CAMWOOD CAPITAL GROUP PORTFOLIO COMPANYACQUIRES UNITECH TOOL & MACHINE, INC.
Austin, Texas, April2022 — Texas Contract Manufacturing Group, Inc. (“TCMG”), a portfolio company of Camwood Capital Group (“Camwood”), is pleased to announce it has acquired the business interests of Unitech Tool & Machine, Inc, (“Unitech”). No financial terms were disclosed. Star Mountain Capital provided the senior debt to for the Unitech acquisition and to support future growth for TCMG.
Founded in 1995 by Ramin Lak, and headquartered in Santa Clara, California, Unitech Tool and Machine (“Unitech”) is an industry leading contract manufacturer with a niche in highly-engineered, complex machining of component parts for the semiconductor industry—specifically copy-exact parts used in the machine tools that manufacture semiconductors. The company has experienced consistent growth over the last several years.
This acquisition will further diversify the TCMG customer group, and significantly expand the group’s service offering for the rapidly evolving semiconductor industry. The acquisition is a continuation of TCMG’s mandate to become one of the leading American suppliers of turn-key contract manufacturing, fabrication, and assembly services over the next five years.
James Mayfield, Senior Managing Director at Camwood, said, “We are thrilled to take the baton from the Lak family who have built an exceptional business, and together with the TCMG management team take the company to its next phase of growth.” The former owners of Unitech will continue to support operations as well as business development, and provide meaningful leadership and guidance to both Unitech and TCMG.
TCMG CORPORATE PROFILE
Based in Austin, Texas, TCMG is a privately-held group of leading precision manufacturing companies throughout the United States. Through its subsidiaries, TCMG maintains a collaborative focus on turnkey manufacturing, fabrication, assembly, and repair services for high-value, high-complexity, precision-machined, specialty components. The TCMG family currently has a strategic niche as a one-stop supplier in the aerospace, defense, medical device, process control, space and satellite, semiconductor, and transportation sectors. The group continues to organically grow the existing companies, as well as expand through focused acquisitions. For further information about TCMG, please visit: www.tcmgco.com.
ABOUT CAMWOOD CAPITAL GROUP
Camwood is an investment firm headquartered in Austin, Texas whose focus is on partnering with high-quality, lower middle market industrial companies and leading them through strategic growth initiatives. As a team of investor-operators with significant operational expertise, the firm specializes in creating and structuring flexible transaction options and exit opportunities for founder or family-owned companies with revenues between $5mm and $50mm. For more information about Camwood, please visit: www.thecamwoodgroup.com.
ABOUT STAR MOUNTAIN CAPITAL
Star Mountain Capital is a specialized asset management firm based in New York, New York, with ~$3 billion of assets under management. As a 100% employee-owned firm, Star Mountain takes a data-driven approach to investing into North American lower middle-market businesses that generally have at least $15 million in annual revenues. Star Mountain’s team and Collaborative Ecosystem® provide distinctive value to lower middle-market businesses as a flexible capital solution partner. Star Mountain is dedicated to this large market of underserved businesses purpose-built to address the challenges and opportunities of these companies. For more information, visit starmountaincapital.com.