#USA #Vancouver #Semiconductor #HCAP Partners #IND Inc

HCAP Partners Invests in IND, Inc.

In a move set to boost the semiconductor industry, HCAP Partners, a private equity firm based in California, has announced its investment in IND, Inc. This leading company specializes in critical cleaning, coating, refurbishment, and ancillary services utilized in semiconductor equipment manufacturing. With this investment, HCAP aims to support IND's management team in buying out the majority shareholder and simultaneously provide necessary capital for facility expansions and working capital, ensuring ongoing growth with current and prospective customers.

Founded in 2005 by Jonathan Lovegrove and based in Vancouver, Washington, IND, Inc. has transformed from a robotics refurbishment firm into a comprehensive provider of essential services for the semiconductor sector. Its proprietary Global Management System (GMS) allows for complete traceability and control throughout the cleaning and coating processes, a critical factor for manufacturing high-quality semiconductor components. By collaborating with leading manufacturers, IND has established itself as a key player in prolonging component lifespans, reducing production downtime, and guaranteeing optimal production environments.

Tim Bubnack, Managing Partner at HCAP Partners, expressed appreciation for IND’s role within the semiconductor supply chain, highlighting its dedication to high standards of service backed by its proprietary software platform. “The company's ongoing relationship with long-standing customers and its recent partnerships with industry leaders in advanced manufacturing and next-gen AI technologies demonstrate the robustness of its market capabilities,” said Bubnack. HCAP is excited to collaborate with Lovegrove and his experienced team in this new growth phase.

Jonathan Lovegrove, the Founder and CEO of IND, reassured that the company intends to leverage this partnership to enhance precision, transparency, and reliability in its service offerings. The investment will allow IND to continue its focus on engineering and data-driven process controls, positioning the company to better support the rapidly evolving semiconductor manufacturing demands.

HCAP's investment team for this transaction included Tim Bubnack and Chenjing Wang, supported by Bekhruz Nuriddinov. Further insights were provided by HCAP Operating Advisor Luis Machuca, who will join IND's Board of Directors to contribute to strategic oversight and governance.

HCAP Partners is recognized for its effective investment approach in the underserved lower-middle market sector throughout the U.S. The firm typically invests between $5 million to $35 million in established businesses generating annual revenues of $10 million to $100 million, focusing on industries such as healthcare, software, services, and manufacturing.

Since its inception, HCAP has invested in over 65 companies. Its active engagement strategy not only helps optimize companies' performances but also increases their overall enterprise value. As an investor committed to making a positive impact, HCAP has been recognized as an ImpactAssets 50 fund every year since 2014 and has been a founding member of the Global Impact Investing Network.

Strategies like the Gainful Jobs Approach™ illustrate HCAP's mission to positively influence underserved businesses and their communities.

For additional details about HCAP Partners, visit www.hcap.com. Additionally, IND Inc.'s mission-critical services focus on critical parts cleaning, coatings, electro-mechanical assembly refurbishment, and comprehensive consulting for semiconductor device manufacturers and wafer fabrication equipment markets. The company is renowned for its ISO9001 and ISO14001 certifications, ensuring consistency and quality in its operations across the sector.