MINNEAPOLIS -- Logic PD says it will be business as usual following the EMS company's acquisition by a St. Louis-based private equity firm.

Compass Group Equity Partners paid an undisclosed amount to acquire 100% of the shares of Logic PD from CHB Capital Partners.

The acquisition will have no impact on the company’s operations and more than 300 employees, the firm said. Logic PD president and chief executive Bruce DeWitt will continue in his current leadership role under Compass Group ownership, as will the other members of Logic PD’s management team.

“We’re excited to be joining Compass Group, which will expand our capabilities and manufacturing footprint to include Dayton, Ohio, an aerospace manufacturing hub, and Atlanta, one of the fastest growing high-tech regions in the nation,” said DeWitt. “Logic PD and our unique EMS and design and engineering expertise fits in well within Compass Group’s portfolio of discrete and process manufacturing companies.”

Established as Micro Dynamics in 1960, Logic PD is provider of electronics manufacturing services, offering integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services. Logic PD is headquartered in Eden Prairie, Minn., and operates manufacturing facilities in Ciudad Juárez, Mexico.

“Logic PD brings not only size and scale to our electronics platform, but greatly enhances our ability to serve our customers,” said John Huhn, managing partner of Compass Group. “The addition of Logic PD will enable us to provide design and engineering expertise which will reduce the cost and shorten the time-to-market for new product launches, and adds near-shore manufacturing capabilities to the platform.”

In conjunction with the ownership change, Logic PD expects to continue upgrading their facilities and equipment over the next year. This includes new surface mount technology (SMT) equipment, which the company plans to install during the third quarter. New investments in Logic PD’s embedded products portfolio will also be accelerated in 2018.