Merger • Semiconductors

Emerald Technologies Acquires Bestronics

On June 30, 2020, Emerald Technologies acquired semiconductors company Bestronics from New Water Capital

Acquisition Context
  • This is Emerald Technologies’ 1st transaction in the Semiconductors sector.
  • This is Emerald Technologies’ 1st transaction in the United States.
  • This is Emerald Technologies’ 1st transaction in California.

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M&A Deal Summary

Date June 30, 2020
Target Bestronics
Sector Semiconductors
Buyer(s) Emerald Technologies
Sellers(s) New Water Capital
Deal Type Merger

Target Company

Bestronics

San Jose, California, United States
Bestronics, Inc. provides printed circuit board and box assembly services to a diverse base of OEMs in the industrial, medical, power and other markets. Bestronics, Inc. was founded in 1990 and is based in San Jose, California.
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Buyer Overview 1

Buyer

Emerald Technologies

San Jose, California, United States

Category Company
Sector Engineering
DESCRIPTION

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.


Deal Context for Buyer #
Overall 1 of 3
Sector: Semiconductors 1 of 1
Type: Merger 1 of 1
State: California 1 of 2
Country: United States 1 of 3
Year: 2020 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Veris Manufacturing

Brea, California, United States

Veris Manufacturing is a full-service electronics contract manufacturer with a very unique edge by supplying on time, on budget, and quality assemblies. Printed circuit boards are complex and, at times, tedious by nature. Veris Manufacturing was founded in 1978 and is based in Brea, California.

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 2 of 11
Sector: Semiconductors 1 of 1
Type: Merger 1 of 5
State: California 1 of 3
Country: United States 2 of 9
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Bestronics

San Jose, California, United States

Bestronics, Inc. provides printed circuit board and box assembly services to a diverse base of OEMs in the industrial, medical, power and other markets. Bestronics, Inc. was founded in 1990 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Custom Made Meals

Denver, Colorado, United States

Custom Made Meals is a manufacturer of fresh, oven-ready, value-added entrees and appetizers sold in more than 6,000 retail grocery locations nationwide. Custom Made Meals was established in 2009 and is based in Denver, Colorado.

Sell -