A new acquisition boosts Auxo Investment Partners’ growing wire harness and cable manufacturing platform as industry demand continues to grow. The Grand Rapids-based private equity firm recently completed a deal that makes SOS Manufacturing Inc., a Wisconsin-based manufacturer and supplier of custom wire harnesses and cable assemblies, the fourth company in the platform. Terms of the deal were not disclosed.
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.
Auxo Investment Partners has acquired Golden State Assembly Inc., a wire and cable assembly and harness manufacturer based in Fremont, Calif.
Auxo Investment Partners’ acquisition of a West Michigan manufacturer has both in-state and national growth opportunities for the Grand Rapids private equity firm. Auxo’s deal for Cascade Township–based Tack Electronics Inc. represents more investment potential for the Michigan Opportunity Fund, a $100 million fund led by Auxo executives and several prominent figures in the state’s business community that aims to invest in and grow Michigan-based companies.
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.