The Knowledge Base: My 2025 Industry Wish List
Global Sourcing Spotlight: The Surprising World of Offshore B2B Industrial Values
Nolan’s Notes: Emerging Trends in 2025
Praesidian Capital Invests in Power Design Services
July 19, 2018 | Business WireEstimated reading time: 1 minute
Praesidian Capital has announced that it agented a $22.4 million senior debt investment to support the merger of Power Design Services LLC and Green Circuits Inc.
Power Design, an Evolve Capital platform company, provides turnkey printed circuit board (PCB) design, prototype, and production services with a focus on speed and service. Green Circuits is a full-service manufacturer focusing on prototyping and high mix, medium volume assembly.
"Both Power Design and Green Circuits are driven to provide high-quality design, prototyping and production services with a customer-first attitude," stated Joe O'Neil, president of Power Design. "Their combination creates tremendous upside. Praesidian's support and ability to meet an aggressive closing timeline were key to the transaction's success."
Ryan Shultz, a partner at Evolve Capital, commented, "We are always excited to have Praesidian as partners. We have closed several investments with the Praesidian team and they have consistently delivered."
"We see great value in this business and are pleased to support such a talented management team," remarked Glenn Harrison, Praesidian Capital Partner. "The acquisition will enhance the commitment to service, speed, and quality present in both organizations."
About Power Design And Green Circuits
Together, Power Design and Green Circuits represent a full-service contract manufacturer for the electronics manufacturing services (EMS) industry with a focus on prototyping and high mix, medium volume assembly. The combined company provides high speed, precision assembly of all types of printed circuit boards and specializes in quick turn manufacturing services where reduced time-to-market is essential to the latest technologies to meet the demands of both lead free and leaded manufacturing. Their objective is to provide solutions through all phases of product assembly, with processes and systems that are registered to AS9100 and ISO13485 quality standards.
About Praesidian Capital
Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. Praesidian invests in established small and mid-sized companies, often in connection with management buyouts, recapitalizations, and refinancings. Based in New York with an office in London, Praesidian manages nearly $1 billion in committed capital.
Share on:
Suggested Items
ITW EAE Achieves ISO 14001 Certification Across All Manufacturing Sites
01/14/2025 | ITW EAEITW EAE, the Electronic Assembly Equipment division of ITW, proudly announces that its manufacturing facilities in Camdenton, Missouri; Lakeville, Minnesota; and Suzhou, China have achieved ISO 14001 certification.
January 2025 Issue of Design007 Magazine: The Designer of the Future
01/13/2025 | I-Connect007 Editorial TeamAs we enter the new year, it’s a great time to be a PCB designer. The job is more complex than ever, and a lot of fun too. We can only wonder what the PCB designers of 1975 would think about the typical PCB designer’s workday. What will the designers' job be like for the next generations?
The Shaughnessy Report: The Designer of Tomorrow
01/14/2025 | Andy Shaughnessy -- Column: The Shaughnessy ReportIt’s a great time to be a PCB designer. The job is more complex than ever, but it's also a lot of fun. We can only wonder what the PCB designers of 1975 would think about today’s typical workday. What will the designer's job look like in the future? There has been a move toward working remotely, driven partly by the COVID pandemic and partly by reality: Many experienced designers simply will not relocate, even for a more lucrative job.
IPC Announces New Training Course: PCB Design for Manufacturability
01/10/2025 | IPCThis three-week online program, taught by an industry expert with over 40 years of experience, is designed to equip PCB designers with the knowledge and skills to reduce or eliminate design, documentation, and capability issues that often arise during PCB fabrication.
Focus on electronica: Future Challenges From a Designer’s Viewpoint
01/09/2025 | I-Connect007 Editorial TeamThomas Romont is CEO of WorldWide Electronic Circuits in Nantes, France, and chair of the IPC Designers Council France. He gave a presentation at electronica titled Challenges for the Future From a PCB/PCBA Designer Perspective. We asked Thomas to share his thoughts about the class, why this topic is so important, and what he hoped attendees would take away from his class.