July 8, 2008
TSI Group, Inc. Announces the Acquisition of Sandy Bay Machine
TSI Group, Inc. (TSI), a portfolio company of Arlington Capital Partners (www.arlingtoncap.com), announced today the acquisition of Sandy Bay Machine, Inc. (Sandy Bay) located in Rockport, MA. Sandy Bay specializes in all elements of metalworking with an emphasis on machining radio frequency, microwave and millimeter wave and fiber optic components.
The acquisition of Sandy Bay provides additional machining capacity to serve the growing demand for TSI's thermal solution products. Sandy Bay also offers market expansion into telecommunications for TSI.
Greg Tucker, CEO of TSI, stated, "Acquiring Sandy Bay provides a strategic machining source for our brazing operations and expands our served markets. The Sandy Bay team has built a world-class machining operation and a best in class business in terms of cost, quality and service to their customers. Adding Sandy Bay to the TSI Group not only secures our position as the leader in the brazing marketplace, but brings significant machining capacity and capability to the organization along with further penetration into the telecommunications industry."
Larry Osier, President of Sandy Bay, stated, "Brazonics and other TSI companies have been part of our customer base for years, so when presented with the opportunity to join the TSI Group the answer was clear. TSI understands our business and can help us grow both in terms of more opportunities within the TSI Group and helping expand our external customer base--we are very pleased to be part of TSI."
"The acquisition of Sandy Bay Machining speaks to TSI's commitment to their customers by delivering superior brazing and thermal management solutions, and brings together the largest brazing capacity and most sophisticated manufacturing techniques in the industry," said Robert Knibb of Arlington Capital Partners. Peter Manos of Arlington Capital Partners added, "With this acquisition, TSI differentiates itself with the broadest range of product offerings and unique coast to coast geographic presence which further cements its position as the industry leader."
TSI Group, Inc. (www.tsigroupinc.com) is a world-class supplier of custom engineered electronic assemblies and thermal management products, enclosures and interconnect solutions for military, commercial and security applications. TSI Group is the market leader for brazed products that solve the growing thermal demands of electronics.