AceCo Precision Manufacturing Receives Applied Materials 2019 Supplier Excellence Award
Boise, Idaho, USA
AceCo Precision Manufacturing has been recognized with a 2019 Supplier Excellence Award by Applied Materials, Inc., the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world.
AceCo received the award in the category of Excellence in Innovation and New Product Support. By consistently meeting or exceeding performance standards over the past year, AceCo has played a key role in helping Applied achieve technical and operational excellence and deliver industry-leading products to customers.
“We at AceCo are honored to receive this award. It represents the commitment of all our employees to serving our customers and helping them to meet their research and development objectives,” said Sid Sullivan, President of AceCo.
“Delivering innovative products that accelerate our customers’ technology roadmaps requires a supply chain that can perform at the highest levels,” said Gino Addiego, senior vice president of Engineering, Operations and Quality at Applied Materials. “I congratulate and thank all our 2019 Supplier Excellence Award recipients for their outstanding contributions to our business.”
About AceCo Precision Manufacturing
AceCo Precision Manufacturing is a leader in the engineering and process development of machined components used in the manufacturing of semiconductor chips and flat panel displays. This, coupled with its repair and refurbishment offerings of electro-mechanical equipment, AceCo’s solutions enable its customers to solve the critical challenges they face. AceCo is located in Boise, Idaho, USA, and employs 155+ employees. Learn more at www.acecoprecision.com.
Sid Sullivan, President
Trive Capital Expands Semiconductor Strategy with Acquisition of AceCo
DALLAS, Texas and BOISE, Idaho
Trive Capital (“Trive”), the Dallas-based private equity firm, is excited to announce the recent acquisition of AceCo Precision Manufacturing (“AceCo” or the “Company”). Along with Trive’s existing portfolio company, NxEdge, AceCo will support a platform aimed at improving speed and quality in the semiconductor and display equipment supply chains. The platform will be led by Jackson Chao (NxEdge President) as Chief Executive Officer, Sid Sullivan (AceCo President) as Executive Vice President, and Bill Moynihan (AceCo EVP) as Vice President. Together, Jackson, Sid and Bill will opportunistically deploy the resources of both NxEdge and AceCo to reduce lead time and support quality for their customers.
Operating out of five facilities located in Boise, Idaho, AceCo specializes in the manufacturing and refurbishment of mission-critical components for both semiconductor and display equipment. The Company maintains roughly 80,000 square feet of manufacturing space and is underway with the construction of a new 90,000 square foot facility to support growth within AceCo’s primary customers and end-markets.
Sid Sullivan, President of AceCo, stated, “AceCo is looking forward to partnering with Trive and NxEdge to execute on a vertical integration strategy that creates value for the entire supply chain. We share a belief in the strategic importance of investing in domestic manufacturing capacity to support a long-term vision for the semiconductor and display markets.”
“When we became an ESOP in 2011, we challenged our employees to grow AceCo to fulfill our customers’ needs, and I am proud to say we are achieving that goal,” remarked Bill Moynihan, Executive Vice President of AceCo. “With Trive’s backing, we now have a unique opportunity to provide even better service to our customers, and we are excited about what the future holds.”
“We are greatly impressed by what the AceCo management team and employees have accomplished in growing their business,” said Jackson Chao, Chief Executive Officer of NxEdge. “Our customers value vertical integration in their supply chains, so the partnership between AceCo and NxEdge represents a meaningful step towards an improved customer experience.”
Partner at Trive Capital, added, “The AceCo acquisition shows our commitment to investing in the semiconductor supply chain. The combination of AceCo’s precision machining capabilities and NxEdge’s special processing expertise will create value for semiconductor and display OEMs by providing comprehensive life cycle management for a broad range of mission-critical components.”
Based in Boise, Idaho, AceCo Precision Manufacturing is a manufacturer of mission-critical precision machined and refurbished components for customers within the semiconductor and display markets. With roughly 80,000 square feet in current manufacturing space, AceCo maintains a broad set of capabilities and produces parts that range from 1-inch to 12-feet in length.
Headquartered in Boise, Idaho, NxEdge provides vertically integrated solutions to the semiconductor market. As an advanced equipment components supplier, NxEdge offers custom solutions including machining, anodizing & plating, advanced engineering coatings, fluoropolymer coatings, cleanings and assembly.
Trive Capital is a Dallas, Texas based private equity firm managing over $2 billion in capital. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.