Pioneer Metal Finishing Acquires Electrochem Solutions
Pioneer Metal Finishing has acquired Electrochem Solutions, expanding its West Coast presence and enhancing its metal finishing capabilities.
Pioneer Metal Finishing LLC (Green Bay, Wis.), a portfolio company of Aterian Investment Partners (New York, N.Y.), has acquired Electrochem Solutions Inc. (Union City, Calif.). Electrochem provides a range of highly technical finishing solutions including gold plating, silver plating, anodizing, electroless nickel and other services to clients primarily in the semiconductor fabrication equipment end market.
"Pioneer is the right choice for Electrochem, our employees and customers,” says David Rossiter, owner of Electrochem. “Pioneer is recognized as the ideal buyer for family- and founder-owned metal finishing businesses. I am confident Pioneer will be a great home for our employees and customers because of our shared goals and values."
"We are excited to continue to build upon Pioneer's strategy of acquiring leading metal finishing businesses,” says Daniel Krasnow, principal at Aterian. “Electrochem expands Pioneer's presence on the West Coast and adds new technical capabilities Pioneer can build upon."
"We are excited to complete the third acquisition since our investment in Pioneer,” says Brandon Bethea, co-founder and partner at Aterian. “We have been acquiring market-leading businesses that help expand Pioneer's end market presence and technical capabilities. Electrochem is another family- or founder-owned business, which builds upon Aterian's established practice of investing in family- or founder-owned companies."
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