TEXAS CONTRACT MANUFACTURING GROUP
Austin, Texas, December 2023 — an affiliate of 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 Vista Industrial Products (“Vista”, “VIP”, or the “Company”). No financial terms were disclosed. State Financial Corporation provided the senior credit facility for the Vista acquisition and to support working capital needs forthe company going forward.
Founded in 1956 by Kurt Horst Ackermann, and headquartered approximately forty miles north of San Diego, the Company is a premier contract manufacturer serving the clean-tech (EV, solar), defense, medical device, semiconductor, and general industrial sectors. The Company’s core capabilities include CNC machining, sheet metal fabrication, prototyping, assembly and welding, and in-house finishing services. Vista is ISO:9001 certified and operates out of an approximately 70,000 square foot facility in Vista, California, with ample capacity for continued growth.
The partnership supports TCMG’s track record of investing in complementary family and/or founder led businesses in the highly fragmented precision manufacturing industry and further expand the geographic presence into southern California. The acquisition is a continuation of TCMG’s mandate to become one of the leading American suppliers of turn-key, precision contract manufacturing, fabrication, and assembly services.
Cody Ackermann, who will stay on as General Manager said, “As the third-generation owner of VIP, I am excited that my grandfather and father's legacies will continue through our acquisition by Camwood. I look forward to working with Matt, the Camwood team, and the other GMs of their companies to extend American manufacturing excellence into future generations.”
Matt Mayfield, Managing Director at Camwood said, “This courtship and now partnership has been many years in the making, and we look forward to building upon the foundation that the Ackermann family established over the last five decades. We believe that as part of our group, Vista will be exceptionally well positioned to even better support customers’ needs into the future and drive sales forward to better serve OEMs all over the globe. We look forward to working on post-close initiatives with the Vista team as we move forward in this next phase together. We would like to congratulate the Ackermann family and the Vista team in building the Company into what it is today.”
Based in Austin, Texas, TCMG is a privately held group of leading precision manufacturing companies located throughout the United States. Through its subsidiaries, TCMG maintains a collaborative focuson turn-key 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, power generation, space/satellite, and semiconductor 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 a private investment firm headquartered in Austin, Texas whose focus is on partnering with high-quality, lower middle-market 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.
