PE-backed NxEdge buys Morgan Hill facility assets

NxEdge Inc, a portfolio company of Trive Capital, has acquired the assets of Flex’s Morgan Hill facility. No financial terms were disclosed. Based in Morgan Hill, California, the facility provides machining and assembly solutions for the semiconductor tool market.


Trive Capital (“Trive”), the Dallas-based private equity firm, is pleased to announce that its portfolio company, NxEdge, Inc. (“NxEdge”), has acquired the assets of Flex’s Morgan Hill facility (“Morgan Hill”). Based in Morgan Hill, CA, the facility provides machining and assembly capabilities to the semiconductor tool market, often as the prime supplier in the tool and component supply chain. Morgan Hill complements NxEdge’s existing product offering which includes custom machining, anodizing & plating, coating, cleaning and assembly services to equipment manufacturers (OEMs), and OEM-quality refurbishment services to IDMs & Foundries.

“The addition of Morgan Hill to the NxEdge platform will allow our companies to better serve the needs of our customers throughout the broader supply chain. Morgan Hill provides NxEdge with an integrated offering to its customers aimed at reducing cycle time and providing a single point of accountability within an otherwise fragmented supply chain. Trive’s commitment to our strategic vision and investment of additional capital to expand capacity and enhance service capabilities will provide the resources we need to execute on our strategy,” commented Jackson Chao, President and CEO of NxEdge.

David Stinnett, Partner at Trive Capital, shared, “The Morgan Hill transaction is an example of Trive’s ability to execute on a complex, corporate carve-out and operationally resource a facility like Morgan Hill to capitalize on its potential. The transaction adds a critical element to our strategic positioning within the semiconductor tool supply chain and we look forward to partnering with the NxEdge team on realizing value through a shared commitment to safety, quality and best-in-class customer service and delivery.”

Headquartered in Boise, ID, NxEdge provides vertically integrated solutions to the semiconductor market. As an advanced equipment components supplier, NxEdge offers custom solutions including machining, anodizing & plating, advanced engineering coatings, fluoropolymer coatings, cleanings and assembly.

About Trive
Trive Capital is a Dallas, Texas-based private equity firm investing in equity and debt securities with approximately $900 million in capital under management. Trive focuses on investing in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. Trive seeks to maximize total returns to its investors through a hands-on, collaborative partnership with management teams and equity partners.