BlackBern Partners has acquired Zentech Manufacturing, an electronics contract manufacturer. No financial terms were disclosed.
BALTIMORE AND FREDERICKSBURG, VA. (PRWEB) MAY 13, 2019
Zentech Manufacturing, Inc. announced today that it has been acquired by BlackBern Partners LLC in partnership with Zentech Management and incoming CEO Steve Pudles.
Mr. Pudles has a thirty-year track record building EMS businesses with industry-leading technology, process, quality and customer service. He is a twenty-year member and past chairman of the Board of Directors of the IPC (Association Connecting Electronics Industries).
Outgoing Zentech CEO and President, Matt Turpin, remains with Zentech as an advisor and investor. All members of the senior management team will remain with Zentech post acquisition.
Steve Pudles commented, “Matt has built Zentech into an outstanding supplier within the aerospace, defense, medical and high reliability markets. I have always enjoyed meeting with Matt at IPC events and look forward to his counsel as I begin my CEO tenure at Zentech. I am excited to work with this team to sustain and extend Zentech’s delivery of uncompromising quality product.”
Jonathan Bernstein, Partner at BlackBern added, “the loyalty of their impressive customer list affirms this very talented leadership team and the differentiated model they employ. We look forward to partnering with Steve to invest in furthering this model in the current facilities and through strategic acquisitions.”
About BlackBern Partners:
BlackBern Partners LLC is a New York City based private equity firm that acquires high-performing businesses in the middle market. BlackBern partners with management teams that have a proven track record of success and provides capital to realize organic growth and acquisition opportunities.
Zentech Manufacturing, Inc. is an engineering-driven electronics contract manufacturer specializing in the design and manufacture of highly complex electronic and RF circuit cards and assemblies. The company is headquartered in its purpose-built facility located in Baltimore, MD, with subsidiary operations in Fredericksburg, VA. Zentech maintains several key certifications, including ISO 9001:2015, ITAR (US State Dept.), AS9100 (aerospace) and ISO 13485 (medical). In addition, Zentech is a certified IPC 610 Trusted Source supplier for Class 3 mission-critical electronics and the company is IPC J-STD-001 Space Addendum QML certified. Zentech supports many DoD programs and is NIST 800-171 compliant and an IPC 1791 Trusted Assembler.