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Inovar Inc., an Electronic Manufacturing Services (EMS) provider to leading aerospace, defense, medical and commercial original equipment manufacturers (OEM) companies, is pleased to announce its acquisition by Spartronics LLC.
Since 1998 Inovar has built a legacy of customer service excellence, providing a broad range of end-to-end electronic manufacturing services including test engineering, printed circuit board assembly (PCBA), system build integration and test, end product fulfillment and aftermarket services. Industry-leading OEMs are leveraging Inovar’s two state-of-the-art facilities in Logan, Utah and Tecate, Mexico, for a range of services.
Spartronics is a portfolio company of One Equity Partners and, with the acquisition of Inovar, will operate eight manufacturing plants within the United States, Mexico, and Vietnam, with approximately 1,700 dedicated employees and sales of more than $500M.
“Our incredible team has done a tremendous job in scaling Inovar over the years, and I thank the entire Inovar family for a job well done,” said Blake Kirby, Chairman and Founder. “With the acquisition of Inovar by Spartronics, it brings geographic synergy, a depth of resources and the ability to leverage our talented team across a larger enterprise, which will benefit both our companies and our customers.”
“With the acquisition of Inovar, we will strengthen our position within the same core vertical markets, including aerospace and defense,” said Paul Fraipont, President and CEO at Spartronics. “As well, Inovar’s attractive near-shore footprint in Tecate, Mexico, complements our unique and growing off-shore capability in Vietnam.”
Craig Rupp, Inovar CEO, added, “We are very excited to be joining Spartronics and giving the Inovar team and our customers a broader set of capabilities and a global footprint to grow our value proposition.”