Secondary Buyout • Engineering

Crestview Partners Acquires Emerald Technologies

On January 4, 2022, private equity firm Crestview Partners acquired engineering company Emerald Technologies from New Water Capital

Acquisition Context
  • This is Crestview Partners’ 2nd transaction in the Engineering sector.
  • This is Crestview Partners’ 38th transaction in the United States.
  • This is Crestview Partners’ 6th transaction in California.

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M&A Deal Summary

Date January 4, 2022
Target Emerald Technologies
Sector Engineering
Buyer(s) Crestview Partners
Sellers(s) New Water Capital
Deal Type Secondary Buyout

Target Company

Emerald Technologies

San Jose, California, United States
Emerald Technologies is an electronics manufacturing services 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. Emerald Technologies is based in San Jose, California.
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Buyer Overview 1

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.


Deal Context for Buyer #
Overall 49 of 55
Sector: Engineering 2 of 2
Type: Secondary Buyout 12 of 13
State: California 6 of 8
Country: United States 38 of 44
Year: 2022 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 ICM Partners

Los Angeles, California, United States

ICM Partners is a talent and literary agency. ICM represents clients in the fields of motion pictures, television, music, publishing, live performance, branded entertainment, and new media. ICM Partners was established in 1975 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 CONVERGIX Automation Systems

Auburn Hills, Michigan, United States

CONVERGIX Automation Systems provides comprehensive products, technology and services that enhance productivity, optimize talent and resources and improve business outcomes. CONVERGIX Automation Systems was founded in 2022 and is based in Auburn Hills, Michigan.

Buy -

Seller Profile 1

SELLER

New Water Capital

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.


Deal Context for Seller #
Overall 4 of 11
Sector: Engineering 1 of 1
Type: Secondary Buyout 2 of 3
State: California 2 of 3
Country: United States 4 of 9
Year: 2022 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Nelson-Miller

Los Angeles, California, United States

Nelson-Miller designs manufacture, and sources customized membrane switches, graphic overlays, nameplates, rubber keypads, touchscreens, and other user-interface and product identification solutions. Nelson-Miller was formed in 2011 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Myotek Industries

Auburn, California, United States

Myotek Industries is a Tier 1 OEM Transportation LED Lighting Manufacturer that offers innovative products, competitive pricing and aggressive timing to market. Myotek Industries was founded in 1997 and is based in Auburn, California.

Sell -