SlingShot Assembly, LLC Acquires Jade Electronics, Inc.
PRESS RELEASE
SlingShot Assembly, LLC Acquires Jade Electronics, Inc.
Thursday, August 1, 2019 (Denver, CO and Kenosha, WI) SlingShot Assembly is pleased to announce its second acquisition in two years. To continue its quest to provide industry-leading customer experience in the PCB Assembly sector, SlingShot has acquired the assets of Jade Electronics of Kenosha, WI. Jade’s assets, employees, and customers will be transferred to SlingShot’s nearby facility in Franksville, WI, which was acquired by SlingShot in 2018.
Jade’s founder and CEO, Jerry Phillips, will assist with the transition for up to one year. The integration is expected to be completed within 30 days. Financial terms of the transaction were not disclosed.
Founded in 1992, Jade has provided high-quality electronic assembly services to a variety of customers and markets for over 25 years. Jade has been ISO certified and an IPC member for many years and has exceptional expertise in aerospace and LED lighting.
SlingShot Assembly, established in 2016 by a team led by industry veteran Stuart McKeel, President, is changing how engineers and their companies think about prototype PCB projects. Tapping into the power of the industry’s best software and automated assembly equipment, SlingShot completes high quality, full turn-key PCB assemblies in as little as 72 hours. Customers can quote and order projects online in minutes or, if they prefer, work through a dedicated service and engineering team to quote and place orders. SlingShot’s engineering team runs each order through the industry’s leading Design for Assembly (DFA) software to address design issues pre-assembly, saving time and money and often eliminating entire prototype revisions. Visit www.slingshotassembly.com for more information.
GP Ventures served as financial advisor to SlingShot Assembly. GP Ventures is an M&A advisory services firm focused on the tech and electronics industries. For more information, please visit our website at www.gp-ventures.com or call Tom Kastner at 847-431-3993
