Knocking Down the Bone Pile: Best Practices for Electronic Component Salvaging
Global Citizenship: Together for a Perfect PCB Solution
Smart Automation: Odd-form Assembly—Dedicated Insertion Equipment Matters
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:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Accelerating Embedded Innovation: Orthogone Becomes Texas Instruments Design Partner
09/17/2025 | PRNewswireOrthogone Technologies Inc., a leader in advanced embedded systems and FPGA development, is proud to announce its official designation as a Texas Instruments (TI) Design Services Partner.
BLT Joins Microchip Partner Program as Design Partner
09/17/2025 | BUSINESS WIREBLT, a U.S.-owned and operated engineering design services firm announced it has joined the Microchip Design Partner Program.
Staying on Top of Signal Integrity Challenges
09/16/2025 | Andy Shaughnessy, Design007 MagazineOver the years, Kris Moyer has taught a variety of advanced PCB design classes, both online IPC courses and in-person classes at California State University-Sacramento, where he earned his degrees in electrical engineering. Much of his advanced curriculum focuses on signal integrity, so we asked Kris to discuss the trends he’s seeing in signal integrity today, the SI challenges facing PCB designers, and his go-to techniques for controlling or completely eliminating SI problems.
American Standard Circuits to Exhibit and Host Lunch & Learn at PCB West 2025
09/17/2025 | American Standard CircuitsAnaya Vardya, President, and CEO of American Standard Circuits/ASC Sunstone Circuits has announced that his company will once again be exhibiting at PCB West 2025 to be held at the Santa Clara Convention Center on Wednesday, October 1, 2025.
ASM Technologies Limited signs MoU with the Guidance, Government of Tamilnadu to Expand Design-Led Manufacturing capabilities for ESDM
09/15/2025 | ASM TechnologiesASM Technologies Limited, a pioneer in Design- Led Manufacturing in the semiconductor and automotive industries, announced signing of Memorandum of Understanding (MoU) with the Guidance, Government of Tamilnadu whereby it will invest Rs. 250 crores in the state to expand its ESDM related Design-Led Manufacturing and precision engineering capacity. ASM Technologies will acquire 5 acres of land from the Government of Tamilnadu to set up a state-of-the-art design facility in Tamil Nadu's growing technology manufacturing ecosystem, providing a strong strategic advantage and long-term benefits for ASM.