HIG Capital completed the acquisition of SMTC, a global electronics manufacturing services provider, from Red Oak, a provider of joint venture financing and investment solutions, for $170m. “This investment provides SMTC Corporation with a long-term partner with an extensive track record of supporting its portfolio companies with operational expertise, technology, financial management and M&A experience. Together, we believe we can capitalize on strategic growth opportunities, while continuing to meet the needs of our customers by delivering high-quality, innovative solutions and services,” Edward Smith, SMTC President and Chief Executive Officer.