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Micross Components Buys Premier Semi

Micross Components, a portfolio company of Insight Equity Holdings, has acquired nearly all the assets of Premier Semiconductor Services. Financial terms weren’t announced. Tempe, Ariz.-based Premier is a certified full-service semiconductor testing facility.

PRESS RELEASE

SOUTHLAKE, Texas and TEMPE, Arizona – August 5, 2013 – Insight Equity Holdings LLC (“Insight Equity”), the Southlake, Texas headquartered private equity firm, is proud to announce that its portfolio company Micross Components, Inc. (“Micross”) has acquired substantially all of the assets of Premier Semiconductor Services, LLC (“Premier”).  Headquartered in Tempe, Arizona, Premier is a certified full-service semiconductor testing facility that also provides one of the most comprehensive arrays of outsourced final manufacturing services in North America for commercial, military, and aerospace applications.  With four US-based facilities serving both the East Coast and West Coast, Premier combines technical expertise and state-of-the-art equipment to meet highly specified customer requirements with short lead times.  Premier’s “one-stop-shop” services include multi-platform IC electrical testing, lead-free and lead conversions (solder dip and BGA re-balling), IC programming, and IC counterfeit detection.
Alan Taylor, CEO of Micross, commented, “We are delighted with the acquisition of Premier Semiconductor Services.  Premier brings additional capacities and capabilities to Micross’ Products & Services division and furthers our strategic goal of providing the finest and most complete range of high-reliability and custom solutions available from any one source for the global marketplace.”
“We are very excited to be part of the Micross team and feel that Premier’s value-add solutions will nicely complement Micross’ existing offerings,” remarked Dave Loaney, CEO of Premier.
Dan Lenahan, a Vice President at Insight Equity, stated, “The addition of Premier’s capabilities further diversifies Micross’ product offerings and enhances our ability to serve as a unique strategic partner to our suppliers and customers.  We look forward to continuing to grow Micross both organically and through other potential acquisitions.”
Victor Vescovo, COO & Managing Partner at Insight Equity, noted, “The acquisition of Premier will assist Micross in becoming a superior provider of end-to-end high-reliability electronics solutions to customers around the globe.  We welcome the Premier team to the Insight Equity portfolio and are thrilled to have them as part of Micross.”
About Micross Components
Micross Components (www.micross.com) is a leading global provider of specialty electronic components for military, space, medical, and demanding industrial applications.  Operating as a single source for high-reliability and state-of-the-art electronics, Micross’ solutions range from bare die and wafer processing to advanced and custom packaging to component modifications and related interconnect offerings.  With a 30+ year heritage, Micross possesses the design, manufacturing, and logistics expertise needed to support an application from start to finish.  Micross is headquartered in Orlando, FL and has additional US and UK locations.

About Insight Equity
Insight Equity (www.insightequity.com) makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries.  Insight Equity specializes in partnering with companies in complex and challenging situations, including corporate divestitures, aggressive growth opportunities, restructurings, and transitions from private family ownership.  The firm leverages a proven, collaborative value creation model to facilitate operating enhancements and growth.  Insight Equity’s headquarters is located near the Dallas / Ft. Worth International Airport in Southlake, Texas.  The firm also has an office in New York City.