HIG Capital (HIG), a global alternative investment firm with over USD43 billion of equity capital under management, has completed the acquisition of SMTC Corporation (SMTC).
Edward Smith, President and Chief Executive Officer of SMTC, says: “Over the past three years, SMTC has become a global leader among mid-size providers of end-to-end EMS by offering superior supply chain management and proactive services and solutions to an expanding base of customers. Partnering with HIG will enable us to accelerate our growth through continued investment in our customers, capabilities, and footprint.
“This investment provides SMTC Corporation with a long-term partner with an extensive track record of supporting its portfolio companies with operational expertise, technology, financial management and M&A experience. Together, we believe we can capitalise on strategic growth opportunities, while continuing to meet the needs of our customers by delivering high-quality, innovative solutions and services.”
Read more at Private Equity Wire
