High Desert Capital and Flō Networks completed the acquisition of a majority stake in Tecma.

High Desert Capital, a provider of innovative capital solutions, and Flō Networks, a digital infrastructure service provider, completed the acquisition of a majority stake in Tecma, a provider of manufacturing support services. Financial terms were not disclosed. "We are thrilled to be partnering with the premier provider of shelter services in Mexico. Alan and his team have built a truly unique and mission-critical business that helps its global base of customers navigate the complexities of manufacturing in Mexico with maximum flexibility and certainty. We are honored to partner with Alan and his team to bring additional resources to further tech-enable and automate the business that will allow for improved operational visibility for Tecma clients. We are also excited to bring our technology solutions to bear given some of the customer crossover between our companies," Miguel Fernandez, Flō Networks CEO.