Auxo Investment Partners, a private investment firm headquartered in Grand Rapids, Michigan, has announced the acquisition of Golden State Assembly (GSA), a vertically integrated, complete lifecycle wire/cable assembly and harness manufacturer headquartered in Fremont, California,
Cesar and Yesenia Madrueno—they founded the company in 2007—will retain a significant interest in the company and will remain in their roles at the company.
GSA designs and assembles wire harnesses and cable assemblies for a variety of customers in the automotive, aerospace, industrial equipment, medical device, electronics, specialty vehicle, and energy industries.
The company also provides value-add manufacturing services such as kitting, electromechanical assemblies, and outsourced quality control processes. It has an in-house machine shop and PCB assembly capabilities that allow it to deliver new projects quickly with high quality from the start.
The $17.5 billion electric vehicle (EV) market is expected to grow considerably in the coming years, which provides GSA expansion opportunities.
"Working with Auxo will enable us to affirm our customer-first mindset within our existing customer base while introducing us to manufacturing partners who increasingly demand the types of highly responsive, complex, and quality-sensitive solutions that we are accustomed to providing,” said Cesar Madrueno. “The Auxo team understands how important hands-on collaboration and customer loyalty have been to our continued growth and success. We are exceptionally proud of our team and culture of excellence, and we are excited to bolster our market position by expanding our sales infrastructure and leveraging new opportunities.”
Added Jeff Helminski, co-founder and Managing Partner of Auxo Investment Partners: “We are thrilled to partner with Cesar and Yesenia to further solidify GSA’s strong position serving some of the world’s fastest growing industries. By drawing on Auxo’s playbook for developing growth-focused infrastructure and maximizing both organic and acquisitive growth opportunities, we can strengthen GSA’s pre-existing relationships with renowned tech companies and foster new partnerships in a variety of sectors. GSA has a deep commitment to customer and employee relationships that make for a passionate workforce and a satisfied clientele –– and we can’t wait to carry that spirit forward.”
For more information, visit https://auxopartners.com/.
For information on GSA, visit: https://www.gsassembly.com/.