COMPASS GROUP EQUITY PARTNERS ANNOUNCES FORMATION OF COMPASS ELECTRONICS GROUP
ST. LOUIS, MO (September 12, 2018) – Compass Group Equity Partners (“Compass Group”), a private equity firm that specializes in acquiring and building lower-to-middle-market companies, today announced the formation of a new holding company: Compass Electronics Group (“CEG”). CEG is formed with the combination of existing portfolio companies, with the expectation of additional acquisitions in the near future. CEG’s strategic goal is to create the premier full-service partner for OEMs at any stage in the product lifecycle of their electronics devices.
“We’re excited to see CEG coming together as we envisioned when our efforts began a few years ago,” said John Huhn, Managing Partner of CGEP. “We’re equally proud to have assembled a high-quality, experienced leadership team to guide these businesses forward.”
The group of companies assembled by CEG currently consists of two companies: Logic PD, with facilities in Eden Prairie, Minnesota, and Ciudad Juárez, Mexico; and Manufactured Assemblies Corporation (MAC), with facilities in Dayton, Ohio, and Atlanta. These companies will provide customers a suite of capabilities that cover the entire product lifecycle, with specializations in connected device design and development, embedded products, electronics manufacturing, wire harness and cable assembly, custom kiosk and box builds, and logistics and support services. Bruce DeWitt, who was the CEO of Logic PD, will lead the new platform.
“CEG is combining the core elements of strong, established companies to offer an end-to-end solution that provides our customers reduced risk, decreased costs, and faster time-to-market in their development process,” said Bruce DeWitt, CEO of CEG. “Our diverse set of capabilities allows us to meet any and every kind of challenge our customers face in the development of their connected electronic products.”
Logic PD is a world-class electronics manufacturer, with additional offerings in design and engineering services and system on modules (SOMs). The connected product development company has more than 60 years of experience working with the most innovative commercial, industrial, medical device, aerospace, and defense companies in the world.
MAC was established in 1976 on the core strength of cable assemblies and wire harness production. Over the past 42 years, MAC has established a reputation as an industry leader that provides quality, service, and forward-thinking solutions in contract manufacturing, box build and custom kiosk assembly.