Corfin Industries Acquired by Sagewind Capital LLC
Don Tyler Named President; Newly Created Advisory Board includes Dr. Paul Kaminski (former Under Secretary of Defense), Jim Dunn (Former President of L-3 Defense Electronics), and Retired Army General Paul Kern; Company to Maintain Highest Quality Component Preparation Services, Gains Expansion Capital
Salem, NH (November 25, 2015) – Corfin Industries, the leading provider of component preparation services, announced today that it has been acquired by Sagewind Capital LLC in partnership with Corfin management.
Corfin President Don Tyler will resume leadership of the business, as Rick Hajec retires. Corfin is grateful to Hajec for the service he has provided and for his help effectuating this new partnership.
“I am very excited about what this transaction means,” Tyler said. “Sagewind shares our vision to continue providing the absolute highest quality component preparation services for mission critical systems and it will provide expansion capital as needed.”
Tyler continued: “We appreciate the level of dependability and reliability our clients expect. We understand the serious, essential nature of our work. We will never stop innovating or finding new ways to help prevent catastrophic failure in mission and life critical systems.”
“I am thrilled at the opportunity to work with an industry leader like Corfin Industries and with an industry leading executive like Don,” said Steven M. Lefkowitz, founding partner of Sagewind Capital LLC.
In keeping with Corfin’s commitment to providing the absolute highest quality component preparation services for mission critical systems, the company announced a newly created Advisory Board. Dr. Paul Kaminski (former Under Secretary of Defense) and Retired Army General Paul Kern, and Jim Dunn (former head of L-3 Defense Electronics) – both of whom worked previously with Lefkowitz – will join the Board.
Said Lefkowitz: “We are fortunate to gain the wisdom and experience that Paul and Paul bring from their lifetimes of service to our country. They understand the nature of our clients’ critical demands and will further management’s focus on delivering industry leading service.”
About Corfin Industries
Corfin Industries (www.corfin.com) performs a variety of component preparation services. With proprietary technology and processes, Corfin’s Robotic Hot Solder Dip (RHSD) process is proven to safely mitigate the risk of Tin Whiskers by robotically refinishing Pb-free COTS component terminations with tin-lead (SnPb). This process eliminates the tin whisker risk, restores solder joint reliability and refinishes components to reliable defense industry standards. In addition, Corfin offers gold mitigation services, BGA re-balling, trim and form services, re-conditioning of bent leads and lead-attachment to LCC packages.
About Sagewind Capital LLC
Sagewind Capital LLC is a middle market, leveraged buyout firm founded in 2015 by Steve Lefkowitz. Sagewind Capital intends to build a concentrated portfolio of companies in key sectors that have the potential for organic growth and can serve as platforms for substantial value creation through a buy-and build strategy of strategic acquisitions.