Hermetic Solutions Group Acquires FilConn
TREVOSE, PA – September 23, 2021 – Hermetic Solutions Group (“HSG” or the “Company”), a global provider of highly engineered performance and protection solutions for mission-critical microelectronics, is pleased to announce that it has acquired FilConn, an industry leading manufacturer of precision high reliability connectors. The terms of the deal were not disclosed.
FilConn Inc. was established in 2003 and specializes in precision high-reliability filtered, EMP suppression, and custom configured connectors for the mil-aero, medical, transit and oil/gas industry. Their specialties include custom product development, hands on technical customer support, and quick turn manufacturing. FilConn’s offices and manufacturing facility are located in Chandler, Arizona. More information may be found at www.filconn.com.
“We are very excited to welcome FilConn to HSG as part of our newly formed Specialty Interconnect Solutions platform,” said Keith Barclay, President and CEO of HSG. “As an industry leader in highly engineered connector solutions for mission-critical applications, coupled with an unwavering commitment to exceed customers’ expectations, FilConn is a natural fit with HSG’s mission and values. We look forward to working together as the FilConn team continues to create value with innovative connector solutions for their customers.”
“We believe this combination will benefit PEI’s customers with an expanded complementary product portfolio,” said Peter Austin, Executive Vice President and Chief Operating Officer of PEI-Genesis. “PEI will continue to serve as the trusted value-add distributor for FilConn and all major connector brands. HSG and its affiliated companies will provide FilConn’s customers with additional high-reliability products focused on mission-critical environments.”
“FilConn is a strategic addition to HSG’s interconnect solutions offering and representative of the type of unique, differentiated and well-positioned franchise we seek to acquire,” added Craig Majernik, Managing Director at Windjammer Capital, which acquired HSG in February 2019. “Our M&A strategy is focused on expanding HSG’s suite of highly engineered components, microelectronic packages, interconnect and thermal management solutions designed to protect, preserve and enhance signal generation and transmission, in turn ensuring that mission-critical electronic systems function without failure in extreme operating environments.”
For additional details, please contact Jennifer Whittemore at firstname.lastname@example.org.
ABOUT HERMETIC SOLUTIONS GROUP
Hermetic Solutions Group is the premier global supplier of specialty interconnects, hermetic packaging, and engineered components and services. Comprised of industry leading brands - Hi-Rel Group, Cristek Interconnects, Inc., FilConn, Litron, PA&E, and Sinclair Manufacturing, we offer a comprehensive solution for hermetic packages, specialty connectors, cable assemblies, headers, lids, windows, thermal management materials, vacuum products, preforms, and laser systems and services. We make our customers’ lives easier by providing them every solution needed to enable and protect sensitive electronics in critical applications and harsh environments. And while our customers are at the center of everything we do, we recognize that it is our employees that make it all happen, and we are proud of that fact. With over 900 employees located in eleven facilities across three countries, we like to say that we are unconventional, thoughtful, and always willing to go the extra mile – not only for our customers but for our employees too. Learn more at HermeticSolutions.com.
ABOUT WINDJAMMER CAPITAL
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and since inception has completed over 50 platform acquisitions and more than 100 strategic add‐ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.