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September 3, 2024 | Foxhole GroupEstimated reading time: 2 minutes
Foxhole Group, a private investment firm focused on the industrial sector, announced today that it has added significant depth of expertise in life science and aerospace and defense capabilities to its Foxtronics EMS platform by partnering with the Faldu family to add Accutron to the company’s portfolio of EMS brands.
Just 55 miles from Foxtronics company OSDA, a high-tech quick-turn prototype PCBA shop in Milford, CT, the acquisition will allow the company to offer world-class service throughout its customers’ full product lifecycle, from design engineering proof of concept, quick turn and prototyping through sustained volume production. The proximity will allow the combined company to conveniently collaborate with R&D and Engineering departments at its customers throughout New England.
With the acquisition, the company adds significant operational talent, as Accutron has been serving customers primarily in the life science and aerospace end-markets for 35+ years. The combination will present clients with myriad value-add capabilities including in-house design, injection molding, full box-build and CNC machining with experience to assemble a broad range of technologies: Rigid, Flex, Rigid-Flex, Rogers, Aramats, Metal Core, Polyimide and Hybrids.
The breadth of end markets and critical certifications for the locations will also expand. The company serves customers in life science, robotics, aerospace & defense, AgTech and semiconductor industries among several others. Customers value the company’s 10 certifications, including ISO13485, ISO9001, ITAR, AS9100, and UL among others. The customer base for the combined company now truly spans nationally.
Regarding the acquisition, VP of East Operations Bill DeProfio was quoted saying, “we are excited to partner with the Faldu family and the Accutron team to bring unique capabilities to our customers. We are significantly advantaged to bring new product innovation skills to the customers where Accutron has been meeting production needs”.
Vijay Faldu of Accutron added, “This is an incredible opportunity and we’re going to rise to the occasion. We already have the best human capital in the business at Accutron and we’re excited about what the new capital will mean in terms of technology and facility improvements. We’re primed to bring additional value to our customers that have been integral to our success these past 35 years”.
CEO of Foxtronics Mark Stephenson said, “Since partnering with Foxhole, CCK Automations Founder JJ Richardson and the teams at OSDA and Argo nearly two years ago, we have been in controlled, hyper-growth mode, seeking ways to add more value for our customers by investing heavily in advanced technology, new capabilities and customer relationships. Accutron is transformative to our company with all that it brings on all fronts.”
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