BALTIMORE -- EMS firm Zentech Manufacturing has raised $5.6 million to support future growth, the company told CIRCUITS ASSEMBLY.

Funding is being supplied by NewSpring Capital, a private equity group. In addition, Zentech has agreed to a new $7.7 million credit facility with Cole Taylor Bank.

In a related move, Zentech named Gregory Barger and Anne Vazquez of NewSpring Capital as directors.

Company president Matt Turpin told CIRCUITS ASSEMBLY the funds will be used to support growth, but contrary to previous reports the company does not have any acquisition targets in mind.

NewSpring has raised over $800 million to invest, according to reports. Access to that a fund with substantial capital is attractive in the event an acquisition presented itself, Turpin noted, while reiterating that none is under consideration at present.

Ed.: This story was updated at 8:30 pm.