O2 Invests in Electronic Components Distributor Flip Electronics
January 14, 2021 | Business WireEstimated reading time: 1 minute
O2 Investment Partners has announced that it has made a significant investment in Flip Electronics, partnering with CEO Jason Murphy and his management team to support the company’s rapid growth. Terms of the investment were not disclosed.
Jason Murphy, CEO of Flip, commented, “We have seen significant growth over the last several years by establishing strategic, authorized relationships with our original component manufacturer partners. Our demand analytics and unique go-to-market model allow us to match customer requirements to end-of-life (EOL) and slow-moving inventory, creating more value from parts that typically do not get good market exposure in existing sales channels. Our unique access to 100% factory authorized traceable parts helps our customers avoid counterfeit risk and costly product redesigns. We are thrilled to partner with O2 to help us facilitate our next stage of growth. We have built a unique and robust platform and would like to continue our aggressive expansion, and we believe O2 is the perfect partner to help us achieve our goals.”
Founded by Jason Murphy in 2015, Flip Electronics is an authorized specialty distributor of electronic components to customers across the U.S. and internationally. Flip serves as a critical supply chain partner to both electronic component manufacturers and end customers across a range of industries, including military, aerospace, telecommunications, healthcare, and industrial. The Company helps solve complex challenges caused by component obsolescence through its core focus on EOL, obsolete, and hard-to-find parts. Flip is headquartered in Roswell, Georgia.
Joe Vallee, Vice President at O2, commented, “We feel very lucky for the opportunity to partner with Jason and the Flip Electronics team. Flip’s value proposition to both original component manufacturers and customers has helped the company establish a strong position in its industry, and we believe there is significant opportunity for continued growth. Our goal is to support management’s vision and help the team as they work through strategic decisions and growth planning.” Mr. Vallee added, “We also want to thank our financial partners PNC Bank and Capital Southwest Corporation for their confidence and participation in this investment and Citizens M&A Advisory for running an efficient sale process.”
Flip Electronics, LLC is the third platform investment for O2’s most recent fund, O2 Investment Partners Fund III.
Suggested Items
Electronics Industry Sentiment Rose in April, Hitting New High
05/02/2024 | IPCApril 2024 marked the third consecutive month of sentiment growth among electronics manufacturers. When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
NextFlex Convenes the Hybrid Electronics Community at Binghamton University
05/01/2024 | NextFlexBinghamton University hosted the NextFlex hybrid electronics community on April 18 for a day of expert presentations, breakout sessions on technology and manufacturing topics, and networking.
HQ NextPCB of HQ Electronics Debut on the International Stage for Electronics Manufacture at IPC APEX 2024
05/01/2024 | PRNewswireHQ NextPCB of HQ Electronics, a leading Chinese-based multilayer PCB manufacturer and assembly house showcased its industrial prowess on the international stage for the first time at the IPC APEX Expo 2024.