NEW YORK–(BUSINESS CABLE)– Oct 5, 2021–
Graycliff Allies LP announced today that it has actually finished an equity investment and recapitalization of CHawk Modern technology International (“CHawk”), a supplier of precision plastic and also steel parts as well as settings up for the semiconductor funding tools, aerospace, as well as medical device industries.Based in Hayward, CA and also
founded in 2005, CHawk supplies plastic and steel machining, fabrication, tidy space setting up, and also design services. The company’s core market is semiconductor capital devices, with an expanding visibility in aerospace, medical, as well as general commercial end markets. The company has centers in California, Arizona, Singapore, Malaysia, and China. Graycliff’s financial investment in CHawk follows its July 2021 acquisition of Gold Tech Industries, a supplier of steel completing and also layering solutions for comparable end markets. The businesses will be incorporated as a system for continued growth within semiconductor and corresponding markets.
“The CHawk team is thrilled to be partnering with Graycliff,” said Chase Zunino, CHawk’s Chief Executive Officer. “Graycliff’s experience and performance history for driving development, specifically within the semicap area, makes them a perfect companion for CHawk. We anticipate leveraging Graycliff’s resources to execute on our shared strategic goals.”
“CHawk’s capacities are really outstanding. The business’s dedication to quality and also service, integrated with its worldwide footprint, has developed CHawk as a trusted, scalable partner for its clients,” claimed Dan Rubin, Graycliff Operating Consultant as well as co-investor. “We look forward to working with Chase as well as his team through this following stage of growth.”
“The CHawk team has done an impressive work expanding the company and also we are excited to companion alongside Chase as well as his group,” said Battle each other Punhong, Graycliff Handling Partner. “We look forward to leveraging our previous experience in the semicap area in structure this new system for ongoing development.”
CHawk is the 5th investment in Graycliff’s 4th personal equity fund, Graycliff Private Equity Allies IV LP. The current fund is a continuation of the company’s technique of making equity investments in lower middle market business, with a concentrate on acquiring and/or partnering with creator and family-owned businesses in the production, business services, as well as value-added circulation sectors.About Graycliff Partners LP Graycliff Partners is
an investment firm focused on making lower middle market financial investments, typically in production, organization solutions and also value-added distribution organizations. Through dedicated equity and also credit report funds, Graycliff gives resources for purchases, management buyouts, recapitalizations, development as well as development. To find out more regarding Graycliff Allies check out www.graycliffpartners.com. View resource version on businesswire.com: https://www.businesswire.com/news/home/20211005005341/en/New Opportunities: Duke
Punhong([email protected], 212-300-2904); Ryan Supple([email protected], 212-300-2931) KEY PHRASE: New York City UNITED STATES NORTH AMERICA SECTOR SEARCH PHRASE: OTHER PRODUCTION TECHNOLOGY STEEL SEMICONDUCTOR MONEY FINANCIAL CHEMICALS/PLASTICS SPECIALIST SOLUTIONS AEROSPACE MANUFACTURING RESOURCE
: Graycliff Allies LP Copyright Company Cable 2021. CLUB: 10/05/2021 06:00 AM/DISC: 10/05/2021 06:02 AM http://www.businesswire.com/news/home/20211005005341/en Copyright Company Cord 2021.