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 NexLogic, a provider of printed circuit board (PCB) assembly services and microelectronics packaging.
NexLogic brings a complementary set of capabilities to enhance the Naprotek platform strategy, expands Naprotek’s capabilities into microelectronics packaging, and builds on its PCB assembly services for complex, critical applications.
This is Naprotek’s third acquisition in its strategy of building an electronics technology solutions company. Naprotek, along with the recently announced acquisition of SemiGen, is positioned to offer a unique mix of capabilities aligned with emerging technologies, increasing the value they deliver in partnership with their customers.
Founded in 1995, NexLogic provides electronics manufacturing services across key markets, including Defense, Medical, and Test and Instrumentation, and is uniquely positioned to support Automated Test Equipment and Semiconductor providers. Their electronics manufacturing capabilities include design and development of microelectronics packaging, surface mount technology, and higher-level assemblies with in-house automation, test, and inspection.