Spartronics, a portfolio company of One Equity Partners, a middle market private equity firm, has acquired Primus Technologies Corp. Spartronics is a provider of contract manufacturing and design services. The company’s products are used in the aerospace, healthcare and industrial end markets. Primus Technologies provides engineering, manufacturing and testing services of circuit card assemblies and box builds for original equipment manufacturers in the aerospace, defense, medical and complex industrial markets.
Paul Fraipont, president and CEO of Spartronics comments “This transaction reflects OEP’s ability to identify strategically important acquisitions that build scale and accelerate growth.”
OEP has pursued investment themes in the electronics manufacturing industry since 2017. In July 2020, the firm established Spartronics as a standalone business following its acquisition through a corporate carve-out from Sparton Corp., a defense supplier.