REAG Advises Aragra Technologies on Strategic Acquisition of Siemens Manufacturing Co., Inc.

Lower middle market M&A Advisory firm supports repeat client’s continued growth in high-reliability electronics manufacturing

REAG, a lower middle market M&A advisory firm, served as buy-side advisor to Aragra Technologies on its acquisition of Siemens Manufacturing Co., Inc. (“Siemens Manufacturing”), an electronics contract manufacturer based in Freeburg, Illinois. The transaction closed on September 17, 2026, after a seven-month process from engagement to close. Financial terms were not disclosed.

Founded in 1963, Siemens Manufacturing specializes in printed circuit board assembly (PCBA) and box build, with capabilities that include surface mount assembly, conformal coating, and product testing. It operates three facilities, in Freeburg and New Athens, Illinois, and in Hermosillo, Mexico, and is not affiliated with Siemens AG. The company joins Aragra Technologies, a group of electronics contract manufacturers headquartered in Houston, Pennsylvania, that also includes Innovative Electronics Corporation, Ansen Corporation, and AB Electronics.

Why Aragra Technologies Was the Right Buyer

The sale was a retirement transition for Siemens Manufacturing’s owner, and the priority was finding the right home for the company: a buyer who would respect its loyal employees and long-term customers and build on what had already been established. Aragra fit that profile. Siemens Manufacturing will continue with the same name and the same team, now backed by the expanded resources of the Aragra group, and Aragra’s operational skills and industry knowledge position it to strengthen processes and drive growth.

For Aragra, the acquisition is the latest step in a deliberate growth strategy. It extends the group’s footprint into a new state and a new country while adding new customers and manufacturing capacity to a portfolio whose certifications and registrations include ISO 13485, AS9100D, and FDA registration. Aragra’s deep experience in electronics manufacturing services (EMS) also shaped the deal, as the team understood the challenges of the business and could see past the small issues that can make other buyers hesitate.

“Aragra has a clear vision for building a platform of high-reliability electronics manufacturers, and Siemens Manufacturing’s strong customer base makes it a natural fit,” said Jaclyn Ring, Director at REAG. “We’re proud to continue supporting the Aragra team as they grow.”

REAG’s Role as Buy-Side M&A Advisor

REAG supported Aragra with its proven buy-side process, using customized outreach to find the right opportunity. Throughout the deal, the team guided the relationship between buyer and seller, identifying what mattered most to the seller so the transaction could meet those goals while keeping Aragra’s objectives front and center.

“Jaclyn and REAG were critical in supporting the deal process through closing. They understood our priorities and helped guide the parties to reach mutual understanding and success,” said Akash Monpara of Aragra Technologies.

The transaction continues a long-standing relationship between the two firms. REAG previously advised the group, formerly operating as Innovative Electronics Corporation, on several acquisitions, including Ansen Corporation. Strategic acquirers with a clear platform thesis continue to pursue lower middle market electronics manufacturers that bring established customer relationships, specialized capabilities, and geographic reach, and EMS and PCBA remain a core focus for REAG. This transaction shows the value of an advisor who understands both a buyer’s growth strategy and what matters to the seller across the table.

For more information about REAG’s buy-side M&A advisory services, visit www.reag.com.

About Siemens Manufacturing Co., Inc.

Founded in 1963 and headquartered in Freeburg, Illinois, Siemens Manufacturing Co., Inc. is a contract manufacturer of electronic assemblies specializing in printed circuit board assembly and box build. Its services include surface mount assembly, conformal coating, and product testing. The company is known for its commitment to quality and attentive customer service and operates three facilities, in Freeburg and New Athens, Illinois, and Hermosillo, Mexico. Learn more at siemensmfg.com. Siemens Manufacturing Co., Inc. is not affiliated with Siemens AG.

About Aragra Technologies

Aragra Technologies is a group of American electronics contract manufacturers headquartered in Houston, Pennsylvania. Its portfolio includes Innovative Electronics Corporation (Pittsburgh, PA), Ansen Corporation (Ogdensburg, NY), AB Electronics (Danbury, CT), and Siemens Manufacturing Co., Inc. (Freeburg, IL). Together they give customers expanded manufacturing resources and high-reliability capabilities, with certifications and registrations including ISO 13485, AS9100D, and FDA registration. Learn more at aragra.com.

About REAG

REAG is a lower middle market M&A advisory firm whose purpose is to deliver winning outcomes for business owners by combining deep financial acumen, sector insight, and a human-centered approach. Serving companies with up to $250M in revenue and $25M in EBITDA across the United States, REAG provides M&A advisory, debt advisory, transaction readiness, and turnaround and restructuring services. With 100+ closed transactions across 25+ industries and 20+ years of experience, REAG pairs institutional-grade execution with real-time market intelligence, helping founders transform their life’s work into a lasting legacy.