrilled with our
acquisition of Reliable Batteries. Tim and Jessi have built a
wonderful team and a great business. We look forward to them
staying onboard to continue their leadership roles. The acquisition
further enhances our rapidly growing distribution network, opening
an adjacent market for Energy Products. This expansion aligns
perfectly with our strategic vision and will deliver exceptional
value for our customers and continued strong results for our
partners."
Tim Sova of Reliable Batteries
stated, "We have always built the business on a foundation seeking
to excel at customer service, offering quality products with
competitive pricing, and building long term partnerships. I firmly
believe that any long-term relationship must be good for both
parties to be sustainable, and this requires communication, trust,
and integrity. I am thrilled and excited to be joining Energy
Products as I know they share the same values and ideals as we've
founded our business on. I am looking forward to how this
partnership will allow us to serve our customers even better in the
future."
For more information about Energy Products and its comprehensive
range of battery solutions, please visit www.energyprod.com.
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SOURCE Energy Products Inc.