East West Manufacturing Acquires Team Manufacturing

East West Manufacturing, LLC, a global design, manufacturing and distribution business, announced today that is has acquired Team Manufacturing (“Team”), a provider of specialized electronics manufacturing, wire harness assembly and box-build services. Team was founded in 2002 and is located near the Research Triangle in North Carolina. The acquisition of Team represents a significant opportunity to enhance the growth of East West and advance the Company’s strategic focus on growing its electronics capabilities and establishing US manufacturing operations.

“We found the perfect partner with Team to expand our manufacturing presence into the US.” said Scott Ellyson, East West Co-founder and CEO. “Team has a great reputation for serving its customers. This acquisition allows us to offer our customers domestic, higher mix, lower volume, quick turn electronic manufacturing services. Best of all, our collective design, manufacturing and supply chain capabilities will enable us to provide even higher levels of service and support to customers on a global basis.”

East West Board member Bob Nardelli said, “This acquisition aligns perfectly with our strategy of building our portfolio by incorporating companies offering innovative solutions to their customers.”

Alex Mammen, Heritage Growth Partners Founder and East West Board member added, “The acquisition of Team provides East West with the ability to marry its high volume international design, manufacturing and distribution capabilities with a well-respected, domestic manufacturer to address the full spectrum of customer needs. We expect the East West-Team combination to gain significant market share through these expanded capabilities.”

Don Albright, Founder and CEO of Team said, “My brother Dean, the leadership team, and all the associates here at Team, and I, are thrilled to join the East West family. Our capabilities, culture and customer first focus align perfectly. We are going to do great things together!”

About East West Manufacturing, LLC

East West is a leading Atlanta-based design services and global contract manufacturing partner for original equipment manufacturers and distributors throughout the United States and Europe. With operations in Vietnam, China and India, the Company utilizes transparent supply chain, on-site quality control and logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West’s U.S.-based management combined with its international capabilities reduces the risks and complexities of global manufacturing for its customers. For more information please visit: http://www.ewmfg.com.

About Team Manufacturing, Inc.

Founded in 2002, Team provides a wide variety of manufacturing, assembly, testing and rework services related to wire and cable interconnects and harnesses, electromechanical assemblies, PCBA's, box builds and product integration. Team is an ISO 9001:2015 Certified EMS provider and is based in Youngsville, NC. For more information visit: http://www.teammanufacturing.com.

About Heritage Growth Partners LLC

Heritage Growth Partners LLC is an Atlanta-based private, family investment office focused on serving owner-managers and their companies to accelerate growth and create long-term value. Heritage takes a collaborative approach to investing, with the goal of building true partnerships with management that are enhanced by its patient and flexible family capital and its ongoing strategic, financial and operational support. For more information visit: http://www.heritagegrowth.com.