Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – August 27, 2026 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce it has served as the exclusive financial advisor to CoastTec (“the Company”), a leading provider of uninterruptible power supply (UPS) lifecycle management, repair, refurbishment, and fleet management solutions, in its sale to Skye Asset Management (“Skye”).
Headquartered in Eldersburg, Maryland, CoastTec is a leading provider of repair, refurbishment, lifecycle management, and fleet management solutions for APC uninterruptible power supply (UPS) systems. For more than three decades, the Company has built a strong reputation for technical expertise, exceptional customer service, and sustainable solutions, serving customers across a wide range of industries throughout the United States.
CoastTec’s President & CEO, Jon Sevel, who will continue to lead the Company, stated, “Both Mike and Dave always made me feel more than just a client. They truly cared about me and the outcome for my future. They kept me focused on driving the business while they led the charge. I truly appreciate everything that they did for me.”
Dave Morrison, Director at CCA, added, “Guiding Jon and the CoastTec team through this process was incredibly rewarding. After more than three decades building a business rooted in trust and technical excellence, finding a partner who shared that same commitment to people mattered as much as the numbers. Skye’s operator mindset made them a natural fit, and we look forward to watching CoastTec thrive in this next chapter.”
In addition to Mr. Morrison, CCA’s team on this transaction included Managing Director Mike Zuidema. Nelson Mullins served as legal counsel to CoastTec.
About CoastTec
CoastTec is an Eldersburg, Maryland-based provider of uninterruptible power supply (UPS) lifecycle management solutions, specializing in the repair, refurbishment, and fleet management of APC UPS systems. For more than 30 years, the Company has helped organizations maximize the performance and lifespan of their critical power infrastructure through industry-leading technical expertise, responsive customer service, and sustainable asset management solutions. To learn more, visit www.coasttec.com.
About Skye Asset Management
Skye Asset Management is a single-family office that makes direct investments in operating businesses through acquisitions, co-investments, and equity stakes. Led by former operators, Skye partners with companies that have strong fundamentals and clear growth potential but lack the capital or operational infrastructure to reach their next chapter. As a relationship-driven investor deploying its own capital, Skye focuses primarily on the Mid-Atlantic region while evaluating compelling opportunities more broadly.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors is a boutique investment banking and corporate advisory firm providing strategic advisory services (value creation) and investment banking services (value realization) to companies in the lower middle market. For more information, visit www.ccabalt.com or call 410.537.5988.