BDO Capital Advises Enercon Technologies on Investment from EW Healthcare Partners

Boston, MA – May 18, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce that Enercon Technologies, Inc. (Enercon or the Company) has received an investment from EW Healthcare Partners. BDO Capital served as exclusive financial advisor to Enercon on this transaction, which builds on the firm’s experience advising businesses in the contract manufacturing sector.

Founded in 1980, Enercon is an industry-leading Technology, Design and Manufacturing Service provider (TDMS) of medical devices, healthcare, life-sciences, industrial and automotive products. The Company manufactures complex electronic and electro-mechanical products using proprietary software systems and supports customers at every stage of the product lifecycle, from inception through after-market services. Enercon is based in Gray, Maine, and has over 250 highly skilled employees, all of whom operate from the Company’s recently expanded 100,000 square foot state-of-the-art Design + Build facility.

"Enercon is excited to partner with EW Healthcare for the next stage of our company's growth," said Ryan Marcotte, CEO at Enercon Technologies. "EW enhances Enercon's already strong financial and operational position by providing expertise in Enercon's core end markets of Healthcare and MedTech. EW shares our vision of growing Enercon as a platform and they align with our values and culture that our employees are our most important asset. We are thrilled to have EW as our partner."

"We are thrilled to partner with the Enercon team to help continue their history of impressive growth while providing additional resources and investment to further expand upon their innovative offerings for existing and future customers," said Brooks Andrews, Managing Director at EW Healthcare Partners. "Feedback from the market was clear in our diligence - Enercon excels when it comes to engineering and manufacturing capabilities, quality, and reliably serving its customers' needs - and we look forward to increasing the awareness of these core strengths in the years ahead."

EW Healthcare Partners is a well-respected healthcare growth equity firm with over $4 billion raised since inception. EW Healthcare has a global reach through three offices with active investments in the U.S. and Europe. The firm has been an active investor in over 150 healthcare companies in the pharmaceutical, biotechnology, medical device, services and information technology sectors including growth equity, PIPE and buyout financings.