IMG Acquires Applied FusionMay 29, 2018
LIVERMORE, Calif., May 29, 2018 IMG Companies LLC (IMG), an Addison Capital Partners portfolio company, is pleased to announce the expansion of the company's capabilities and customer base with the acquisition of Applied Fusion Inc. (AFI), located in San Leandro, California. For customers, vendors and other supply chain partners, this is a seamless transaction as personnel and core capabilities remain intact at AFI.
“Drawing on best practices and the partnership created with management teams of both AFI and IMG, this business combination provides a unique opportunity to vertically integrate, deliver sustainable value to current customers and expand the possibilities with both current and new customers,” said AFI CEO Jeff Musgrove.
“AFI is an engineering-driven manufacturer of critical welded machined components with a well-established organizational culture of quality assurance, reliability and continuous process improvement, and expressly fits our corporate development strategy,” said IMG CEO Kam Pasha. “The integration of electron beam and laser welding, together with close tolerance precision machining, provides our customers with a more efficient manufacturing resource in the verticals we service.”