Austin semiconductor company expands with testing services business

Apr 23, 2014
Austin Business Journal

Minco Technology Labs Inc., a 30-year-old semiconductor company, hopes to boost profits by expanding into testing services

Austin-based Minco entered the testing of ruggedized semiconductors market last year and ramped up operations in earnest this year. The strategy is to grow the new segment to more than 30 percent of the company’s annual revenue, CEO Bill Bradford told me

“It gives us an additional platform for growth, really profitable growth,” he said. “We see it as a highly leverage-able opportunity for us.”

Minco Technology, founded in 1981, is a fab-less assembler and processor of semiconductors and components. The company’s products are used in both new sub-assemblies as well as in the replacement market. It employs 38 workers and targets the aerospace and defense industries, Bradford said

Despite more than three decades of history, Minco Technology's new path started in mid 2010, when New York- and Cleveland-based Rockwood Equity Partners LLC acquired Minco Technology’s assets for an undisclosed amount. Minco founder and CEO Liz Coker took a position on the company’s board of directors

Rockwood Equity Partners targets lower middle-market companies generating revenue between $10 million and $70 million. Founded in 1999, the firm has invested in more than 20 operating companies

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