Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Masterwork Electronics Acquired by Hidden Harbor Capital Partners
August 8, 2018 | Hidden Harbor Capital PartnersEstimated reading time: 2 minutes
Hidden Harbor Capital Partners, an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce the acquisition of Masterwork Electronics, a top manufacturer of printed circuit board assemblies (PCBA) for leading global companies.
Founded in 1994 in order to meet the increasing worldwide demand for PCBA and Cable & Harness Assembly, Masterwork Electronics is today one of the premier electronics manufacturing service (EMS) providers. The company serves a diverse mix of customers from North America, representing varied markets including telecom, industrial hardware, payment processing, electric vehicle charging, and home automation.
With California-based corporate leadership and state-of-the-art production facilities just over the border in Mexicali, Mexico, Masterwork Electronics is the go-to nearshoring provider of high quality and low-cost manufacturing solutions.
“Masterwork has made significant investments in state of the art manufacturing equipment and facilities in Mexico,” said John Caple, Managing Partner at Hidden Harbor. “We are excited about Masterwork’s growth prospects as it continues to focus on superior service, innovative solutions and a high performance culture for the benefit of its customers, suppliers and employees.”
“Masterwork is eager to partner with Hidden Harbor, which will bring the resources and capital to continue our strong record of performance and support our next phase of growth,” said Paul Morben, CEO of Masterwork. “With Hidden Harbor’s superior operational support, we will continue to provide best-in-class customer service to our customer base.”
Commenting on the transaction, Masterwork founder Rob Weed (Chairman of the Board post transaction), said, “We are very pleased to welcome Hidden Harbor as a partner to work with Masterwork to further accelerate our business growth and bring proven operational expertise in continuing our focus on superior service and solutions for our customers.”
Hidden Harbor’s acquisition of Masterwork closed on July 27, 2018. Silver Point Capital provided financing for the transaction, and B. Riley FBR served as an advisor to Masterwork. Configure Partners and Lincoln International served as financing and M&A advisors, respectively, to Hidden Harbor.
About Masterwork Electronics
Founded in 1994, Masterwork Electronics is today one of the premier Electronics Manufacturing Service (EMS) providers, and serves a diverse mix of Original Equipment Manufacturers (OEMs) from North America and beyond, representing varied markets including telecom, industrial hardware, payment processing, electric vehicle charging, and home automation. With California based corporate leadership and state-of-the-art production facilities just over the border in Mexicali, Mexico, Masterwork Electronics is the go-to nearshoring provider of high quality/low-cost manufacturing solutions.
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm with an operations soul and intense passion for building great companies. Hidden Harbor brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations. Our principals are InvestorOperators® who bring over 55 years of both extensive transaction and operating experience to truly understand your business. As one team, we partner and work hand-in-hand with our portfolio companies to drive business successes.
Share on:
Suggested Items
IPC White Paper Maps the Regulatory Terrain for Electronics Suppliers in E-Mobility Sector
05/07/2025 | IPCElectronics suppliers supporting the rapidly growing e-mobility sector are facing a dramatic escalation in environmental and social governance (ESG) compliance expectations. A new white paper from IPC’s e-Mobility Quality and Reliability Advisory Group provides a comprehensive overview of the evolving regulatory landscape and outlines the data infrastructure needed to stay ahead.
MKS Breaks Ground on New Chemical Manufacturing and TechCenter Facility in Thailand
05/07/2025 | MKS Instruments, Inc.MKS Instruments. Inc., a global provider of enabling technologies that transform our world, announced today the groundbreaking of its cutting-edge Atotech chemical manufacturing and TechCenter facility at the Asia Industrial Estate Suvarnabhumi, located east of Bangkok, Thailand.
Indium’s Karthik Vijay to Present on Dual Alloy Solder Paste Systems at SMTA’s Electronics in Harsh Environments Conference
05/06/2025 | Indium CorporationIndium Corporation Technical Manager, Europe, Africa, and the Middle East Karthik Vijay will deliver a technical presentation on dual alloy solder paste systems at SMTA’s Electronics in Harsh Environments Conference, May 20-22 in Amsterdam, Netherlands.
From Execution to Intelligence: A Data-driven Approach to Modern Manufacturing
05/06/2025 | Barry Matties, I-Connect007In this discussion, Augusto Vilarinho, an MES expert at Critical Manufacturing, explores the essential functions of MES in tracking and tracing shop floor activities where AI and machine learning capabilities are purposely built into the MES through it's embedded data platform, capturing all machine data, integrating and connecting with different systems, ERPs, physical equipment, and people.
Libra Industries Boosts SMT and Electronics Manufacturing Capabilities in Dallas, Texas
05/06/2025 | Libra IndustriesLibra Industries is excited to announce the latest upgrades to its surface mount technology (SMT) capabilities at its Dallas, Texas facility.