M&A Deals in North American PCB and EMS Sectors for 2025
Mergers and acquisitions activity in the EMS and PCB sectors in North America in 2025 was certainly slow compared to previous years as well as compared to expectations. When we started 2025, there was a feeling that with a deal-making president coming into office, it would be a positive factor. Baby Boomers were riding a... Read More →
GP Ventures advises Analog Technologies in their Sale to Tide Rock Holdings
GP Ventures is pleased to announce that their client, Analog Technologies, based in Burnsville, MN, was acquired by Tide Rock Holdings. Financial terms were not disclosed. Tide Rock, an unlevered buyout firm with a portfolio of economically resilient B2B businesses, announced the acquisition of Analog Technologies. The acquisition expands Tide Rock’s electronics manufacturing services (EMS)... Read More →
Can I Sell My Business Using AI?
Let’s ask AI (Microsoft Copilot) if you can use it to sell your business: “Absolutely. You can sell your business using AI, and it’s becoming a powerful strategy for entrepreneurs and owners looking to streamline the process.” Well, there you go. Easy-peasy. I guess I’ll join my former clients and retire now that AI can... Read More →
Former Owners Talk About Life After Selling
Congrats! You worked hard for years to grow a successful business, toiled through endless due diligence questions from 20-somethings, and suffered through 20 versions of redlined purchase agreements. Now you have sold your business and officially started your golden years. It’s time to tee off. What do most owners do after they sell their business?... Read More →
Entrepreneurship Through Acquisition Buyers for PCB/EMS Shops
A growing trend in the U.S. is the rise of Entrepreneurship Through Acquisition (ETA) buyers for every business under the sun. Just as private equity firms have been active in a wide range of industries, ETA buyers have picked up their interest in both PCB and EMS companies. An ETA buyer is one or... Read More →
The Power Shift in U.S. Manufacturing Ownership
by Nolan Johnson The U.S. manufacturing landscape is driven by reshoring initiatives, supply chain realignments, and a surge of foreign interest. What does that mean for U.S.-based PCB and EMS companies? In this interview, mergers and acquisitions expert Tom Kastner breaks down the forces reshaping the industry—why foreign investors are eager to enter the U.S.... Read More →
M&A North American PCB and EMS Deals for the First Half of 2025
As we entered 2025, the M&A deal world was prepared for a busy year in electronics, plus sentiment for the overall M&A market was bullish. We had “a deal guy” entering the White House, and he’d pledged to support U.S. manufacturing. All signals were green. However, to date, M&A deals this year are around the... Read More →
Characteristics of Successful Leaders in North American PCB and EMS Sectors
I have worked in M&A in the PCB and EMS sectors for over 20 years and have met dozens of owners in these sectors. It has not been an easy environment to survive and thrive in, yet some companies have done well. Here are some characteristics of our most successful leaders in the industry (names... Read More →
Your Financial Preparation for a Sale
When preparing for a sale, it’s important to clean up the financials as much as possible. The fewer questions and the less that needs to be explained, the easier it is to get through due diligence without slowing things down or creating mistrust. Here are the main things that are relatively easy to clean up:... Read More →
Fewer Than 150 PCB Shops Remain in North America
According to GP Ventures’ database, the number of printed circuit board manufacturing companies in North America (including Canada), is now below 150. In 2020, it was around 200, and in 2022, it was 170. These figures do not include companies that only import or assemble boards. Please note that we are counting PCB companies and... Read More →