Harvey & Company initiated and invested in the recapitalization of CORWIL Technology Corporation in partnership with a Midwest-based private equity fund. CORWIL performs world-class proprietary integrated circuit (“IC”) assembly and testing to an attractive and diversified tier-one customer base. The company operates out of a custom built facility equipped with a clean room in Milpitas, CA.
The company was founded by two partners in 1990 to address the low volume / high mix needs of the medical, military/aerospace, and commercial end markets. They grew the company to an organization of over 150 employees with a world-class engineering team and production capabilities. Prior to the recapitalization of the company, the owners had achieved record-breaking years in 2011 and 2012, as well as a track record of double digit annual growth over the preceding 20 years. The transaction allowed the founders to achieve a significant liquidity event, but also retain a meaningful ownership post-closing