Skye Asset Management buys Maryland UPS specialist CoastTec
What's the deal? Skye Asset ManagementDealroom has a profile for this one. Try Dealroom → has acquired CoastTecDealroom has a profile for this one. Try Dealroom →, an Eldersburg, Maryland-based provider of uninterruptible power supply (UPS) lifecycle management solutions. Chesapeake Corporate AdvisorsDealroom has a profile for this one. Try Dealroom → served as exclusive financial advisor to CoastTec. Terms were not disclosed.
What does CoastTec do? For more than three decades, it has repaired, refurbished, and managed fleets of APCDealroom has a profile for this one. Try Dealroom → UPS systems for customers across the US. President and chief executive officer Jon Sevel will continue to lead the company.
Who's the buyer? Skye is a single-family office that invests its own capital directly in operating businesses through acquisitions, co-investments, and equity stakes. Led by former operators, it focuses primarily on the Mid-Atlantic region and targets companies with strong fundamentals that lack the capital or infrastructure to grow.
The rationale: CCA framed the fit around Skye's hands-on approach. "Skye's operator mindset made them a natural fit, and we look forward to watching CoastTec thrive in this next chapter," said Dave Morrison, a director at CCA who advised on the deal alongside managing director Mike Zuidema.
The signal: The deal reflects continued family-office appetite for lower-middle-market operating businesses, particularly those tied to critical power infrastructure. With Sevel staying on, it fits a common playbook: an operator-led buyer backing an established niche specialist rather than restructuring it.
Read more: citybiz.co
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