TREVOSE, Pa., Jan. 7, 2021 /PRNewswire-PRWeb/ -- Hermetic Solutions Group ("HSG" or the "Company"), a global provider of highly engineered performance and protection solutions for mission-critical microelectronics, is pleased to announce that it has acquired Cristek Interconnects, Inc. ("Cristek"), a leading manufacturer of specialty interconnect products and assemblies. The terms of the deal were not disclosed.
Founded in 1985, Cristek has earned the trust of its customers by combining solid interconnect design, manufacturing expertise and superior customer service. Delivering QPL and custom, mission-critical solutions to the defense/aerospace industry for over 35 years, Cristek is an award-winning organization, positioned as a strategic supplier to defense/aerospace prime contractors. By leveraging its core connector technologies – Micro & Nano Miniature, D-Subminiature, RF/Microwave and Filtered – Cristek's pedigree as a specialty connector and harness/cable assembly partner is well established.
"We are very excited to welcome Cristek into the HSG family," said Keith Barclay, President and CEO of Hermetic Solutions Group. "With shared customer centric values and a highly engineered product offering, Cristek is complementary to our engineered component and microelectronic packaging solutions. As a market leader in the design and manufacture of mission-critical interconnect products, we are thrilled that Cristek is the cornerstone acquisition of HSG's new Specialty Interconnect Solutions platform. We look forward to working with the Cristek team as we continue to create new ways to better serve our collective customer base."
Cristi Cristich, Founder and President of Cristek, remarked: "Joining with HSG ensures Cristek is well positioned to deliver the products, performance and personalized support that our Warfighter customers rely upon. I want to thank Keith Barclay and the team at Windjammer Capital for their embrace of Cristek's team members, each of whom remain integral to our continued success. I look forward to working with the team of professionals at HSG to further increase our collective value proposition as well as develop our new interconnect platform."
"Specialty Interconnect Solutions is a logical and strategic extension of HSG's current product offering and value proposition," added Craig Majernik, Managing Director at Windjammer Capital, which acquired the Company in February 2019. "The addition of Cristek greatly expands HSG's addressable market while retaining its core identity as a provider of critical, performance-enabling components, assemblies and engineered solutions that support signal transfer, preservation and performance in harsh environments. Ensuring mission critical electronic systems function reliably under the most demanding operating conditions is, and will continue to be, the driving force behind HSG's organic and M&A growth strategy."
For additional details, please contact Traci Schmidt at [email protected].
ABOUT HERMETIC SOLUTIONS GROUP
Hermetic Solutions Group is the premier global supplier of specialty interconnects, hermetic packaging, and engineered components and services. Comprised of industry leading brands - Hi-Rel Group, Cristek Interconnects, Inc., Litron, PA&E and Sinclair Manufacturing, we offer a comprehensive solution for hermetic packages, specialty connectors, cable assemblies, headers, lids, windows, thermal management materials, vacuum products, preforms and laser systems and services. We make our customers lives easier by providing them every solution needed to enable and protect sensitive electronics in critical applications and harsh environments. And while our customers are at the center of everything we do, we recognize that it is our employees that make it all happen and we are proud of that fact. With over 800 employees located in eleven facilities across three countries, we like to say that we are unconventional, thoughtful and always willing to go the extra mile – not only for our customers, but for our employees too.
ABOUT WINDJAMMER CAPITAL
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and since inception has completed over 50 platform acquisitions and more than 100 strategic add‐ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.
Media Contact
Traci Schmidt, Hermetic Solutions Group, +1 (818) 468-7244, [email protected]
SOURCE Hermetic Solutions Group
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