Naprotek, a Portfolio Company of Edgewater Capital Partners, Acquires NexLogic
SAN JOSE, CA – January 13, 2022 – Naprotek, LLC, a leading provider of high-reliability, quick-turn electronics manufacturing, has completed the acquisition of NexLogic, Inc., a privately held company based in San Jose, California. The addition expands Naprotek’s capabilities into microelectronics packaging and printed circuit board assembly serving market demands for complex, critical applications.
Founded in 1995, NexLogic provides electronics manufacturing services across key markets, including Defense, Medical, and Test and Instrumentation, and is uniquely positioned to support Automated Test Equipment and Semiconductor providers. Their electronics manufacturing capabilities include design and development of microelectronic packaging, surface mount technology, and higher-level assemblies with in-house automation, test, and inspection.
“The combination of Naprotek and NexLogic, along with the recently announced acquisition of SemiGen, creates a unique mix of capabilities aligned with emerging technologies increasing the value we deliver in partnership with our customers. Our team is now positioned to provide comprehensive electronics technology solutions for high-reliability and complex applications. Naprotek’s sophisticated and rapid engineering change management process, commitment to quality, and personalized customer service are essential elements when time-to-market is critical.” said Daniel Everitt, President and CEO of Naprotek.
Naprotek, which was acquired by Edgewater Capital Partners in December 2020, is committed to growth with a focus on expanding services and solutions in the high value markets. “NexLogic brings a complementary set of capabilities to enhance the Naprotek platform strategy. We are thrilled to welcome the NexLogic team into Naprotek and the broader Edgewater family,” commented Chris Springer, Operating Partner at Edgewater Capital Partners.
“As the third acquisition in support of the Naprotek strategy of building an electronics technology solutions company, we are pleased to further expand Naprotek’s presence in Silicon Valley while adding additional capabilities in microelectronics packaging to support our existing customers,” remarked Pete Ostergard, Partner at Edgewater Capital.
Naprotek is an electronics technology solutions provider for high-reliability applications. Since 1995, Naprotek has delivered complex and custom solutions in the Defense, Space, Medical, and Semiconductor Capital Equipment markets and select applications in Test & Instrumentation and Advanced Technology. Capabilities include quick-turn printed circuit board assembly, prototyping, RF components, advanced microelectronics, system integration, and test services. Naprotek is committed to delivering customer value through engineering, supply chain management, and manufacturing support. For more information on Naprotek, visit www.naprotek.com.
About Edgewater Capital Partners
Headquartered in Cleveland, Ohio, Edgewater Capital Partners is a sector-focused private equity firm that invests in lower, middle-market performance materials businesses. Edgewater has extensive experience and expertise in niche manufacturing sectors, including specialty chemicals, life sciences, advanced materials, and engineered components. Twenty-plus years of industry-specific investing has allowed the firm to develop a deep understanding of the complex technologies, processes, and operations that these sectors share. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com.