Deal Announcement March 2019
Austin, Texas, March, 2019—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 Apex Machining, Inc. (“Apex”). No financial terms were disclosed.
Founded in 1993, with headquarters in San Jose, California, Apex is a niche manufacturing company that provides high-precision machined metal components and assemblies. The Company has a long history serving Silicon Valley-based OEMs in the medical device, aerospace, and satellite sectors. Apex is a modern and high-tech manufacturer with fully-automated FMS pallet machines, which gives the Company the competitive advantage to run lights out, twenty-four hours a day—allowing for production runs at night and prototyping during the day. Apex adheres to the highest of QMS standards and is both ISO9001 and ISO 13485 certified.
The acquisition of Apex is a highly strategic advancement for Camwood, and represents a continuation of TCMG’s growth and operational transformation initiatives—especially in the medical sector. Camwood sees the significant growth opportunities for Apex, and both Camwood and Apex recognize the long-term value the Company brings as a bolt-on acquisition for the TCMG brand.
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 in the aerospace, defense, medical, process control, satellite, semi-conductor and transportation sectors. The group continues to organically grow the existing companies, as well as expansion through focused acquisitions. For further information about TCMG, please visit: www.tcmgco.com
Camwood is a buyout firm headquartered in Austin, Texas that focuses on the acquisition and management of high-quality, lower middle-market industrial companies. As a team of investor-operators, the firm primarily specializes in creating and structuring flexible transaction options and exit opportunities for privately-held companies that are founder or family-owned with revenues between $5mm and $50mm. For more information about Camwood, please visit: www.camwoodcapitalgroup.com