Upon closing, NxEdge will become part of Enpro’s Advanced Surface Technologies (AST) segment. Together, the combined business will deliver differentiated and integrated solutions with expanded customer relationships and a diverse geographic reach.
Situated at Boise, Idaho, NxEdge serves customers throughout the semiconductor supply chain, including global integrated device manufacturers (IDMs) and leading original equipment manufacturers (OEMs) from six facilities located in Idaho and California. With vertically integrated capabilities throughout the semiconductor value chain, including a strong aftermarket business, NxEdge is a leading supplier offering an integrated capability set with unique processes, resulting in a wide range of qualifications. with the best customers.
âWe are thrilled with the opportunity to join Enpro and bring together our highly complementary assets to unleash significant value,â said Jackson chao, founder and CEO of NxEdge. âOver the past few years, we have focused on providing technically differentiated and vertically integrated product solutions to our IDM and OEM semiconductor customers. position ourselves to support secular growth trends within our industry.With Enpro, we will be able to fully capitalize on these investments and accelerate our momentum to provide comprehensive and differentiated solutions to meet the needs of our customers throughout the world. global scale and offer expanded career opportunities to our colleagues. “
âOver the past five years, NxEdge has solved the complexities of the supply chain by transforming into a vertically integrated surface technology company focused on providing full lifecycle support,â commented David stinnett, partner at Trive. âNxEdge’s highly differentiated capabilities, talented management team, and significant investments (both organic and inorganic) will allow the company to continue to help customers deliver next-generation semiconductor technology. Trive greatly appreciated the partnership with management and is delighted to see the growth of the business under Enpro’s leadership.
Evercore advises Trive Capital on the sale of NxEdge, and Kirkland & Ellis LLP is acting as legal counsel. GCA Advisors acts as financial advisor to Enpro, and Robinson bradshaw serves as legal counsel.
Trive Capital is a Dallas, Texas private equity firm based with around $ 3.6 billion in assets under management. Trive is focused on investing in equity and debt in what it sees as strategically viable middle market companies with potential for transformation through operational improvement. We seek to maximize returns through a practical partnership that calls for the identification and implementation of value creation ideas.
The Trive team is made up of seasoned investment professionals who have been involved in over 100 middle market transactions representing over $ 6 billion of revenues in the sectors and industry situations targeted by Trive.
SOURCE Trive Capital