Weston Presidio Acquires Micro Power
The transaction strengthens micro power's ability to continue its national expansion and strengthen its service offerings.

HILLSBORO, OR - Micro Power Electronics announced today that Weston Presidio acquired the company from Sierra Ventures and Palisades Ventures. Micro Power is the global leader in portable power solutions for mission-critical equipment and provides custom battery solutions to leading portable medical, rugged handheld computing and commercial military equipment manufacturers.

"We are pleased to announce a transaction that has generated significant value for Micro Power shareholders while strengthening Micro Power's ability to continue its national expansion and strengthen service offerings through acquisition or internal development," said Greg Love, President and CEO of Micro Power. "Weston Presidio has demonstrated an in-depth understanding of our business, and will be valuable advisors as we expand our customer base of medical and military equipment manufacturers."

"Weston Presidio's acquisition of Micro Power provides a great opportunity for us to broaden and diversify our portfolio into the portable power and medical electronics markets," said James McElwee, Partner of Weston Presidio. "We are confident that Micro Power's seasoned and committed management team will leverage this investment to further its lead in the portable power market."

"Micro Power has been one of the highest performing and best managed companies in the Sierra Ventures portfolio," said Jeff Drazan, former Chairman of Micro Power and Managing Director of Sierra Ventures. "We were fortunate to have had the opportunity to work with an outstanding management team, without which Micro Power would not have distinguished itself as the market leader for portable power."

Weston Presidio's focus is to provide growth capital for companies with market leadership and exceptional management teams. Micro Power currently dominates the battery subsystems market for Automatic External Defibrillators (AEDs), accounting for over 70 percent of that fast growing business.

About Micro Power Electronics, Inc.
Micro Power Electronics, Inc. is an ISO 9001:2000 certified and FDA registered supplier of custom battery systems for the portable medical, rugged handheld computing, and data collection equipment markets. As a pioneer in the development of Lithium battery systems and smart battery packs, with more than 20 years of experience developing battery solutions, Micro Power is capable of meeting the most challenging power requirements. With a proven track record of technical excellence, quality solutions and award-winning service, Micro Power has become the fastest growing supplier of custom battery systems in North America. For more information, please visit or call 800-576-6177.

About Weston Presidio
Weston Presidio (www.westonpresidio.com), founded in 1991, provides growth capital to companies across a wide range of industries and stages of development throughout the United States and Canada. With locations in San Francisco, Boston and Menlo Park, the firm is able to provide broad national coverage. Weston Presidio's experienced team has helped identify, build and maximize value in over 300 leading growth companies. With over $3.3 billion under management across all of its funds and an extensive network of industry contacts, Weston Presidio provides its portfolio companies with strategic guidance and financial support. Weston Presidio seeks to partner with exceptional management teams capable of building long-term value.

About Sierra Ventures
Sierra Ventures is a private venture capital firm focusing its investments across all areas of the Information Technology sectors from semiconductors to enterprise software. Sierra Ventures works with entrepreneurs and management teams to originate and build new companies into large, profitable businesses. Sierra Ventures manages eight venture capital partnerships, which together have more than $1.1 billion of committed capital. Following the successful launches of the Sierra Ventures I (1982), II (1985), III (1988), IV (1991), V (1995), VI (1997), and VII (1999) partnerships, Sierra Ventures raised $500,000,000 of new committed capital with Sierra Ventures VIII (2000).

Technology Investment Banking

Technology expertise for middle-market M&A transactions.

Valuation Advisory Services

Our valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.