Rockpool Investments Backs EC Electronics
Rockpool Investments has provided funding to EC Electronics: a global provider of electronic manufacturing services for OEMs and product innovators.
EC Electronics manufactures high-quality electronics-based products and sub-assemblies for customers across various industries, including IoTconnected devices, medical devices, electric vehicles, building controls and environmental monitoring solutions. The organisation is led by an experienced management team. Phil Simmonds (CEO), Bill Green (CTO), Lee Pope (COO), Greg Faughnan (CSO) and Lucian Tudor (Romania Director) have delivered a period of strong, sustained growth and will lead a buy-and-build acquisition strategy. Tony Clarkson has joined the board as non-executive chairman. He brings significant experience in private equitybacked manufacturing companies and will support the team as the business enters its next growth phase. Jez Quigg has also joined the business as CFO, bringing a wealth of experience working with global manufacturing businesses and private equity.
Rockpool’s funding will assist EC Electronics in continuing its impressive growth journey through further bolt-on acquisitions. The manufacturer is committed to sustaining organic worldwide development, and this new financial backing will help achieve this. Phil Simmonds, CEO at EC Electronics, said: ‘The team is really excited about working alongside Rockpool on the next stage of our journey. We are seeing huge opportunities in our key markets and have ambitious growth plans over the coming years. With Rockpool’s investment and support, we will be actively seeking acquisitions to complement our organic growth and expect to be one of the biggest players in the European electronic manufacturing services market within the next two years’.
Toby Hurdle and Guy Nieuwenhuys led the investment for Rockpool. Investment Manager Guy Nieuwenhuys commented: ‘EC Electronics represents an exciting opportunity for our investors to support a well-established and growing buy-and-build platform with a track record of successful acquisitions and a market-leading reputation for electronic manufacturing services. We are delighted to be working with Phil and the team to help support the business in its next phase of growth’. Rockpool was advised by Taylor Wessing (legal), RSM (financial and tax), Lincoln International (M&A), Continuum (organisational), RPL (commercial) and Claritas (tax structuring). EC Electronics was advised by Quantuma (M&A) and Penningtons Manches Cooper (legal).