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SALE OF SALINE LECTRONICS

SALINE LECTRONICS, INC. HAS BEEN ACQUIRED BY EMERALD EMS, A PORTFOLIO COMPANY OF NEW WATER CAPITAL


Birmingham, Michigan – November 17, 2020 – Angle Advisors is pleased to announce that Saline Lectronics, Inc. (“SLI” or the “Company”) has been acquired by Emerald EMS (“Emerald”), a portfolio company of New Water Capital. Angle Advisors acted as the exclusive investment banking advisor to Saline Lectronics, Inc. in completing this transaction.

Founded in 2002 and headquartered in Saline, Michigan, SLI is a full-service electronics solutions company providing engineering, printed circuit board assembly, testing, electro-mechanical box build, and direct fulfillment for complex, high-reliability electronic systems. SLI serves multi-billion-dollar OEM customers in demanding industries including medical, military, and high-end industrial.


SLI will bring a complementary customer base and further engineering resources to the Emerald platform and add a strong midwestern operation to Emerald’s existing U.S. locations in Boston, San Jose, and Los Angeles, along with international facilities in Shenzhen, China.

SLI President and CEO, Mario Sciberras, commented, “Emerald EMS is the ideal partner for us as they enable us to strengthen services to our customers and create new opportunities for our employees, while we bring new capabilities and geography to the Emerald family of companies.”

“We are excited to add the SLI team to Emerald EMS and continue to see tremendous opportunity in providing high quality, localized electronics manufacturing services and capabilities in key North American markets,” said Brian McGee, Partner at New Water Capital. “At New Water, we aim to support and invest in businesses with enduring value propositions. SLI is exemplary of this investment strategy, with a highly focused customer service model based on technical excellence, flexibility, and outstanding quality. The addition of SLI will allow us to further leverage our combined manufacturing capabilities across North America and Asia.”

Sciberras added, “The shareholders would like to thank the team at Angle Advisors. They did an outstanding job of differentiating our business and helping to find the right partner to achieve our goals. Their deep knowledge and relationships in the electronics industry, along with their transaction expertise, proved critical to making this a highly successful transaction.”


About Emerald EMS

Emerald EMS is a high-tech contract manufacturing and design firm with global, cost-effective and high value manufacturing solutions servicing high-reliability end users in the Aerospace/Defense, Industrial Controls, Medical, Power & Infrastructure, Semiconductor and Telecommunications sectors. Emerald EMS is headquartered in Salem, New Hampshire. For additional information, please visit www.emeraldems.com.

About New Water Capital

New Water Capital L.P. is a private equity firm focused on lower-middle market companies in the consumer, retail and industrial manufacturing and services sectors, with revenues of $30 million to $300 million. New Water Capital’s collaborative transaction and operating model is built specifically to support companies in transition, building on their unique cultures and strengths. For additional information, please visit www.newwatercap.com.

About Angle Advisors

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial sectors. The firm’s professionals have completed 225 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.

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