Lithium-ion battery pack manufacturer Palladium Energy is being merged with ICCNexergy after both companies were bought by a private-equity firm.
Headquartered in the Chicago area with a working name of ICCNexergy+Palladium, it will eventually be rebranded and renamed.
Denver-based KRG Capital Partners merged the companies after buying Palladium from Los Angeles-based Marlin Equity Partners. It bought charging and power solutions firm ICCNexergy last year.
Terms of KRG’s acquisition of Palladium, or of the merger, weren’t disclosed.
John Gatti, the current president and CEO of Palladium, will take over the merged firm as president and CEO. ICCN president Stephen McClure will become non-executive chairman of the combined company’s board.