O2 Investment Partners announced that Flip Electronics, an authorized specialty distributor of obsolete electronic components to customers across the U.S. and internationally, has acquired Resurgent Semiconductor.
Resurgent Semiconductor (“Resurgent” or the “Company”), founded by Duker Dapper in 2015 in Scotts Valley, CA, is a leading provider of extended manufacturing for previously obsolete or end-of-life (“EOL”) semiconductor components. The acquisition will enhance Flip’s services and solutions portfolio to accomplish Flip’s mission of “Making Obsolescence Obsolete.”
Bill Bradford, President of Flip Electronics, stated, “This is a significant milestone in our history and growth plans. Component obsolescence is one of the major challenges facing manufacturers of legacy equipment. The addition of Resurgent’s extended manufacturing services vastly expands Flip’s offering of end-of-life solutions, allowing us to support customers well beyond their last-time buy dates.”
“The combination of Flip’s financial resources, sales reach, and current authorized supplier relationships will provide a powerful platform from which to grow and scale Resurgent’s business,” said Duker Dapper, founder of Resurgent Semiconductor. “With proven manufacturing capabilities and business model, Resurgent can leverage Flip’s knowledge to provide win-win solutions for both our suppliers and their customers in EOL situations.”
Joe Vallee of O2 Investment Partners commented, “Resurgent’s service offering is highly complementary to Flip’s business model. The partnership will significantly strengthen our value proposition to customers and authorized suppliers. Furthermore, our values and mission are closely aligned with those of the Resurgent team, so we couldn’t be happier to welcome them to Flip Electronics.”