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ATLANTA (PRWEB) November 07, 2017 — The Atlanta Chapter of The Association for Corporate Growth® (ACG), a global professional organization with the mission of Driving Middle-Market Growth®, recognized Heritage Growth Partners’ investment in East West Manufacturing as one of the 2017 Deals of the Year Awards, acknowledging transactions completed from January 2016 through June 2017 that had a significant effect on business in Georgia. ACG Atlanta presented the awards on November 2nd at the Atlanta History Center.

East West is proud of our past growth and excited about what the Heritage Growth Partners recapitalization will mean for our company’s future, especially regarding acquisition initiatives,” said Scott Ellyson, CEO, East West Manufacturing.Post this

“The deals being honored this year exemplify ACG’s focus on growth and demonstrate the strength and significance of the deals made with Georgia based companies and investors,” said Danielle Cheung, 2017 Deals of the Year chair. “Our finalists achieved the highest performance and deal execution standards, representing the best of our highly qualified nominees this year.”

Nominees were required to submit transaction details. ACG’s judging panel, consisting of the areas corporate development executives, reviewed and ACG Atlanta verified the nominations. Deals were based on, but not limited to, the following criteria: potential economic development impact, strategic sectors for our ACG Chapter areas, product of service with potential for significant local and global impact, involvement of Georgia investors, executives, and serial entrepreneurs.

Describing East West at the Deal of the Year celebration, ACG said: “Despite its rapid growth since its founding and its global presence, including significant operations in India, Vietnam, China and New Zealand, East West remains an Atlanta company with its headquarters and distribution center based here. They are on track to generate over $100 million of revenue this year.”

The 2017 ACG Atlanta Deals of Year Award Winners were:

• Luminate Sale of PDI to TA
• Paymetric acquired by Vantiv
• Eversheds/Sutherland transatlantic merger
• The Coca-Cola Company’s Southwest Operating Unit refranchising
• Heritage Growth Partners investment in East West Manufacturing
• Brightree acquired by ResMed
• United PF Partners LBO of 5 separate Planet Fitness Franchisees

About East West Manufacturing

East West is a leading Atlanta-based design services and global contract manufacturer for original equipment manufacturers and distributors throughout the United States and Europe. With operations in Vietnam, China and India, the company utilizes transparent supply chain, on-site quality control and logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West’s U.S.-based management combined with its international capabilities reduces the risks and complexities of global manufacturing for its customers. For more information please visit: http://www.ewmfg.com.

About Heritage Growth Partners LLC

Heritage Growth Partners LLC is an Atlanta-based private, multi-family investment office creating long-term value for its family investors and company management team partners. Heritage takes an active approach to investing, with the goal of accelerating growth and performance through financial, strategic and operational assistance and increasing access to key customers and decision makers. For more information visit: http://www.heritagegrowth.com.

About ACG Atlanta

The Association for Corporate Growth (ACG) comprises more than 14,500 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune1000, FTSE 100, and mid-market companies in 59 chapters in North America and Europe. Founded in 1974, ACG Atlanta is one of the oldest and most active chapters, providing the area’s executives and professionals a unique forum for exchanging ideas and experiences concerning organic and acquisitive growth. Programs include Atlanta ACG Capital Connection, The Georgia Fast 40 Honoree Awards and Gala, a Wine Tasting Reception, a Deal of the Year event as well as an active Women’s Forum and Young Professionals group. For more information, visit: acgatlanta.org or connect with ACG Atlanta via Facebook, LinkedIn and Twitter.

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Atlanta-based East West Manufacturing has acquired Innovolt, combining two innovation-focused firms in Atlanta with complementary strengths and sales spanning the globe.

Innovolt’s products protect and monitor companies’ electronic assets, guarding them against the effects of power outages and sudden surges.

East West has long been a supplier for Innovolt, and the companies’ leaders believe its global design and production capabilities will help Innovolt continue to serve its customers and distributors well.   

“Innovolt has delivered hundreds of thousands of proprietary products to support their customers for a decade – we want to continue to serve these customers and markets with the same leading technology and support,” Scott Ellyson, East West co-founder and CEO said in a release announcing the deal Nov. 14. Terms were not disclosed.

East West has a joint venture motor factory in China and works with partner factories all over that country to produce an extensive catalogue of parts, including motors and components for electronics, robots and medical equipment. It also has a sourcing office in India and owns factories in Vietnam.

Innovolt was spun out of Georgia Tech’s Advanced Technology Development Center in 2007 and has surged since then, finding customers in places like Canada and South Africa, where long distances or unreliable grids make it costly to leave equipment unprotected.

With a product built on more than 20 years of research and some 32 patents, Innovolt climbed to No. 31 on the Inc. 5000 list of fastest-growing private companies in 2013 and has also been honored since then by the Technology Association of Georgia, Atlanta Business Chronicle and Forbes. 

The deal is East West’s first major buy since attracting a strategic investment from Heritage Growth Partners LLC last May, in part with the intent to grow through acquisition.

In the process, East West landed Bob Nardelli on its board of directors. The former Home Depot and Chrysler CEO said in a release that the Innovolt deal shows why it was important to recapitalize East West. Mr. Ellyson said in early November, just a week before the Innovolt transaction went live, that the company’s leaders were excited about what the earlier deal would mean for “acquisition initiatives.”

“This acquisition aligns perfectly with our strategy of building our portfolio by incorporating companies offering innovative products to their customers,” Mr. Nardelli said in the news release. East West is actively seeking to buy other contract manufacturers or product suppliers with sales of $10 million-$50 million and earnings of $1 million-$5 million, according to a Heritage Growth Partners email. Some criteria include domestic factories, long-term customers, strong management and proprietary products.

The deal with Heritage was named by the Atlanta Chapter of The Association for Corporate Growth as one of the deals of the year in 2016-17, with the organization noting that East West is on the way to $100 million in annual revenues.

East West also has a new logo and recently launched a new website.

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ATLANTA (PRWEB) NOVEMBER 14, 2017

East West Manufacturing, LLC (“East West” or the “Company”), a global design, manufacturing and distribution business, announced today that it has agreed to acquire the assets of Innovolt, an industry leading power protection and data company. The acquisition of Innovolt’s proprietary power protection and data capabilities represents a significant opportunity to enhance the growth of East West and advance the Company’s strategic focus on growing its electronics business.

“We have worked with Innovolt as a design and manufacturing partner since their early days,” said Scott Ellyson, East West Co-founder and CEO. “Innovolt has delivered hundreds of thousands of proprietary products to support their customers for a decade – we want to continue to serve these customers and markets with the same leading technology and support. Best of all, our own design, manufacturing and supply chain capabilities will enable us to provide even higher levels of service and support.”

East West Board member Bob Nardelli said, “This acquisition aligns perfectly with our strategy of building our portfolio by incorporating companies offering innovative products to their customers.”

Alex Mammen, Heritage Growth Partners Founder and East West Board member added, “The acquisition of Innovolt, a long-time customer, based right in Atlanta, is a perfect fit for East West. The Company has a deep understanding of the product and the market, and we expect Innovolt and its distribution partners to gain significant market share with the addition of East West’s global design, manufacturing and distribution capabilities.”

Founded in 2006 inside Georgia Tech’s ATDC technology incubator, Innovolt possesses a unique technology that provides its customers with solutions to decrease downtime associated with power disruptions.

Innovolt’s current and prospective customers, please continue to contact orders@innovolt.com for sales and support@innovolt.com for customer support.

About East West Manufacturing, LLC

Based in Atlanta, Georgia, East West is a global design, manufacturing and distribution services partner for original equipment manufacturers and distributors throughout North America and Europe. With domestic operations in Georgia, North Carolina and Massachusetts and international operations in Costa Rica, Vietnam, China and India, the Company utilizes a global design team, transparent supply chain, on-site quality control and flexible logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West offers its customers a differentiated breadth of onshore, nearshore and offshore design, manufacturing and distribution capabilities to serve the full spectrum of customer needs ranging from new product design to full scale production and distribution.

For more information please visit: http://www.ewmfg.com.

About Heritage Growth Partners LLC

Heritage Growth Partners LLC is an Atlanta-based private, family investment office creating long-term value for its family investors and company management team partners. Heritage takes an active approach to investing, with the goal of accelerating growth and performance through financial, strategic and operational assistance and increasing access to key customers and decision makers. For more information visit: http://www.heritagegrowth.com.

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