Ashley Dafel, President and CEO, Creation, said, “This is an exciting moment for Creation, our team members and our customers. Lindsay Goldberg is a long-term equity partner that is committed to our continued growth and success, and to building on the strong foundation we have developed over our 28 years of operations. We remain focused on delivering the best total solutions for our customers and their businesses in all the markets we serve.”
Michael Dees, Partner, Lindsay Goldberg, said, “We are excited to advance Creation’s industry leadership in the growing electronics manufacturing services market and to invest in a company with a strong customer value proposition, unique business model and attractive growth opportunities. We look forward to working in partnership with the Creation team to continue to grow the business over the long term.”
Founded in 1991, Creation employs approximately 3,000 people across the USA, Canada, Mexico and China. Creation provides its OEM customers across a wide range of industries with product development and engineering, rapid prototyping, design for supply chain, manufacturing, integration and fulfillment and logistics and after-market services.
The transaction is to be completed by way of a plan of arrangement under the Business Corporations Act of British Columbia. Completion of the transaction is subject to a number of conditions, including court, shareholder approvals, and applicable regulatory approvals.