Windjammer Capital (“Windjammer”) is pleased to announce that its portfolio company Hermetic Solutions Group (“HSG” or the “Company”) has acquired Cristek Interconnects, Inc. (“Cristek”), a leading manufacturer of specialty interconnect products and assemblies for the defense and aerospace industries. The terms of the transaction were not disclosed.
Founded in 1985, Cristek is one of only a handful of interconnect suppliers with expertise in DC through 67 GHz RF frequency connector, cable and electromechanical design and assembly. Cristek’s expertise in nano-miniature and micro-miniature connector technology also makes it the company of choice for standard applications as well as custom solutions for high-density, high-reliability interconnects in both rectangular and circular configurations. Adding EMI filtering and hermetic sealing to its connectors while designing and manufacturing application-specific connectors and next-level assemblies for ultra-high-speed, matched impedance requirements puts Cristek in a class by itself when it comes to solving mission-critical challenges.
“We are very excited to welcome Cristek Interconnects into the HSG family,” said Keith Barclay, President and CEO of Hermetic Solutions Group. “With shared customer centric values and a highly engineered product offering, Cristek is complementary to our engineered component and microelectronic packaging solutions. As a market leader in the design and manufacture of mission-critical interconnect products, we are thrilled that Cristek is the cornerstone acquisition of HSG’s new Specialty Interconnect Solutions platform. We look forward to working with the Cristek team as we continue to create new ways to better serve our collective customer base.”
Cristi Cristich, Founder and President of Cristek, remarked: “Joining with HSG ensures Cristek is well positioned to deliver the products, performance and personalized support that our customers rely upon. I want to thank Keith Barclay and the team at Windjammer for their embrace of Cristek’s team members, who remain integral to our continued success. I look forward to working with the team of professionals at HSG to further increase our collective value proposition as well as develop our new interconnect platform.”
“Specialty Interconnect Solutions is a logical and strategic extension of HSG’s current product offering and value proposition,” added Craig Majernik, Managing Director at Windjammer Capital, which acquired the Company in February 2019. “The addition of Cristek greatly expands HSG’s addressable market while retaining its core identity as a provider of critical, performance-enabling components, assemblies and engineered solutions that support signal transfer, preservation and performance in harsh environments. Ensuring mission critical electronic systems function reliably under the most demanding operating conditions is, and will continue to be, the driving force behind HSG’s organic and M&A growth strategy.”
For more information on HSG please visit its website at www.hermeticsolutions.com.
Regarding the transaction please contact Craig Majernik (cmajernik@windjammercapital.com) or Greg Bondick (gbondick@windjammercapital.com) at Windjammer with any questions.
About Windjammer
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle-market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and since inception has completed over 50 platform investments and more than 100 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.