Sperry Mitchell Advises Chainlogix on its sale to Nelson-Miller
New York, NY (March 8, 2022) – Chainlogix of Troy, VA has been acquired by Nelson-Miller, Inc. (“Nelson-Miller”) of Los Angeles, CA, a portfolio company of New Water Capital (“New Water”), headquartered in Boca Raton, FL. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Chainlogix.
Chainlogix (www.chainlogix.com) is a leading provider of engineered components, assemblies and supply chain management solutions to customers across the industrial, lighting and electronics landscape.“We are excited to build upon our first platform in Fund II through the Chainlogix acquisition,” said Matt Carlos, principal at New Water Capital. “Through the combination of Nelson Miller and Chainlogix, the growing enterprise will have access to expanded engineering and supply chain management resources, while leveraging captive electromechanical assembly and functional printing capabilities.”
“We feel as though we found the perfect partners in New Water and Nelson Miller to help accelerate our growth trajectory,” said Chainlogix founder-owner Rick Perrault. “New Water’s success in building technology-driven solutions providers and the out-of-the-box synergies with Nelson Miller make for a perfect fit for our team’s aspirations and goals.”
Nelson-Miller (www.nelson-miller.com) was formed in April 2011 through a merger of two Los Angeles metal manufacturing companies, Miller Dial, founded in 1937, and Nelson Nameplate, founded in 1946. Today Nelson Miller is a leading global supplier of membrane switches, silicone rubber keypads, graphic overlays, metal nameplates, light guides, modules, assemblies and custom applications.
New Water Capital (www.newwatercap.com) is a Boca Raton, Florida-based private equity firm focused on lower-middle market companies in the consumer products and industrial manufacturing and services sectors with revenues of $30 million to $300 million.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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