Creation Technologies, a portfolio company of Lindsay Goldberg, has acquired Applied Technical Services (ATS).
ATS is a provider of electronic manufacturing services (EMS) including design, printed circuit board assembly (PCBA), cabinet assembly, system integration, and testing. The Everett, Washington-based company was founded in 1984 and has about 500 employees with additional facilities in Totem Lake, Washington and Hermosillo, Mexico. ATS is owned and led by its CEO George Hamilton.
This add-on acquisition expands Creation’s capabilities in the aerospace & defense, medical, and tech industrial markets. It also adds locations in Washington State and Mexico that each offer three automated state-of-the-art surface-mount technology (SMT) lines as well as automated through-hole, in-circuit testing (ICT), flying probe testing, and functional test capabilities.
Creation Technologies is a provider of electronic manufacturing services including design, rapid prototyping, manufacturing, testing and fulfillment services to original equipment manufacturers in the aerospace and defense, medical, and technology industrial markets. The company, led by CEO Stephen DeFalco and headquartered near Vancouver in Burnaby, British Columbia, has approximately 2,700 employees and operates eight manufacturing locations, two design centers, and a rapid prototyping center located in the US, Canada, Mexico and China.
“We are investing to broaden our capabilities and reach with the addition of the ATS team, who share our values of providing exceptional customer service and outstanding quality,” said Mr. DeFalco. “We are delighted to welcome ATS’ talented employees and loyal customers to our Global team.”
Lindsay Goldberg manages $13 billion of equity capital and is focused on partnering with family-owned and entrepreneur‐led businesses seeking a partner to help actively build their businesses. The firm is based in New York City.
Lindsay Goldberg acquired Creation Technologies in July 2019 from Birch Hill Equity Partners.
Private Equity Professional | May 12, 2020