Harpeth Capital Announces the Sale of EnergyLogic

Harpeth Capital, LLC is pleased to announce the sale of EnergyLogic, LLC (“EnergyLogic” or the “Company”) to Rock Energy Systems, LLC, a portfolio investment of Aldine Capital Partners. Based in Nashville, EnergyLogic designs, manufactures and distributes a strategic portfolio of heating and cooling products to a variety of end-users in the automotive, industrial, commercial and agricultural industries. The transaction significantly expands the solutions that Rock Energy can offer through its distribution channels while growing its customer base. Harpeth Capital served as exclusive financial advisor to the Company in connection with the transaction.

Rob Stevens, President and CEO of EnergyLogic, said, “I had been contemplating a potential sale of the company, which as any long-time business owner will tell you is not a decision that is made easily. Ultimately, I felt a strategic buyer was our best option. In conjunction with my long-term strategic accounting firm I also engaged Harpeth Capital to help me evaluate the offer, produce analyses to highlight the financial performance and strengths of the company, and advise me throughout the negotiations and due diligence. Chuck’s and Adam’s sincere interest and guidance were very helpful in the successful navigation of this process.”

Commenting on the transaction, Harpeth Capital Managing Director Adam Landa said, “Rob was a pleasure to work with and we greatly enjoyed the interaction throughout the process. He has grown EnergyLogic into a stable and profitable business, and positioned the company to be an ideal acquisition. We couldn’t be happier with the outcome for Rob and his shareholders.”

Additional information – NashvillePost press release (November 26, 2019)