CLEVELAND – Edgewater Capital Partners has completed an investment in Naprotek, a San Jose-based electronics manufacturing services company.
No financial or other terms were disclosed.
Naprotek was founded in 1995 and provides quickturn PCB assembly, design for manufacturability, system integration, and testing services for the defense, space, medical, semiconductor and specialty industrial markets.
“Few PCBA businesses are so consistent in their strategy as Naprotek," said Pete Ostergard, partner, Edgewater Capital. "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.”
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, Naprotek.