Lindsay Goldberg to acquire Creation Technologies, drive continued growth and award-winning customer solutions
VANCOUVER, BC and NEW YORK, NY; July 17, 2019 – Creation Technologies LP (“Creation”) and Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, today announced an agreement under which Lindsay Goldberg will acquire Creation, a global leader in creating transformative design and manufacturing solutions for original equipment manufacturers (OEMs), from Birch Hill Equity Partners and other equity holders.
Ashley Dafel, President and CEO, Creation, said, “This is an exciting moment for Creation, our team members and our customers. Lindsay Goldberg is a long‐term equity partner that is committed to our continued growth and success, and to building on the strong foundation we have developed over our 28 years of operations. We remain focused on delivering the best total solutions for our customers and their businesses in all the markets we serve.”
Michael Dees, Partner, Lindsay Goldberg, said, “We are excited to advance Creation’s industry leadership in the growing electronics manufacturing services market and to invest in a company with a strong customer value proposition, unique business model and attractive growth opportunities. We look forward to working in partnership with the Creation team to continue to grow the business over the long term.”
Founded in 1991, Creation employs approximately 3,000 people across the USA, Canada, Mexico and China. Creation provides its OEM customers across a wide range of industries with product development and engineering, rapid prototyping, design for supply chain, manufacturing, integration and fulfillment and logistics and after‐market services.
The transaction is to be completed by way of a plan of arrangement under the Business Corporations Act of British Columbia. Completion of the transaction is subject to a number of conditions, including court,
shareholder approvals, and applicable regulatory approvals.
About Lindsay Goldberg
Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Founded in 2001, Lindsay Goldberg’s relationship‐driven approach is centered upon a collaborative investment model and supported by its global network of affiliate partners. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.
About Creation Technologies
Creation (www.creationtech.com) provides total product lifecycle solutions including turnkey design, rapid prototyping, manufacturing and fulfillment to its customers around the world. Since 1991, Creation has been focused on making it easy for OEMs to ‘say yes’ to their customers.
The company of approximately 3,000 people operates nine manufacturing locations, two design centers and a rapid prototyping center in the USA, Canada, Mexico and China. Its OEM customers are in the Industrial & Instrumentation, Medical, Communications, Transportation, Aerospace, Defense & Security, and Energy & Environmental markets.