The Government Circuit: Navigating New Trade Headwinds and New Partnerships
Global Sourcing Spotlight: How to Evaluate Supplier Capabilities Worldwide
The Knowledge Base: Cultivating Your Brand in the Age of Connection
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:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
Indium Expert to Present on AI Thermal Challenges at INEMI Forum on Complex Integrated Electronics
08/26/2025 | Indium CorporationIndium Corporation Assistant Product Manager Foo Siang Hooi will deliver a technical presentation on addressing thermal challenges in AI and high-performance computing (HPC) with metal-based thermal interface materials (TIMs) at the International Electronics Manufacturing Initiative (INEMI) Forum on Complex Integrated Electronics, to be held September 17-18 in Penang, Malaysia.
Spirit Electronics Orders Hentec Industries/RPS Automation Photon Steam Aging System
08/25/2025 | Hentec Industries/RPS AutomationThe Photon steam aging system is used for accelerated life testing - achieved by subjecting the components to a heated, moisture-rich environment, to simulate elongated storage conditions.
The Government Circuit: Navigating New Trade Headwinds and New Partnerships
08/25/2025 | Chris Mitchell -- Column: The Government CircuitAs global trade winds continue to howl, the electronics manufacturing industry finds itself at a critical juncture. After months of warnings, the U.S. Government has implemented a broad array of tariff increases, with fresh duties hitting copper-based products, semiconductors, and imports from many nations. On the positive side, tentative trade agreements with Europe, China, Japan, and other nations are providing at least some clarity and counterbalance.
Missile Strike on Ukraine Hits Flex Facility
08/22/2025 | FlexOn the morning of August 21, 2025, our facility in Mukachevo, Ukraine, was damaged during a missile strike. Our emergency protocols were executed to ensure the full evacuation of the site.
TPCA Establishes Thailand PCB Academy in Bangkok
08/22/2025 | TPCAA distinguished delegation of distinguished guests from industry, government, academia, and research in Taiwan and Thailand, including representatives from the Ministry of Higher Education, Science, Research, and Innovation (MHESI), the Board of Investment of Thailand (BOI), and the Taipei Economic and Cultural Office in Thailand (TECO), as well as professors from several Thai universities and member companies, attended the historic occasion.