Superior Capital Partners LLC, a Detroit-based private equity firm,has acquired KDM from CoActive Technologies as an add-on acquisition to its user-interface and product identification portfolio company, Nelson-Miller, Inc. The transaction represents the eleventh acquisition from Superior's 2008 inaugural fund and the seventh acquisition since the beginning of 2011.
Nelson-Miller, based in Los Angeles, designs, manufactures and sources customized membrane switches, graphic overlays, nameplates, rubber keypads, touchscreens and other user-interface and product identification solutions. The Company's products are highly customized and are used by original equipment manufacturers in a broad range of industries such as healthcare, industrial, aerospace and consumer.
Located in Singapore and China, KDM is a global provider of user-interface components and modules including keypads, dome arrays and light guides to a premier customer base in the cell phone, point-of-sale, gaming, computing, and consumer industries. This acquisition nearly doubles the revenue of Nelson-Miller, and adds outstanding overseas manufacturing and engineering resources to the business. The transaction provides Nelson-Miller with immediate reach into new customers, products and end markets and creates a business with market leading domestic and overseas manufacturing resources.
Nelson-Miller CEO David Bland is a former President of KDM, and this prior experience uniquely positioned Nelson-Miller for the acquisition. David commented, "The merger of KDM into Nelson-Miller adds tremendous capacity and resources to our growing business. KDM is a technology leader in backlighting and interface solutions and has successfully supported industry leaders in the development and manufacturing of innovative products for more than thirty years. We are excited about the potential that this merger brings to the customers of both Nelson-Miller and KDM."
As a special situations fund, Superior combines capital, transaction experience and operational improvement expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow their businesses. Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Generally, these companies will have annual revenue of $10 to $150 million, identifiable growth opportunities and the need for capital and resources to implement a growth and recovery plan.
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