Crestview Acquires Emerald EMS
Emerald EMS is a Leading Solutions Provider to Blue-Chip Companies Across a Range of Industries
$900 Billion Global Electronics Manufacturing Services Industry Poised to Benefit from Strong Secular Tailwinds
Crestview Partners (“Crestview”), a leading private equity firm, announced today that it has completed the acquisition of Emerald EMS (“Emerald” or the “Company”) from New Water Capital (“New Water”). Crestview is investing alongside the existing management team led by CEO Vic Giglio, who will continue to lead the Company. Financial terms of the transaction were not disclosed.
Headquartered in Salem, NH, Emerald is an electronics manufacturing services (“EMS”) provider specializing in high-mix, low-volume engineering, design, prototyping, testing, assembly and lifecycle support services for blue-chip original equipment manufacturers across a range of end markets. The products manufactured by Emerald serve applications that require white glove service and the highest engineering, technical, quality and reliability standards given their mission-critical nature in industries with high costs of failure. The Company services customers in the semiconductor equipment, industrial controls, utility infrastructure, aerospace, defense and medical industries out of six facilities across the U.S. and one in China.
As a result of this transaction, Emerald’s Board of Directors is now comprised of Vic Giglio and Ron Menigoz from Emerald’s management team, Hartmut Liebel, a 20- plus year technology industry executive and former CEO of Sanmina, Crestview Operating Executive Jason Luo and Crestview’s Alex Rose, Bradford Williams and Ryan Roberts.
About Emerald EMS
Headquartered in Salem, NH, Emerald is an electronics manufacturing services provider specializing in high-mix, low-volume design, prototyping, testing, assembly and lifecycle support services (supply chain management, order fulfilment and reverse logistics) for OEM customers with a focus on high-density electronic assemblies, specifically printed circuit boards and box-builds/systems integrations. With engineering services and manufacturing facilities located domestically in California, Michigan and New Hampshire, and a facility in Shenzhen, China, Emerald EMS has the scale and service offering typically only available at the largest of EMS companies but with high-touch, white glove design, manufacturing and assembly customer service. For more information, please visit www.emeraldems.com.
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media and financial services. For more information, please visit www.crestview.com.