News

Grand Rapids private equity firm Auxo Investment Partners has acquired an Indiana-based manufacturer of braided lacing tapes, twines, cords and sleeving for the electrical, defense and aerospace markets. Breyden Products Inc. will operate under the Indianapolis-based Precision Products Group Inc., the parent company of Paramount Tube and Euclid Medical Products that Auxo acquired in 2020. Auxo co-founder and Managing Partner Jeff Helminski said Breyden Products’ portfolio will fit well with Paramount Tube, which makes spiral-wound and extruded tubular products that are part of the insulation used in electric motors.

The Best and Brightest Companies to Work For® competition identifies and honors companies that deliver exceptional human resource practices and an impressive commitment to their employees. Organizations are assessed based on categories such as communication, work-life balance, employee education, diversity, recognition, retention and more.

Auxo Investment Partners, a private investment firm headquartered in Grand Rapids, Michigan, has announced the acquisition of Golden State Assembly (GSA), a vertically integrated, complete lifecycle wire/cable assembly and harness manufacturer headquartered in Fremont, California, Cesar and Yesenia Madrueno—they founded the company in 2007—will retain a significant interest in the company and will remain in their roles at the company. GSA designs and assembles wire harnesses and cable assemblies for a variety of customers in the automotive, aerospace, industrial equipment, medical device, electronics, specialty vehicle, and energy industries. The company also provides value-add manufacturing services such as kitting, electromechanical assemblies, and outsourced quality control processes. It has an in-house machine shop and PCB assembly capabilities that allow it to deliver new projects quickly with high quality from the start.

Private investment firm Auxo Investment Partners has acquired Breyden Products, which will operate under the Precision Products Group (PPG) platform and brand. As PPG’s first acquisition under the ownership of Auxo, the deal advances Auxo and PPG’s plans to build a diversified platform of niche manufacturers with defensible market positions that unite ecofriendly solutions, mechanical strength, and material know-how under a collective focus on heat solvation, thermal control, and electrical insulation. The platform is seeking additive acquisitions with like-minded manufacturers focused in the electrical, defence, medical and consumer packaged goods sectors.

Grand Rapids-based Auxo Investment Partners said Friday, March 11, it acquired Fremont, California-based Golden State Assembly (GSA). Founded in 2007, GSA designs and assembles wire harnesses and cable assemblies for a variety of customers in the automotive, aerospace, industrial equipment, medical device, electronics, specialty vehicle and energy industries.