Zentech Manufacturing acquires Colonial Assembly and Design
Zentech Manufacturing Inc., the mid-Atlantic region’s premiere provider of electronics contract manufacturing services, continues the execution of their growth strategy announcing the acquisition of Colonial Assembly & Design (CA&D).
Located in Fredericksburg, Va., Colonial Assembly & Design has a 30-year legacy of outstanding performance as a prime contractor for electronics systems design and manufacturing for the Department of Defense and in the commercial aviation sectors.
The acquisition provides tremendous synergy with Zentech’s established customer set in the DOD and military C4ISR (Command, Control, Computers, Communications, Intelligence, Surveillance, Reconnaissance) sectors while also providing enhanced engineering, product design, circuit design, machining, over-molded cable assembly and wire harnessing capabilities to the Zentech portfolio.
Matt Turpin, president and CEO of Zentech commented, “We are extremely excited by the synergies created by this acquisition as Colonial Assembly & Design’s customer set aligns well with our current customers and provides opportunities into new program activity within both the DOD and commercial aviation sectors. Colonial Assembly & Design has an outstanding core team of experienced, tenured and dedicated employees, and it is my pleasure to welcome them to the Zentech team. CA&D offers tremendous design engineering, manufacturing, test and complex cable assembly capabilities that, when combined with Zentech’s current capabilities, provide a complete solution across the entire electronics engineering and manufacturing requirements matrix”.
As previously announced, New Spring Mezzanine, the dedicated mezzanine fund of New Spring Capital, has provided a combination of mezzanine debt and equity financingto Zentech Manufacturing. The proceeds of the transaction are being used to provide capital for the future growth of the company.
For more information about Zentech Manufacturing visit www.zentech.com.