TEXAS CONTRACT MANUFACTURING GROUP
Austin, Texas, August 2023 — an affiliate of Texas Contract Manufacturing Group, Inc. (“TCMG”), a portfolio company of Camwood Capital Group (“Camwood”), is pleased to announce it has acquired the business interests of Weiser Engineering, Inc. (“Weiser”). No financial terms were disclosed. State Financial Corporation provided the senior credit facility for the Weiser acquisition and to support working capital needs for the company going forward.
Founded in 1990 and headquartered in a 30,000 square foot facility west of Denver in Arvada, Colorado, Weiser is an industry leader in precision sheet metal fabrication, high-value machining, and assembly and welding services—serving their customers from prototype through high-volume production. The Company is IS0:9001 and AS9100 certified and primarily serves OEMs in the aerospace and defense, construction, medical device, commercial lighting, and general industrial sectors. The Company has experienced consistent growth over the last several years.
This acquisition is an important milestone for the group and will further diversifythe TCMG customer base, and significantly expand the group’s service offerings, and establishes a significant manufacturing footprint in the critical hub that is Denver. The acquisition is a continuation of TCMG’s mandate to become one of the leading American suppliers of turn-key, precision contract manufacturing, fabrication, and assembly services.
Matt Mayfield, Managing Director at Camwood, said, “We are incredibly excited to welcome former owner, Peter Weiser, and the talented Weiser team to the TCMG family and look forward to leveraging their capabilities as we build on our culture of best-in-class manufacturing services and take the Company to its next phase of scalable growth and continuing to support their blue-chip customer base. We are strong believers in the growth prospects of Weiser and this acquisition is a perfect complement to both our current and future business objectives.” The existing management team will remain in place, and former owner, Peter Weiser, will continue to support operations as well as business development, and provide meaningful leadership and guidance to both Weiser and the TCMG group at large going forward.
Based in Austin, Texas, TCMG is a privately held group of leading precision manufacturing companies throughout the United States. Through its subsidiaries, TCMG maintains a collaborative focus on turn key manufacturing, fabrication, assembly, and repair services for high-value, high-complexity, precision-machined, specialty components. The TCMG family currently has a strategic niche as a one-stop supplier in the aerospace/defense, medical device, power generation, space/satellite, and semiconductor sectors. The group continues to organically grow the existing companies, as well as expand through focused acquisitions. For further information about TCMG, please visit: www.tcmgco.com.
Camwood is a private investment firm headquartered in Austin, Texas whose focus is on partnering with high-quality, lower middle-market companies and leading them through strategic growth initiatives. As a team of investor-operators with significant operational expertise, the firm specializes in creating and structuring flexible transaction options and exit opportunities for founder or family-owned companies with revenues between $5mm and $50mm. For more information about Camwood, please visit: www.thecamwoodgroup.com.
