Liberty Ridge Advisors Announces the Sale of AceCo Precision Manufacturing
SEATTLE, WA – December 11, 2019 – Liberty Ridge Advisors, LLC announced today that Trive Capital, a Dallas-based private equity firm, has acquired AceCo Precision Manufacturing (“AceCo”). Along with Trive’s existing portfolio company, NxEdge, AceCo will support a platform aimed at improving speed and quality in the semiconductor and display equipment supply chains.
Trive Capital manages over $2 billion in capital and focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.
“The AceCo acquisition shows our commitment to investing in the semiconductor supply chain,” said David Stinnet, partner at Trive Capital. “The combination of AceCo’s precision machining capabilities and NxEdge’s special processing expertise will create value for semiconductor and display OEMs by providing comprehensive life cycle management for a broad range of mission-critical components.”
Operating out of five facilities located in Boise, Idaho, AceCo specializes in the manufacturing and refurbishment of mission-critical components for both semiconductor and display equipment. The Company maintains roughly 80,000 square feet of manufacturing space and is underway with the construction of a new 90,000 square foot facility to support growth within AceCo’s primary customers and end-markets.
“AceCo is looking forward to partnering with Trive and NxEdge to execute on a vertical integration strategy that creates value for the entire supply chain,” said AceCo President, Sid Sullivan. “We share a belief in the strategic importance of investing in domestic manufacturing capacity to support a long-term vision for the semiconductor and display markets.”
For more information about this transaction, please contact the Liberty Ridge Advisors deal team:
Michael Bennett
Managing Partner
mbennett@libertyra.com
(206) 422-0102
Leif Johnson
Managing Partner
ljohnson@libertyra.com
(206) 683-3814
About Liberty Ridge Advisors
Liberty Ridge Advisors provides merger and acquisition advisory services for Pacific Northwest privately held businesses including capital transactions, mergers, acquisitions and recapitalizations. Liberty Ridge Advisors offers concentrated experience and expertise in key industries including food products, aerospace, building materials and construction, general manufacturing and distribution, wine, and business and financial services. For more information about Liberty Ridge Advisors please visit our website at www.libertyra.com.
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Contact: Michael Bennett, Managing Partner, Liberty Ridge Advisors, LLC
Email: mbennett@libertyra.com
Phone: (206) 422-0102