Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
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
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
IPC Issues Clarion Call for EU to Reclaim Leadership in Electronics Manufacturing
11/21/2024 | IPCIPC released a synopsis of its recent white paper, Securing the European Union’s Electronics Ecosystem. This condensed document presents a comprehensive overview of the current challenges in Europe’s electronics manufacturing industry and shares actionable steps to help the EU achieve a stronger, more autonomous ecosystem.
IPC Celebrates National Apprenticeship Week with a Focus on Electronics Manufacturing Excellence
11/19/2024 | IPCIPC, a leading global electronics industry association and source for industry standards, training and advocacy, is proud to announce its participation in National Apprenticeship Week, scheduled for November 17-23, 2024.
IPC Introduces First Standard for In-Mold Electronics
11/18/2024 | IPCIPC announces the release of IPC-8401, Guidelines for In-Mold Electronics. IPC-8401 addresses in-mold electronics (IME) technology, providing industry consensus on guidelines for manufacturing processes, part structures, material selection, and production test methods to integrate printed electronics and components into 3D smart structures.
Disruptive Innovation and Generative AI Inventor, Kevin Surace, to Keynote IPC APEX EXPO 2025
11/15/2024 | IPCEach year, IPC APEX EXPO features industry’s most dynamic, innovative minds to deliver keynote presentations that are both educational and entertaining. IPC APEX EXPO 2025 will feature Kevin Surace, an internationally renowned futurist and generative artificial intelligence (AI) innovator.