M&A Deal Summary

Willis Stein & Partners and CIVC Partners Acquire Advanced Quick Circuits

On May 1, 1994, private equity firms Willis Stein & Partners and CIVC Partners acquired electronics company Advanced Quick Circuits

Acquisition Highlights
  • This is Willis Stein & Partners’ 1st and CIVC Partners’ 1st transaction in the Electronics sector.
  • This is Willis Stein & Partners’ 15th and CIVC Partners’ 8th transaction in the United States.
  • This is Willis Stein & Partners’ 3rd and CIVC Partners’ 3rd transaction in Florida.
Investment Fate
  • Advanced Quick Circuits was sold to a strategic buyer in 1999.

M&A Deal Summary

Date 1994-05-01
Target Advanced Quick Circuits
Sector Electronics
Buyer(s) Willis Stein & Partners
CIVC Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Advanced Quick Circuits

Melbourne, Florida, United States
AQC was headquartered in Melbourne, FL, and manufactured multi-layer printed circuit boards for the defense and communications industries. The company worked closely with its customers to develop, modify and produce its products.

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Buyer(S) 2

Buyer

Willis Stein & Partners

Northbrook, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Willis Stein & Partners is a private equity firm focused on investing in growth-oriented, US-based, middle-market companies valued between $30 and $500 million. Prospective investment situations include buyouts, growth capital financings, corporate divestitures, industry consolidations, and generational changes in ownership. Sectors of interest include business services, consumer products and services, healthcare, manufacturing, media, and telecommunications. Willis Stein & Partners was formed in 1994 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 15 of 45
Sector: Electronics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 12
State: Florida M&A 3 of 7
Country: United States M&A 15 of 45
Year: 1994 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-02-01 Celutel

Annapolis, Maryland, United States

Celutel owned and operated the non-wireline cellular service providers in five metropolitan areas in Mississippi and Texas. Headquartered in Annapolis, MD, the company built the cellular infrastructure in its licensed markets and fostered subscriber growth.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-06-01 Premiere Page

Leawood, Kansas, United States

Premiere Page was formed by the Bank Fund in April 1990 to consolidate seven paging companies, five offering paging services throughout central and southern Illinois and two offering services in Alabama.

Sell -
Buyer

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 77
Sector: Electronics M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 32
State: Florida M&A 3 of 5
Country: United States M&A 8 of 73
Year: 1994 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 Sunbelt National Mortgage

Irving, Tennessee, United States

Sunbelt National Mortgage Corp. Provides Residential mortgages in US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-06-01 SRDS Media Information

Des Plaines, Illinois, United States

SRDS published 16 directories and offered three electronic products that provided comprehensive data on specifications and rates for advertising in print and broadcast media.

Buy -