New Water Forms Emerald EMS

New Water buys lower middle-market companies with incomes in between $30 million and $300 million. Sectors of interest consist of consumer products and industrial manufacturing and services. The company was established in September 2014 and is based in Boca Raton, Florida.

New Water obtained DataED and Bestronics– 2 Tier III makers that provide high-mix, low/medium-volume printed circuit board assemblies and box develops– in November 2019.

New Water Capital has actually combined 2 of its portfolio business– DataED and Bestronics– to form Emerald EMS.

Now combined as Emerald EMS, the business provides contract manufacturing and assembly services to the industrial controls, semiconductor, utility infrastructure, aerospace/defense and medical sectors. The businesss services include style assistance and prototyping; assembly and production; supply chain management; item testing; and order satisfaction.

DataEDs production capability consists of a 75,000 square foot facility in Salem, New Hampshire and 2 making plants amounting to 85,000 square feet in Shenzhen, China. Bestronics operates a 145,000-square-foot manufacturing and box develop center in San Jose, California.

Vic Giglio, the president of DataED, will work as CEO of Emerald EMS; and Nat Mani, the CEO of Bestronics, will function as president of the new company.

” At New Water, we intend to invest and support in organisations with long-lasting worth propositions,” stated Brian McGee, a partner at New Water. “Emerald EMS is distinctively well-positioned, offering both worldwide scale and geographical flexibility, to support the wise electronic devices products that are progressively permeating almost every sector of the economy and our society.”

Private Equity Professional|July 1, 2020

agreement manufacturing and assembly services


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