Creation Technologies secures $65 million investment
Investment to accelerate manufacturer’s growth plans.
Vancouver, B.C. June 21, 2007 – Creation Technologies LP, a Global Top 50 Electronics Manufacturing Services (EMS) provider and expert in manufacturing complex electronics, today announced it has received a $65 million investment from Birch Hill Equity Partners. The proceeds will be used to meet the requirements of the company’s growing customer base, to fund its acquisition plans and to provide liquidity to employee and institutional shareholders. “We believe that Creation’s demonstrated track record of profitable growth and its unique business model make it an exceptional investment opportunity for us,” said Michael Mazan, a partner at Birch Hill Equity Partners. “We look forward to working with the outstanding leadership team at Creation as we help them to continue to grow their business both organically and through acquisitions.”
Birch Hill believes that Creation represents the best investment opportunity in the growing North American mid-tier EMS market given its strong value proposition to customers, unique business model, culture and core values, attractive acquisition opportunities and excellent financial performance.
“We are delighted with the Birch Hill investment and excited about the future of our company,” said Arthur Tymos, President & CEO of Creation Technologies. “Over the past five years, Creation Technologies has grown at twice the average rate of the overall EMS industry and we anticipate maintaining this rate of growth by supporting our current customers’ growth plans, winning new customers and increasing our emphasis on mergers and acquisitions. We believe that there are, and will continue to be, tremendous opportunities for us in the North American market place.”
About Creation Technologies LP
Creation Technologies is a global Top-50 electronic manufacturing service (EMS) provider. Creation provides high-mix, high-complexity start-to-finish manufacturing and supply chain solutions to companies in the Industrial Controls, Instrumentation, Medical, Communications, Transportation and Safety & Security industries. Creation operates seven manufacturing business units in British Columbia, Ontario, California, Texas and Wisconsin and employess 1,450 people.
About Birch Hill Equity Partners
Birch Hill Equity Partners Inc. invests in leading Canadian middle-market businesses. With $1.7 billion in capital under management and 23 partner companies, Birch Hill is the leader in longterm value creation in the Canadian mid-market. Its partner companies are well established and potential leaders in their industries who seek a financial and strategic ally to help them realize their full potential. The 23 member team at Birch Hill has many years of experience working together as active partners with top management teams in building long term value.
Birch Hill Equity Partners | 100 Wellington St. W., CP Tower Suite 2300, P.O. Box 22 | Toronto, ON M5K 1A1 | Tel: 416.775.3800 | Fax: 416.360.1688
For more information, please contact:
Deborah Gillies
Creation Technologies LP
(604) 453-3424
debbie.gillies@creationtech.com
Contact:
Pierre Schuurmans
COO
Birch Hill Equity Partners Management Inc.
416-775-3830
www.birchhillequity.com