HCAP Partners has made a strategic investment in IND, Inc. to support its growth and expansion in the semiconductor services market.

Information on the Target

IND, Inc., headquartered in Vancouver, Washington, is a leading provider of essential cleaning, coating, refurbishment, and ancillary services used in the semiconductor equipment manufacturing industry. Founded in 2005 by Jonathan Lovegrove, IND has transformed from a robotics refurbishment business into a comprehensive service provider, leveraging proprietary technology to optimize semiconductor manufacturing processes. The company's Global Management System (GMS) ensures full traceability and process control across its operations, allowing it to effectively support global manufacturers in extending component lifetimes, reducing downtime, and maintaining superior production environments.

Under the leadership of Founder and CEO Jonathan Lovegrove, IND has established itself as a reliable partner within the semiconductor supply chain. It focuses on providing high-quality, specialized services backed by innovative software solutions, reflecting strong relationships with both long-standing and new industry clients.

Industry Overview in the United States

The semiconductor industry is a vital component of the U.S. economy, underpinning technological advancements across various sectors, including electronics, automotive, and telecommunications. As of 2023, the U.S. semiconductor market has experienced substantial