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Emerald EMS Acquires Saline Lectronics, Veris Manufacturing
Thursday 03 December 2020

US-based Emerald Electronics Manufacturing Services has acquired US-based electronics manufacturing service providers Saline Lectronics Inc. and Veris Manufacturing, the company said.

Emerald Electronics Manufacturing Services is a New Water Capital portfolio company.

Both companies are manufacturers of high-mix, low- to medium-volume printed circuit board assemblies (PCBAs) and box builds for high-reliability end markets, including industrial controls, aerospace and defense, and medical.

Emerald EMS launched in July 2020 with the merger of two leading EMS companies, DataED, based in Salem, New Hampshire, and Bestronics, based in San Jose, California.

Both companies were recapitalized by New Water in November 2019 as part of a series of strategic investments in the EMS sector.

Founded in 2002 and headquartered in Saline, Michigan, Saline Lectronics Inc. is a full-service electronics solutions company with a 110,000-square-foot manufacturing facility providing engineering, printed circuit board assembly, testing, electro-mechanical box build, and direct fulfillment for complex, high-reliability electronic systems for the industrial controls, aerospace and defense, medical and oil end-markets.

Originally known as Quality Control Manufacturing, Veris Manufacturing was founded in 1987 by electrical engineer John Ivory, then purchased in 2001 by former CEO Bill McIlvene, who expanded the company from a "mom and pop" thru-hole shop to a world-class EMS provider.

Based in Brea, California, the company's 40,000-square-foot facility provides high-reliability manufacturing and engineering services focused on the aerospace and medical end-markets.

Day-to-day operations are expected to remain unchanged at both SLI and Veris, which will continue to operate under their existing brand names under the Emerald umbrella.

Emerald EMS has engineering services and manufacturing facilities located domestically in California, Michigan and New Hampshire, plus a low-cost solution in Shenzhen, China.

Emerald EMS is focused on the Service aspect of EMS and specializes in supporting customers requiring high mix, low- to medium-volume manufacturing for high-reliability markets such as Medical, Aerospace/Defense, Industrial Controls, Semiconductor and Utilities Infrastructure sectors.

New Water Capital L.P. is a private equity firm focused on lower-middle market companies in the consumer products and industrial manufacturing and services sectors, with revenues of USD 30m to USD 300m.
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Date Published: 03/12/2020

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