Atlanta-based private equity firm Provest Equity has acquired North Texas-based Advanced Process Solutions.
APS is a precision manufacturing company based in Blue Ridge, Texas, north of Dallas. Formerly known as Advanced Plastic Services, APS has been a provider of industrial equipment and solutions for the semiconductor, solar, and oil and gas industries for over two decades.
The acquisition of APS, which closed on July 31, marks the first investment for Provest. Terms of the deal were not disclosed.
“APS represents exactly the type of high-potential industrial platform we set out to acquire when we launched Provest Equity Partners,” said Suhas Uppalapati, founder and managing partner at Provest, in a press release.
“With the global demand for semiconductor and energy sectors accelerating, we see tremendous opportunity to invest in APS’s next phase of growth, leveraging our operational experience and long-term vision.”
Provest Founding Partner Kerry Byler echoed the sentiment.
“Our team is excited to work alongside APS’s talented employees and leadership. We believe our hands-on approach and strategic investment philosophy will help scale APS’s capabilities, expand its customer base, and unlock new market opportunities.”
APS says it has worked with some of the most innovative semiconductor companies in the world. Notably, the North Texas-based firm was recently recognized with Texas Instruments’ Supplier of the Year Award.
“Over the years, we’ve built trusted partnerships with some of the most respected names in the semiconductor and industrial sectors,” said APS Founder Phillip Pulliam.
“I’m confident that with Provest’s vision, resources, and operational expertise, APS is well-positioned to accelerate its growth and continue delivering best-in-class solutions to our customers.”