Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce an add-on subordinated debt and equity co-investment alongside Naprotek, a portfolio company of Edgewater Capital Partners. Patriot’s investment supported Naprotek’s acquisition of SemiGen, a provider of products and services to the RF/Microwave community across markets including Defense, SATCOM, Space, and Advanced Communications.
The acquisition of SemiGen increases Naprotek’s capabilities to include advanced RF/Microwave products, assembly, and test services, and expands Naprotek’s reach across the United States. Naprotek is an electronic technology solutions company and a leading provider of quick turn PCBA, design for manufacturability, system integration, and testing services for high-reliability applications serving the Defense, Space, Medical, and Semi-Cap Equipment markets.
Founded in 2009, SemiGen is based in Londonderry, New Hampshire. SemiGen’s products include passive and active semiconductor components ranging from attenuators, capacitors, diodes, filters, and resistors to complex thin film circuits. Their manufacturing services span from RF/Microwave and PCB assembly to performance testing and in-house ion beam foundry.