The Bottom Line: NewSpring Invests in MAC Panel
June 06, 2024
NewSpring, a family of private equity strategies, today announced that NewSpring Mezzanine, the Firm’s dedicated private credit strategy, has invested in MAC Panel in partnership with Alerion Capital Group.
MAC Panel is a leading provider of high-performance connectivity solutions
For over six decades, MAC Panel has specialized in providing high-performance connectivity solutions for automated test applications. Its engineering department provides custom or semi-custom, start-to-finish design and outsourced consulting services that aim to meet all customer needs and reduce time to test.
MAC Panel has created longstanding partnerships with its recurring customers
MAC Panel has developed key connections with engineers and buyers in a variety of end-markets, including the government, defense, automotive, and aerospace sectors. Its in-house engineering team and custom fabrication capabilities enable MAC Panel to be a one-stop-shop for their customers, driving high customer loyalty rates.
“At MAC Panel, we focus on the continual improvement and technology advancement of our high-performance connectivity solutions to meet the increasing demands of our customers. Our rigorous review process ensures manufactured products have minimal defects and the highest quality standards. This is a significant reason why our customers maintain long-term relationships as their business needs evolve. We’re thrilled to partner with NewSpring as we aim to bring these value-enhancing solutions to a broader market.”
The company’s end markets continue to grow both domestically and internationally
MAC Panel’s products play an increasingly important and larger role as the variety of complex machinery, equipment, aerospace, transit and power solutions rises. There are a growing number of applications for the company’s sophisticated solutions within its existing footprint. This creates a significant opportunity for MAC Panel to expand, as it increases awareness and helps the broader market identify with the value and opportunity the company’s solutions can bring to their solution needs.
MAC Panel is managed by a deeply experienced leadership team
MAC Panel is run by a long-tenured and talented senior management team. Led by President Anthony Sedberry, the company is supported by a team with deep industry knowledge and extensive technical abilities.
“The team at MAC Panel has done a tremendous job providing its customers with the most innovative, advanced, and highest performing interface connection solutions on the market. This has resulted in remarkable customer loyalty and opened additional avenues for continued growth. With plenty of runway for continued expansion, we’re excited to work with Anthony and his leadership team to take MAC Panel to new levels of growth.”