Resilience Capital Partners has acquired TSS Technologies, including its operations in both West Chester, Ohio, (headquarters) and in Carlsbad, California, under the name R&3D Technologies. Terms of the transaction were not disclosed.
TSS is a third-generation, 100-employee business that provides complex electro-mechanical assemblies and turnkey contract manufacturing solutions. Its customers include Global 50 companies in sectors serving medical device and life sciences, consumer goods/products, industrial, and aviation and aerospace.
“We are excited about TSS’s bright future and look to build a leader in highly engineered custom automation solutions with a focus in the medical device and life sciences sectors,” Resilience Capital Partners Co-CEO Bassem Mansour said in a statement.
Marc Drapp will continue to serve as CEO of TSS under the new ownership, and advanced manufacturing veteran Shirish Pareek will become the executive chairman of the company’s board of directors.
“Under both Marc and Shirish’s leadership we believe that TSS is well positioned for impressive strategic growth over the coming years, and we look forward to our newest platform investment, which will focus on the growing trends in automation in both medical device and life science applications,” Resilience Partner Ki Mixon said.
Related content: Get Mansour’s perspective on PE investments as well as his take on the 2018 deal year.
