Gridiron Capital Announces the Sale of ESP/SurgeX

New Canaan CT, February 8, 2016 — Gridiron Capital, LLC, a U.S. based private equity investment firm, is pleased to announce the sale of one of its portfolio companies, ESP/SurgeX, a leading manufacturer of energy intelligence and power protection solutions, to AMETEK, Inc. The transaction closed January 21, 2016.

Since Gridiron Capital’s initial investment in 2008, ESP/SurgeX grew significantly expanding its technology and product offerings and entering several new end markets, making the Company a leader in its industry. The Company completed two strategic acquisitions, SurgeX and SurgeX International, enhancing the Company’s technologies and product offering, which further strengthened ESP/SurgeX’s ability to deliver high value products to its customers.

Tom Burger, Managing Partner of Gridiron Capital, LLC, stated, “While it was a difficult decision to divest ESP/SurgeX given the history of growth and our longstanding partnership with the Company, we’re glad to see that ESP/SurgeX has found a new home with AMETEK and is well positioned to continue its growth and market leadership. We are proud of Gridiron Capital’s association with ESP/SurgeX and are confident that the Company and the management team will continue to enjoy future success with their new strategic partner.

Lincoln International and BNP Paribas acted as joint advisors for the transaction and Ropes & Gray LLP provided legal counsel.

About Electronic Systems Protection Inc.:

Electronic Systems Protection Inc., headquartered in Knightdale, North Carolina, is the leader in power protection, monitoring, management and diagnostic solutions. They are the leading industry provider of on-site and remote power protection products used by industries to lower service costs and ensure reliable electric power to critical equipment. Its patented technology is widely used by the business equipment, imaging, audio visual, information technology, gaming and vending industries. ESP’s product portfolio includes surge elimination solutions, multi-stage power protection products, energy management solutions, and remote diagnostic and predictive capabilities.

About Gridiron Capital:

Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals bring a unique combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages. Gridiron partners with management teams to develop strategies for portfolio companies and provides the resources necessary to execute business plans and build industry-leading companies. Additional information is available on the firm’s website at www.gridironcapital.com.

Press Contact:

Thomas A. Burger, Jr., Managing Partner, Gridiron Capital, LLC, (203) 972-1100, tburger@gridironcapital.com