-

Graycliff Partners Recapitalizes CHawk Technology

NEW YORK--(BUSINESS WIRE)--Graycliff Partners LP announced today that it has completed an equity investment and recapitalization of CHawk Technology International (“CHawk”), a manufacturer of precision plastic and metal components and assemblies for the semiconductor capital equipment, aerospace, and medical device industries.

Based in Hayward, CA and founded in 2005, CHawk provides plastic and metal machining, fabrication, clean room assembly, and engineering services. The company’s core market is semiconductor capital equipment, with a growing presence in aerospace, medical, and general industrial end markets. The company has facilities in California, Arizona, Singapore, Malaysia, and China. Graycliff’s investment in CHawk follows its July 2021 acquisition of Gold Tech Industries, a provider of metal finishing and plating services for similar end markets. The businesses will be combined as a platform for continued growth within semiconductor and complementary markets.

“The CHawk team is excited to be partnering with Graycliff,” said Chase Zunino, CHawk’s CEO. “Graycliff’s experience and track record for driving growth, particularly within the semicap space, makes them an ideal partner for CHawk. We look forward to leveraging Graycliff’s resources to execute on our shared strategic goals.”

“CHawk’s capabilities are truly impressive. The company’s dedication to quality and service, combined with its global footprint, has established CHawk as a trusted, scalable partner for its customers,” said Dan Rubin, Graycliff Operating Advisor and co-investor. “We look forward to working with Chase and his team through this next stage of growth.”

“The CHawk team has done an impressive job growing the company and we are excited to partner alongside Chase and his team,” said Duke Punhong, Graycliff Managing Partner. “We look forward to leveraging our past experience in the semicap space in building this new platform for continued expansion.”

CHawk is the fifth investment in Graycliff’s fourth private equity fund, Graycliff Private Equity Partners IV LP. The current fund is a continuation of the firm’s strategy of making equity investments in lower middle market companies, with a focus on acquiring and/or partnering with founder and family-owned businesses in the manufacturing, business services, and value-added distribution sectors.

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.

Contacts

New Opportunities: Duke Punhong (dpunhong@graycliffpartners.com, 212-300-2904); Ryan Supple (rsupple@graycliffpartners.com, 212-300-2931)

Graycliff Partners LP


Release Versions

Contacts

New Opportunities: Duke Punhong (dpunhong@graycliffpartners.com, 212-300-2904); Ryan Supple (rsupple@graycliffpartners.com, 212-300-2931)

Social Media Profiles
More News From Graycliff Partners LP

Graycliff Partners Invests in Boss Industries

NEW YORK--(BUSINESS WIRE)--Graycliff Partners is pleased to announce its acquisition of Boss Industries, LLC (“Boss”). Boss is a leader in power take-off and engine driven air technology, offering a full line of vehicle-integrated air compressors, generators, spray coating applications, and vapor recovery systems. Founded in 1988, Boss is a manufacturer of air compression technology, serving as an important supply chain partner to the vehicle upfitting and work-truck industry. Headquartered in...

Graycliff Partners Announces Sale of Landmark Structures

NEW YORK--(BUSINESS WIRE)--Graycliff Partners LP today announced the sale of Landmark Structures (“Landmark”), a leading provider of water and industrial storage infrastructure solutions, to Cerberus Capital Management, L.P. (“Cerberus”), a global investment firm. Landmark is a leading designer, manufacturer, and installer of elevated water tanks for municipalities and private water utilities in the U.S. and Canada. Landmark has achieved impressive growth since Graycliff acquired the business i...

Graycliff Partners Holds Single Closing for New $100 Million Small-Cap Buyout Fund, GCP Ascend LP

NEW YORK--(BUSINESS WIRE)--Graycliff Partners LP (“Graycliff”), a lower middle market investment manager, has announced the single closing of GCP Ascend LP (the “Fund”), which closed with $100 million in limited partner capital plus additional commitments from Graycliff’s partners and employees. GCP Ascend represents Graycliff’s new small-cap strategy targeting founder- and family-owned businesses with below $4 million of EBITDA. The Fund will expand Graycliff’s reach in the lower middle market...
Back to Newsroom