Crestview Partners, a private equity firm, completed the acquisition of Emerald EMS, a provider of electronics manufacturing services, from New Water Capital, an investment manager. Financial terms were not disclosed. "We believe Emerald is well positioned to benefit from long-term secular tailwinds in digitization, industry 4.0 and 5G, which are driving higher levels of electronic content and product sophistication across industries as devices become more interconnected and generate increasing quantities of data. These rapid electronification tailwinds are driving increased demand for Emerald's solutions, which we expect will continue for years to come. With increased scale and investment, we believe Emerald can further enhance its services, capabilities and solutions to become an even more value-added partner to its customers," Bradford Williams, Crestview Principal.