Micross Components, a portfolio company of Insight Equity Holdings LLC, has bought Minco Technology Labs LLC. No financial terms were disclosed. Based in Austin, Texas, Minco is a provider of semiconductor solutions for the military, aerospace and other specialty markets.
Southlake, Texas (PRWEB) April 06, 2015
Insight Equity Holdings LLC (“Insight Equity”), the Southlake, Texas private equity firm, is pleased to announce that one of its portfolio companies, Micross Components (“Micross”), has acquired Minco Technology Labs LLC (“Minco”). Since 1981, Minco has provided hi-reliability, die processing and semiconductor packaging for military (MIL-SPEC), aerospace, energy, transportation and other harsh-environment markets.
Dan Davidson, Insight Equity Vice President, noted that “By combining the product portfolios of these two companies, Micross will serve its customers with a broader suite of solutions, services and support. Concurrently, Minco customers will now have access to Micross’ complementary portfolio of distributed products with a robust global network of world-class supply chain systems, partners, and practices. This is an exciting opportunity for both companies.”
Richard Kingdon, CEO of Micross Components, added: “Over the next several months, Minco’s operations will be consolidated into the Micross organization, where all necessary certifications and manufacturing capabilities are in place. We commit to ensure seamless and timely deliveries to all of Minco’s customers and to provide enhanced capabilities and performance into the future.”
About Insight Equity
Insight Equity (http://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.
About Micross Components
Micross Components (http://www.micross.com) is a leading global provider of distributed and 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 across both North America and Europe, Micross’ solutions range from bare die and wafer processing through advanced and custom packaging to leading edge component design and test. In October 2014, Micross acquired Silicon Turnkey Solutions (http://www.sts-usa.com) in Milpitas, California and in February 2015, Eltek Semiconductors Ltd (http://www.eltek-semi.com) in Dartmouth, England
About Minco Technology Labs
Minco (http://mincotech.com) is recognized as an industry leader in the design, manufacture, test and distribution of semiconductor solutions, primarily for the military, aerospace and other specialty markets. The company is based in Austin, Texas.