Troy-based NAI Group, a company that specializes in engineering and manufacturing of high-performance interconnect solutions for industrial technology, medical, and telecommunications applications, has acquired Illinois-based KSM Electronics (KSM).
This acquisition is designed to deliver new aerospace and defense capabilities and strengthen NAI’s position in the industrial technology and medical markets. Terms of the deal were not disclosed.
KSM is a producer of cable and wire harness assembles and electromechanical/box builds. The addition of KSM’s manufacturing locations in the United States and Mexico is expected to support NAI’s plan for continued growth.
“NAI is the ideal partner to help KSM accelerate growth alongside our customers, and we are thrilled to begin this next chapter together,” says Josh Salcedo, co-owner and COO of KSM. “We look forward to leveraging our combined footprint and resources to better serve our customers and strengthen our commitment to customer satisfaction.”
In other news, NAI has appointed Brian Strauss as CEO. He brings more than 30 years of experience in global manufacturing and process industries and will focus on driving organic growth, while continuing to assess strategic acquisitions.
Strauss most recently served as president and CEO at Associated Materials in Ohio. The company is a manufacturer and distributor of exterior building products for residential and commercial remodeling and new construction markets. Strauss also served as the president and CEO at the Henry Co. in Indiana. He also held leadership roles with Tyco and Honeywell.
“NAI is a leader in the manufacturing of advanced high-reliability interconnect solutions, and I am delighted to join NAI’s team to help execute on the company’s vision and strategy,” says Strauss. “I look forward to building upon the company’s strong foundation. The KSM acquisition is an exciting complement to the existing NAI business. The collective footprint, certifications, engineering expertise, and manufacturing capabilities will allow the combined company to better serve an expanded customer base with new products and services.”
