Moonachie, New Jersey, December 23, 2020 – The SCHLEIFRING Group (“SCHLEIFRING”), a subsidiary of Wegmann Group headquartered in Fürstenfeldbruck, Germany, has acquired Electro-Miniatures Corporation (“EMC” or the “Company”), a leading manufacturer of slip ring assemblies headquartered in Moonachie, NJ. Transaction terms were not disclosed.
Established in 1954, EMC provides turnkey design, test, and contract manufacturing services for slip rings and related electromechanical assemblies. EMC’s slip ring products are principally used within the aerospace and defense (“A&D”) industry, across a wide assortment of highly technical and mission critical military, government, space, and commercial applications. The Company employs a team of 70 professionals, and is renowned in the industry for its comprehensive technical knowledge, extensive construction know-how, and efficient production processes.
SCHLEIFRING is a global leader in technical slip ring manufacturing, with five operations globally spanning three continents. To date, SCHLEIFRING has supported over 3,000 customers across more than 20 countries. The acquisition of EMC furthers SCHLEIFRING’s reach into North America, augmenting the customer roster and technical capabilities of SCHLEIFRING’s North American operations, headquartered in Chelmsford, MA.
Ali Pollack Elbert, EMC’s President and Chief Executive Officer, and the third-generation owner of the Company, noted ”today is, no doubt, an emotional day. My grandfather, my father and mother, and my husband and I have personally managed every aspect of the day-to-day operations of the Company since its establishment in the 1950s. Thanks to the unique fingerprints left on the business by our family members and close personal friends, and EMC’s dedicated employees and leading A&D customers and vendors, today, EMC is a globally acclaimed slip ring manufacturer.”
Ali further comments, “Although the transaction process was tough, it was worth it, and we are excited to join forces with SCHLEIFRING! While we have competed against SCHLEIFRING in the global slip ring market for more than 35 years, in recent years, we have come to better know the principals of SCHLEIFRING, both professionally and personally. Now we look to our next big adventure, together as a team. The SCHLEIFRING acquisition of EMC will yield significant opportunities for our valued customers as we combine our technical expertise to solve their critical slip ring requirements and expand our horizons in all facets of the slip ring world. We are grateful for the amazing Fairmount team, who worked tirelessly and diligently to get us to this point!”
Fairmount Partners acted as the exclusive financial advisor to EMC. In addition, Blank Rome served as the Company’s legal counsel, and Mazars Group provided accounting advice in support of the transaction.
About Electro-Miniatures Corporation
Electro-Miniatures Corporation specializes in designing, developing, manufacturing, testing, and servicing complex slip rings and related electromechanical assemblies. Established more than 65 years ago, EMC’s slip ring products are principally used within the aerospace and defense industry, across a wide assortment of highly technical and mission critical military, government, space, and commercial applications. Customers pursue EMC for its technical expertise, design excellence, and quality production by leveraging the Company as an engineering ‘partner’ for complex slip ring and electromechanical assembly manufacturing requirements. Further information is available at www.electro-miniatures.com.
About Fairmount Partners
Fairmount Partners is an independent merger and acquisition advisory firm focused on emerging growth and middle market companies. Fairmount helps its clients complete mergers and acquisitions, raise funds for growth, acquisitions and liquidity, and design and improve their corporate development strategies. Fairmount’s clients include successful entrepreneurs, private equity-sponsored enterprises, and global public companies. Since 2003, Fairmount has completed more than 235 transactions, representing over $12 billion in aggregate value, in 20 countries throughout North and South America, Europe, Asia and Australia. Further information is available at www.fairmountpartners.com.