Weston Presidio Ready to Power Down Investment

Weston Presidio has entered into an agreement to sell its portfolio company Micro Power Electronics to a subsidiary of Greatbatch (NYSE: GB) for about $60 million and the assumption of debt and certain transaction-related payments and expenses. Weston Presidio has owned Micro Power since 2006. The company provides custom battery systems to the portable medical, automatic data collection, military and commercial markets and is being advised by XMS Capital Partners on the sale.