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, 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.
Auxo Investment Partners has acquired Golden State Assembly Inc., a wire and cable assembly and harness manufacturer based in Fremont, Calif.
Grand Rapids-based private investment firm Auxo Investment Partners has acquired Securit Metal Products, a manufacturer of solid and semi-tubular rivets in Dowagiac on the west side of Michigan. Terms of the transaction were not disclosed. The addition of the 70-year-old manufacturer complements Auxo’s previous acquisition of Prestige Stamping in Warren, which produces custom-engineered washers and stampings for the fastener industry.
Private equity firm Auxo Investment Partners will add to its existing capabilities in the fastener space with the acquisition of a Michigan-based manufacturer of rivets. The Grand Rapids-based Auxo announced today that it has purchased Securit Metal Products Co., a 70-year-old company based in Dowagiac. The company manufactures both solid and tubular rivets that are used in industries such as automotive, heavy transportation, construction and agriculture. The deal is Auxo’s sixth within the state of Michigan and the company’s 14th overall.