Lindsay Goldberg to Acquire Creation Technologies
July 22, 2019 | Creation TechnologiesEstimated reading time: 2 minutes
Creation Technologies LP and Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, today announced an agreement under which Lindsay Goldberg will acquire Creation, a global leader in creating transformative design and manufacturing solutions for original equipment manufacturers (OEMs), from Birch Hill Equity Partners and other equity holders.
Ashley Dafel, president and CEO, Creation, said, “This is an exciting moment for Creation, our team members and our customers. Lindsay Goldberg is a long-term equity partner that is committed to our continued growth and success, and to building on the strong foundation we have developed over our 28 years of operations. We remain focused on delivering the best total solutions for our customers and their businesses in all the markets we serve.”
Michael Dees, partner, Lindsay Goldberg, said, “We are excited to advance Creation’s industry leadership in the growing electronics manufacturing services market and to invest in a company with a strong customer value proposition, unique business model and attractive growth opportunities. We look forward to working in partnership with the Creation team to continue to grow the business over the long term.”
Founded in 1991, Creation employs approximately 3,000 people across the USA, Canada, Mexico and China. Creation provides its OEM customers across a wide range of industries with product development and engineering, rapid prototyping, design for supply chain, manufacturing, integration and fulfillment and logistics and after-market services.
The transaction is to be completed by way of a plan of arrangement under the Business Corporations Act of British Columbia. Completion of the transaction is subject to a number of conditions, including court, shareholder approvals, and applicable regulatory approvals.
About Lindsay Goldberg
Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Founded in 2001, Lindsay Goldberg’s relationship-driven approach is centered upon a collaborative investment model and supported by its global network of affiliate partners. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.
About Creation Technologies
Creation provides total product lifecycle solutions including turnkey design, rapid prototyping, manufacturing and fulfillment to its customers around the world. Since 1991, Creation has been focused on making it easy for OEMs to ‘say yes’ to their customers.
The company of approximately 3,000 people operates nine manufacturing locations, two design centers and a rapid prototyping center in the USA, Canada, Mexico and China. Its OEM customers are in the industrial & instrumentation, medical, communications, transportation, aerospace, defense & security, and energy & environmental markets. For more information visit www.creationtech.com.
Suggested Items
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
04/23/2024 | GlobalFoundriesGlobalFoundries (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.
ROHM Group Company SiCrystal and STMicroelectronics Expand Silicon Carbide Wafer Supply Agreement
04/23/2024 | ROHMROHM and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion of the existing multi-year, long-term 150mm silicon carbide (SiC) substrate wafers supply agreement with SiCrystal, a ROHM group company.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
Altus Group Helps BitBox Unlock Productivity and Efficiency Gains with New Reflow Oven
04/22/2024 | Altus GroupAltus Group, a leading provider of capital equipment, has recently assisted BitBox, a UK-based electronics design, engineering and manufacturing company in upgrading its operations with the implementation of a new reflow oven from Heller Industries.
Growth Potential: Electronics Manufacturing Driving Massive Surge in Manufacturing Investment
04/22/2024 | Shawn DuBravac, IPCIn the early months of the pandemic, investment in manufacturing infrastructure, such as plants and production facilities, declined sharply. Real investment dropped over 11%, before finally recovering to pre-pandemic levels in the first half of 2022. Over the past two years, however, several factors have combined to drive manufacturing investment to record levels.