Tide Rock has acquired Electro-Spec, a specialty plating and surface-finishing company with operations in Indiana and South Carolina, and established a new specialty surface-finishing platform for the investment firm.
Electro-Spec provides plating and finishing services for aerospace, defense, medical, telecommunications, nuclear, and battery applications. The company operates facilities in Franklin, Indiana, and Lexington, South Carolina.
Its capabilities include selective gold plating, electroless nickel plating, passivation, micro-miniature SBE plating, and metallurgical testing. Electro-Spec uses automated and semi-automated, PLC-controlled plating lines and serves customers that require NADCAP, AS9100, ITAR, and other industry certifications and registrations.
Tide Rock says the acquisition expands its high-reliability manufacturing capabilities while complementing its existing metal machining businesses.
Brooks Kincaid“Electro-Spec stood out as an attractive acquisition opportunity because it combined technical expertise, long-term customer relationships, and growth potential,” says Tide Rock President Brooks Kincaid. “Electro-Spec exemplifies the high-reliability, mission-critical businesses we intend to have in our portfolio and complements Tide Rock’s metal machining companies with a specialized plating capability.”
Electro-Spec works with OEMs and precision machining companies on applications requiring corrosion protection, wear resistance, conductivity and other performance characteristics. The company has invested in automated production equipment, laboratory capabilities and proprietary plating technologies focused on process control, traceability and repeatability.
Electro-Spec President Jeff Smith said selecting an ownership partner that would continue investing in the company and its technology was an important consideration.
Jeff Smith“Building and growing Electro-Spec over the last 32 years has been the journey of a lifetime,” Smith said. “As I looked toward the future and our next chapter, finding the right home for Electro-Spec was my highest priority.”
Smith said the company’s employees, technological innovation, and focus on high-reliability applications have driven its growth.
Electro-Spec has provided specialty plating and surface finishing services for more than 60 years.
Tide Rock, which has offices in San Diego and New York, acquires and operates lower-middle-market companies in the manufacturing, distribution, and services sectors.
Visit https://www.electro-spec.com.
