FOR IMMEDIATE RELEASE
Greg Kelble, Marketing/Chief Administrative Officer
Greg.Kelble@Spartronics.com or 917-545-9773
Inovar Inc. Acquired by Spartronics LLC
The combined company having an expanded geographic presence and broader
manufacturing capabilities to service OEM customers
North Logan, UT, September 1, 2021 — Inovar Inc. an Electronic Manufacturing Services (EMS) provider to leading aerospace, defense, medical and commercial original equipment manufacturers (OEM) companies is pleased to announce the acquisition of the company by Spartronics LLC.
Since 1998 Inovar has built a legacy of customer service excellence, providing a broad range of end-to-end electronic manufacturing services including test engineering, printed circuit board assembly (PCBA), system build integration and test, end product fulfillment and aftermarket services. Industry leading OEMs are leveraging Inovar’s two state-of-the-art facilities in Logan, Utah and Tecate, Mexico, for a wide range of services.
Spartronics, a portfolio company of One Equity Partners and with the acquisition of Inovar will operate eight manufacturing plants within the U.S., Mexico, and Vietnam, with approximately 1,700 dedicated employees and sales of more than $500M.
“Our incredible team has done a tremendous job in scaling Inovar over the years, and I thank the entire Inovar family for a job well done”, said Blake Kirby, Chairman and Founder. “With the acquisition of Inovar by Spartronics it brings geographic synergy, a depth of resources and the ability to leverage our talented team across a larger enterprise, which will benefit both our companies and our customers.
With the acquisition of Inovar we will strengthen our position within the same core vertical markets, including aerospace and defense.” said Paul Fraipont, president and CEO at Spartronics. “As well Inovar’s attractive near-shore footprint in Tecate, Mexico, complements our unique and growing off-shore capability in Vietnam.”
Craig Rupp, Inovar CEO added, “We are very excited to be joining Spartronics and giving the Inovar team and our customers a broader set of capabilities and a global footprint to grow our value proposition.
To learn more about Spartronics, please visit: www.spartronics.com.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
Spartronics provides comprehensive contract manufacturing services, ranging from printed circuit board assembly (PCBA) and subsystem integration to full-box build (high-level assemblies). Additional services include engineering support such as manufacturing testing, supply chain management, sustaining engineering, and a suite of aftermarket services to support the full OEM product lifecycle. With over $500 million in revenue, approximately 1,700 dedicated employees, and manufacturing resources strategically located worldwide, our manufacturing network spans the United States, Mexico and Vietnam. Our engineering support is based in the United States and is available for product development, manufacturing readiness and ramp to production.