ERP Bought by Private Equity Firm

Power supply products manufacturer ERP Power has been acquired by Angeles Equity Partners LLC, the companies announced Wednesday. Terns of the deal between ERP, in Moorpark, and Angeles Equity, in Los Angeles, were not disclosed. ERP, founded in 2006, designs and manufactures power supply and drivers for LEDs in commercial and industrial applications. The company makes its products at a factory it owns in China. ERP Chief Executive Michael Archer said that the experience Angeles Equity has in the power electronics industry and in mergers and acquisition make it the right partner for the company to achieve long-term potential. “The Angeles Equity Partners team has significant experience creating value in businesses in which they invest,” Archer said in a prepared statement. Angeles Equity is a private equity firm that invests in companies valued up to $200 million with headquarters and primary operations in the United States or Canada.