Micross Components Acquires Minco Technology Labs
Insight Equity Holdings LLC (“Insight Equity”), the Southlake, Texas private equity firm, is pleased to announce that one of its portfolio companies, Micross Components (“Micross”), has acquired Minco Technology Labs LLC (“Minco”).
Since 1981, Minco has provided hi-reliability, die processing and semiconductor packaging for military (MIL-SPEC), aerospace, energy, transportation and other harsh-environment markets.
Dan Davidson, Insight Equity Vice President, noted that “By combining the product portfolios of these two companies, Micross will serve its customers with a broader suite of solutions, services and support. Concurrently, Minco customers will now have access to Micross’ complementary portfolio of distributed products with a robust global network of world-class supply chain systems, partners, and practices. This is an exciting opportunity for both companies.”
Richard Kingdon, CEO of Micross Components, added: “Over the next several months, Minco’s operations will be consolidated into the Micross organization, where all necessary certifications and manufacturing capabilities are in place. We commit to ensure seamless and timely deliveries to all of Minco’s customers and to provide enhanced capabilities and performance into the future.”