SFW Capital Partners LP, a specialized private equity firm, has completed a majority recapitalization of Granite River Labs, a global provider of test and certification services and automated test solutions for digital connectivity and charging technologies. Co-founders Johnson Tan and Quintin Anderson will continue to lead the business and remain significant shareholders.
“GRL is a tremendous business with a significant growth opportunity, and we could not be more pleased to announce this new partnership,” said Ahmad Sheikh, Partner at SFW. “Led by a veteran team with an intense focus on quality and customer service excellence, GRL has a built a strong reputation for technical leadership and a loyal customer base. We are thrilled to bring the additional resources and expertise to help Quintin and Johnson achieve our shared vision for GRL’s future.”
“We are very excited to enter the next chapter of GRL’s growth with SFW as our strategic investment partner,” said Tan. “After deciding to bring on a partner to help us grow, we spoke with a wide variety of organizations, and SFW immediately stood out. They bring extensive sector knowledge, a deep understanding of our business and, most importantly, a long, successful history of supporting the development of founder-owned test services, automated test solutions and instrumentation businesses like ours.”
“We have enjoyed great success over the past decade and we’re confident that SFW’s extensive network and market expertise will enable us to accelerate our growth while maintaining the highest level of quality and innovation in the industry,” added Anderson. “Our customers face an extraordinary challenge as connectivity and charging technologies become faster, more complex and more difficult to test, and end users’ expectations constantly increase. With SFW’s support, we are well-positioned to not just keep pace, but to increase our market share through delivery of new, innovative solutions, enhanced technical capabilities, greater lab capacity, and an expanded global footprint.”
SFW has led investments in several leading, founder and family-owned businesses in the industrial and healthcare technology sectors, including Caron Products & Services, Essen Bioscience, Micromeritics and Filtec.