Edgewater Capital Partners Invests in Naprotek
Cleveland, OH and San Jose, CA, December 30, 2020 – Edgewater Capital Partners (“Edgewater Capital”) is pleased to announce that it has completed an investment in Naprotek, LLC (“Naprotek”).
Based in San Jose, CA, Naprotek is an electronic manufacturing services company and a leading provider of quick turn printed circuit board assembly (“PCBA”) services for high-reliability (“Hi-Rel”) applications. Naprotek has invested in the personnel, equipment, and systems necessary to support its customers and their mission-critical applications in the defense, space, medical, semiconductor, and specialty industrial markets.
“Few PCBA businesses are so consistent in their strategy as Naprotek. The company is unwavering in its focus on Hi-Rel applications that demand speed and complexity. We are excited to partner with the Naprotek team to expand capabilities in support of this strategy and build on its heritage of outstanding customer service and product quality,” commented Pete Ostergard, Partner at Edgewater Capital.
Chris Springer, Operating Partner at Edgewater Capital, added, “Naprotek’s service model is really unique in the electronics value chain. With an organization that is purpose-built for agility and technical complexity, it is no wonder that customers trust Naprotek with their Hi-Rel applications.”
“Naprotek is very pleased to partner with Edgewater Capital. With relevant industry experience, Edgewater Capital was quick to recognize the special attributes of Naprotek and the value that we bring to our customers. We remain committed to supporting our customers on their most challenging projects and look forward to expanding our capabilities and delivering even greater value in the future,” said Najat Badriyeh, Founder and Chief Executive Officer of Naprotek.
Edgewater retained Calfee, Halter & Griswold LLP as legal counsel, and FocalPoint Partners provided debt advisory services for the transaction.
About Edgewater Capital Partners
Edgewater Capital Partners, headquartered in Cleveland, Ohio, is a sector focused private equity firm investing in lower middle-market performance materials and services businesses. Edgewater has extensive experience and expertise in the specialty industrials, advanced materials, specialty chemicals, and life sciences sectors. Twenty years of industry-specific investing has enabled the firm to develop a deep understanding of the complexities and nuances common to these businesses. The Edgewater Difference is summarized by our three foundational pillars: deep sector expertise, Midwestern values and culture, and growth-enabling philosophy. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com or contact Pete Ostergard at postergard@edgewatercapital.com.
About Naprotek
Naprotek is an electronic manufacturing services company and a leading provider of quick turn PCBA, design for manufacturability, system integration, and testing services for high-reliability applications. Founded in 1995, Naprotek supports its customers from its headquarters in San Jose, CA. For more information on Naprotek, visit www.naprotek.com.