Foxhole Group and CCK Automations add East Coast Footprint and Significant New Operating Capabilities with Acquisitions of OSDA and Argo EMS

Jacksonville, IL – Foxhole Group (“Foxhole”), a private investment firm focused on the industrial sector, announced today that it has added quick-turn and Low Volume High Mix (LVHM) capabilities to its CCK Automations platform by acquiring two PCB Assembly businesses just 33 miles apart in Connecticut. Completed as separate transactions, the CCK family of companies added OSDA, a high-tech quick-turn prototype PCBA shop in Milford, CT as well as Argo EMS, an agile LVHM business in Clinton, CT.

With the two acquisitions, the company will be adding significant operational talent, as each facility is staffed by highly capable General Managers with 25+ years of EMS experience and staff with 12+ years of tenor with their respective companies. The company will now be able to handle the full product lifecycle and portfolio of customer products with Quick Turn / Prototype and Long-Run High Volume capabilities across the three facilities. The company will also present clients with myriad value-add capabilities including in-house design, injection molding, full box-build and CNC machining with experience to assemble a broad range of technologies: Rigid, Flex, Rigid-Flex, Rogers, Aramats, Metal Core, Polyimide and Hybrids. 

The breadth of end markets and critical certifications for the locations will also expand. The company now will serve customers in medical, robotics, aerospace & defense and semiconductor industries among several others and will have ITAR, AS9100, and UL certifications. The customer base for the combined company spans nationally, with most customers located in the Midwest and Northeast.

Regarding the acquisition, General Manager of OSDA Bill DeProfio was quoted saying, “we are excited to partner with the CCK and Argo teams to bring unique capabilities to our customers. We are significantly advantaged to bring new product innovation skills to the customers where CCK and Argo are meeting production needs”.

General Manager of Argo Scott Law added, “This is an incredible opportunity and we’re going to rise to the occasion. We already have the best human capital in the business at Argo and we’re excited with what the new capital will mean in terms of technology and facility improvements. We’re primed to bring additional value to our customers that have been integral to our success while under the Eastern Company’s ownership”.

Founder of CCK and Board member JJ Richardson said, “Since the start of Covid and the global supply chain shortage, we have been seeking to find a way to bring unique value to customers. Over the past 10 months we have been partnering with the Foxhole Group and their sister company DPO&Co. to build a proprietary global procurement capability to solve several of our customers’ supply chain challenges, and the additional scale added by these companies will allow us to offer these capabilities to even more customers in more regions across the U.S.”

About CCK Automations

CCK is a designer and manufacturer of printed circuit board assemblies (PCBAs), injection molded plastics and specialty machining, headquartered in Jacksonville, IL with more than 22 years in business. The company was founded by Mr. JJ Richardson in 1999, and specializes in the support and design of complex, highly engineered and high-speed circuit board assemblies. CCK’s products are often designed to endure the harshest conditions faced by customers in the agriculture technology, commercial vehicle, and industrial manufacturing sectors, but its superior quality also attracts customers in a variety of other markets, including healthcare, restaurants, lighting, HVAC, and cashless payments.

About Foxhole Group

Foxhole Group is a private investment firm with offices in Denver, Chicago, Jakarta and San Juan that has a singular focus of unlocking potential at privately held industrial companies. The entrepreneurial firm brings expertise gleaned from years in private equity combined with leading 120+ strategy and operations consulting engagements, which gives the firm a unique ability to grow and transform small to mid-sized industrial businesses. Their global team provides access to top talent, enhanced supply chains and back-office efficiencies.

Foxhole targets both control and shared control equity investments in industrial products and services businesses with under $10M in EBITDA, particularly companies that can benefit from leveraging the firm’s strategy consulting and Business Process Outsourcing adjacent practices. For more information, please visit dpoandco.com.