GROWTH AND PERFORMANCE, LLC.ACQUIRES MICROLOGIC/ EMACHINESHOP / PAD2PAD
GROWTH AND PERFORMANCE, LLC.
ACQUIRES MICROLOGIC/ EMACHINESHOP / PAD2PAD
PHILADELPHIA, July 24, 2023 /PRNewswire/ - Micro Logic Corp., with three divisions, eMachineShop, Pad2Pad and Info Select, an industry leader in online manufacturing, was acquired today by Growth and Performance LLC ("GnP"), a U.S. based growth investment firm. Following the acquisition, GnP appointed Mr. James T. Wright as CEO, while company founder Mr. Jim Lewis remains as an advisor and board member.
Headquartered in New Jersey, Micro Logic is a privately held online, on-demand manufacturing platform that offers businesses access to its Mahwah facility. Businesses can also access vetted manufacturing partners all over the world. Micro Logic offers CNC Milling, Turning, Laser and Waterjet Cutting, Injection Molding, Printed Circuit Boards and 3D Printing using more than fifty materials.
"I am thrilled to partner with Jim Lewis and the entire team at Micro Logic. GnP will support Micro Logic as the company enters its next stage of expansion," said incoming CEO James T Wright. "Jim Lewis has assembled an impressive team and built Micro Logic into a market leader in online manufacturing. Aimed at small to medium-sized businesses, eMachineShop and Pad2Pad remain sharply focused on delivering high quality custom parts at great prices with minimal hassle. The customer reviews speak for themselves. We will continue to pursue organic growth as well as strategic acquisitions.”
"With a deep pipeline of growth opportunities and a top notch team, Micro Logic, eMachineShop and Pad2Pad are an ideal fit for the GnP’s portfolio. We look forward to working closely with Mr. Wright and to leveraging and expanding our network of high-quality suppliers,” said Mr. Lewis.
About Growth and Performance, LLC (GnP)
GnP is a firm that focuses on control investments in lower middle-market organizations. GnP prioritizes acquisitions with leading market positions, stable industry dynamics, attractive business models and actionable opportunities for growth. When faced with competition from large multinational Wall Street-backed companies, GnP provides unique resources to help its portfolio companies grow.
About Micro Logic Corp
Located in Northern New Jersey, Micro Logic is a privately held corporation that began publishing software solutions in 1986. Micro Logic’s mission is to provide innovative products, including leading-edge easy-to-use yet powerful productivity software. In 2003, Micro Logic expanded into internet-based manufacturing with eMachineShop, the first online machine shop. After this success, MicroLogic later expanded into printed circuit board manufacturing with its Pad2Pad division. Micro Logic is dedicated to making custom parts accessible to everyone by developing smart, fast, easy-to-use tools to bring customers’ ideas and designs to life.
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