Exclusive financial advisor to Granite River Labs, Inc.
KPMG Corporate Finance LLC is pleased to announce the majority recapitalization of Granite River Labs, Inc. (“GRL” or the “Company”) by SFW Capital Partners, LP (“SFW”).
Headquartered in Santa Clara, CA, GRL is a global leader in test and certification services and automated test solutions for digital connectivity and charging technologies. The Company helps product developers to implement the latest connectivity and charging interfaces in a rapidly expanding universe of connected devices and applications, including consumer electronics, mobile, automotive, cloud computing, data center, medical, and industrial automation.
With over 200 employees, six state-of-the-art labs, and two R&D centers across the globe, GRL supports the entire electronics value chain, from semiconductors to PCBs, cables and connectors, and end products.
Ahmad Sheikh, Partner at SFW commented "GRL is a tremendous business with a significant growth opportunity, and we could not be more pleased to announce this new partnership. Led by a veteran team with an intense focus on quality and customer service excellence, GRL has a built a strong reputation for technical leadership and a loyal customer base. We are thrilled to bring the additional resources and expertise to help Quintin and Johnson achieve our shared vision for GRL's future.”
"We are very excited to enter the next chapter of GRL's growth with SFW as our strategic investment partner," said Co-Founder and CEO Johnson Tan. "After deciding to bring on a partner to help us grow, we spoke with a wide variety of organizations, and SFW immediately stood out. They bring extensive sector knowledge, a deep understanding of our business and, most importantly, a long, successful history of supporting the development of founder-owned test services, automated test solutions and instrumentation businesses like ours."
"We have enjoyed great success over the past decade and we're confident that SFW's extensive network and market expertise will enable us to accelerate our growth while maintaining the highest level of quality and innovation in the industry," added Co-Founder and COO Quintin Anderson. "Our customers face an extraordinary challenge as connectivity and charging technologies become faster, more complex and more difficult to test, and end users' expectations constantly increase. With SFW's support, we are well-positioned to not just keep pace, but to increase our market share through delivery of new, innovative solutions, enhanced technical capabilities, greater lab capacity, and an expanded global footprint.“
Johnson Tan and Quintin Anderson commented on the transaction “The KPMG team’s dedication, industry knowledge and relationships, and detailed execution mentality were key to achieving an optimal outcome. They were a true partner to us throughout the process.”
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