BURNABY, BC, CANADA – An undisclosed stake in Creation Technologies has been sold by one private equity firm to another.
Lindsay Goldberg, a New York private equity firm that concentrates on family-run and entrepreneur-type businesses, will acquire the EMS firm from Birch Hill Equity Partners and other equity holders for an undisclosed sum. The deal is pending completion of court, shareholder approvals, and applicable regulatory approvals.
Creation was founded in 1991 and has ascended to become one of the 50 largest EMS companies in the world, accoprding to the CIRCUITS ASSEMBLY Top 50. It employs about 3,000 workers in the US, Canada, Mexico and China.
The company is primarily owned by employees. In 2007 Birch Hill acquired an undisclosed share of the firm in for $65 million.