Austin, Texas, January 2021 — 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 Lor-Van Manufacturing, LLC, Inc. (“Lor-Van”). No financial terms were disclosed.
Founded in 2005 and headquartered in San Jose, California, Lor-Van is a rapidly expanding contract manufacturer that specializes in precision sheet metal and assembly services, as well as, high-value machining—serving their customers from prototype through high-volume production. The company primarily serves OEMs in the medical device, life sciences, semiconductor, industrial storage, and general industrial sectors. Lor-Van had a record year in 2020, which is a testament to their staying power considering some of the challenges many lower-middle market businesses faced.
This acquisition will further diversify the TCMG customer group, and significantly expand the group’s service offering into the manufacturing and assembly of sheet metal. In addition, the purchase of Lor-Van represents a continuation of TCMG’s mandate to become one of the leading American suppliers of turn-key manufacturing, fabrication, and assembly services over the next five years. The former owners of Lor-Van will continue to support the operations and provide meaningful leadership and guidance to Lor-Van and TCMG.
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, process control, 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.
Camwood is an investment firm headquartered in Austin, Texas whose focus is on partnering with high-quality, lower middle market industrial companies and providing 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.