Micross Components, a portfolio company of Behrman Capital, has purchased the High-Reliability Discrete Diodes and Assemblies business of Semtech Corp., a supplier of semiconductors and advanced algorithms.
Micross is a provider of microelectronic components and services for high-reliability markets. Micross possesses the sourcing, packaging, assembly, engineering and logistics expertise to support applications throughout their entire program life cycles. The transaction expands and differentiates Micross’ high-reliability product manufacturing capabilities. Semtech Corp. is a supplier of analog and mixed-signal semiconductors and advanced algorithms for infrastructure, consumer and industrial equipment.
Behrman Capital invests in management buyouts, leveraged buildups and recapitalizations of businesses, and has raised $4.0 billion and is investing out of its sixth fund.
Vince Buffa, CEO of Micross, said, “We are delighted to partner with this team through the acquisition, to further expand Micross’ capabilities. With the addition of significant manufacturing capacity, we will be better positioned to produce an even wider range of high-quality products for our customers. Together, we plan to pursue a number of compelling opportunities to further realize our exciting growth prospects, all while upholding excellent quality and service to our customers.”