Rockpool Investments backs EC Electronics
Rockpool Investments has provided funding to EC Electronics, a global provider of electronic manufacturing services for OEMs and product innovators.
The business manufactures high-quality electronics-based products and subassemblies to customers across various industries including internet of things, medical devices, electric vehicles, building controls and environmental monitoring.
The business is led by an experienced management team of Phil Simmonds (CEO), Bill Green (CTO), Lee Pope (COO), Greg Faughnan (CSO) and Lucian Tudor (Romania Director) who have delivered a period of strong, sustained growth and will lead a buy-and-build acquisition strategy. Tony Clarkson has joined the board as Non-Executive Chairman. Tony brings significant experience in private equity backed manufacturing companies and will support the team as the business enters its next phase of growth. Jez Quigg has also joined the business as CFO, bringing a wealth of experience working with global manufacturing businesses and private equity.
The funding will assist EC Electronics to continue its impressive growth journey through further bolt-on acquisitions, adding to the three acquisitions the Company has already completed in its history.
Guy Nieuwenhuys and Toby Hurdle led the investment for Rockpool.
We’re really excited about working alongside Rockpool on the next stage of our journey at EC. We are seeing huge opportunities in our key markets and have ambitious growth plans over the coming years. With Rockpool’s investment and support we will be actively seeking acquisitions to complement our organic growth and expect to be one of the biggest players in the European electronic manufacturing services market within the next two years.
Phil Simmonds, CEO at EC Electronics
EC Electronics represents an exciting opportunity for our investors to support a well-established and growing buy-and-build platform with a track record of successful acquisitions and a market-leading reputation for electronic manufacturing services. We are delighted to be working with Phil and the team to help support the business on its next phase of growth.
Guy Nieuwenhuys, Investment Manager at Rockpool
Rockpool was advised by Taylor Wessing (legal), RSM (financial and tax), Lincoln International (M&A), Continuum (organisational), RPL (commercial) and Claritas (tax structuring). EC Electronics was advised by Quantuma (M&A) and Penningtons Manches Cooper (legal).
For more details about investing with Rockpool, email team@rockpoolinvestments.co.uk.
Capital at risk and you may not get back what you invest. Past performance is not a reliable guide to future performance.
For more information on this investment click here.
