Raymond James served as financial advisor to Ridgeline on the transaction.
TCED is a Saint-Jean-sur-Richelieu, Quebec-based company operating a franchise network with 60 retail stores under the Batteries Expert brand.
Those being promoted to senior managing director were Alan Schwartz, who's also chief legal officer and co-head of legal & compliance; and Gwen Reinke, who's also chief compliance officer and co-head of legal & compliance.
Also, the private equity firm upped Tyler Letarte and Andrew McElhinney to principal, and Taylor Casey to vice president.
The investment puts Everise as a valuation of about $1 billion.
According to terms of the deal, P&F shareholders will receive $13.00 per share in cash.
Starting in 2024, companies like Procter & Gamble, Target, IKEA, MGA and Walmart must use zero-emissions vehicles at ports of entry for commerce in California.
Based in Springfield, New Jersey, Hudson is a global laboratory automation solutions provider.
EMS is a distributor of aluminum products in the U.S.
Novvia Group is a rigid container and life sciences packaging distributor.
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