M&A Deal Summary

StenTech Acquires Photo Stencil

On December 21, 2017, StenTech acquired semiconductors company Photo Stencil from Kachi Partners and J2 Partners

Acquisition Highlights
  • This is StenTech’s 1st transaction in the Semiconductors sector.
  • This is StenTech’s 1st transaction in the United States.
  • This is StenTech’s 1st transaction in Colorado.

M&A Deal Summary
Date 2017-12-21
Target Photo Stencil
Sector Semiconductors
Buyer(s) StenTech
Sellers(s) Kachi Partners
J2 Partners
Deal Type Add-on Acquisition

Target

Photo Stencil

Golden, Colorado, United States
Photo Stencil LLC is a manufacturer of stencils, screens, and squeegee blades used in the assembly of printed circuit boards. Photo Stencil's industry-leading AMTX electroformed stencils are used to apply solder paste in the dense circuit board designs that are increasingly demanded by consumers, aerospace, and military electronics. Photo Stencil was founded in 1979 and is based in Golden, Colorado.

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Buyer(S) 1

Buyer

StenTech

Markham, Ontario, Canada
Category Company
Founded 1999
Sector Manufacturing
DESCRIPTION

StenTech is a manufacturer of stencils and related custom products for applications in electronics and SMT manufacturing across North America. The Company is a critical supply chain partner serving more than 2,000 customers, including leading OEMs and Tier 1 contract manufacturers. It has the geographic reach and technical expertise to be a thought partner to customers, delivering high-quality components with minimal lead times required. StenTech was founded in 1999 and is based in Markham, Ontario.

DEAL STATS #
Overall 1 of 3
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Colorado) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Advanced Tooling Design

San Jose, California, United States

Advanced Tooling Design designs and manufactures stencils, tooling, fixtures, and related accessories used in the electronics assembly industry, with applications across a diverse range of end markets. Advanced Tooling Design was formed in 2009 and is based in San Jose, California.

Buy -

Seller(S) 2

SELLER

Kachi Partners

Boulder, Colorado, United States
Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Kachi Partners is a private equity firm that targets control investments in lower middle-market companies. Kachi looks to invest in manufacturing and distribution companies with $10 to $100 million in revenue and $2 to $6 million of EBITDA. Kachi prefers opportunities located in the Western US. Kachi Partners is based in Boulder, Colorado.

DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 2 of 2
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-23 Genesee Group

Portland, Tennessee, United States

Genesee Group is a custom fabricator and stamper of precision metal components used in a wide variety of industries, ranging from aerospace and automotive to telecom and consumer products. Genesee is best known for its engineering, tooling, and die manufacturing capabilities. Genesee Group was founded in 1997 and is based in Portland, Tennessee.

Buy -
SELLER

J2 Partners

Boulder, Colorado, United States

Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

J2 Partners is a private equity group focused on acquiring smaller companies operating in basic industries. J2 seeks opportunities in manufacturing, distribution and business services companies that are leaders in their defined markets. Prospective businesses are generally located in the Western United States and have $10 million to $50 million in enterprise value and in revenue at least $2 million to $10 million in operating cash flow. The Firm looks to fund management buyouts, recapitalizations, corporate divestitures, take privates, and succession sales. J2 Partners is based in Boulder, Colorado.

DEAL STATS #
Overall 3 of 4
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Colorado) 3 of 3
Country (United States) 3 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-05 eSoft

Broomfield, Colorado, United States

eSoft is an industry leader in providing better network security to small and medium-sized businesses. The company has developed the award-winning and unified threat management market-leading InstaGate and ThreatWall security appliances.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Jayco Manufacturing

Grand Prairie, Texas, United States

Jayco Manufacturing LLC is a manufacturer of specialty metal products. Jayco Manufacturing consists of three facilities which are engaged in the assembly, integration, and production of custom metal-formed components for a variety of manufacturers throughout the world. Jayco Manufacturing LLC was founded in 1995 and is based in Grand Prairie, Texas.

Sell -
Mergr

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