NEW YORK Battery
Solutions Inc. has appointed Michael Profit as chief executive
officer following an investment from Alston Capital Partners
Profit previously served as
chief executive officer of information technology asset
management and electronics recycling services company Intechra
Alston, a private equity firm
focused on the environmental sector, made a "control
investment" in New Howell, Mich.-based Battery Solutions
whereby founder and owner Chris Sova will continue to be a
"significant shareholder" in the battery recycler, an Alston
spokesman told AMM.
Alston had formerly worked with
Profit when it held a controlling interest in Intechra, prior
to its acquisition by Arrow Electronics Inc. in November 2010
amm.com, Nov. 24, 2010).
"We are confident that the
addition of Michael Profit and a strong capital provider,
skilled in building businesses, will strengthen our ability to
serve our customers," Battery Solutions vice president of
account management Jeremy Sova said in a statement.