Exit Strategies Sells Advanced Components Technology to Strategic Acquirer
Exit Strategies is pleased to announce the sale of Redwood City-based Advanced Components Technology, Inc., a contract manufacturer of precision sheet metal enclosures, machined parts and electro-mechanical assemblies to medical equipment, automotive, defense, lighting and instrumentation OEM’s operating in Silicon Valley. ACT has been a preferred supplier to Keysight Technologies, HP and Agilent for many years, and is a Tier 1 supplier to Tesla Motors. ACT provides quick-turn prototypes, with extensive DFM support, and low to moderate production volumes.
The acquirer, METALfx, provides precision metal fabrication to a variety of customers and markets from its 125,000 square foot Northern California facility. For METALfx, the acquisition is both synergistic and accretive. Deal terms are confidential.
Exit Strategies Group, Inc. initiated the transaction, served as exclusive M&A advisor to ACT, and negotiated the sale. In our confidential marketing process, we targeted synergistic industry operators desiring to increase market share, add volume or talent, fill capacity, vertically integrate, develop new markets, or diversify products or customer base. This transaction adds to Exit Strategies’ 14-year record of successful M&A deals.
Today’s market for contract manufacturing businesses is robust, driven by economic expansion, abundant buyer capital, low interest rates and market consolidation. Company owners considering a sale in the next few years should start now.
Exit Strategies advises business owners through the entire M&A sale process, including valuation, offering memorandum preparation, identifying and contacting target buyers, negotiations, due diligence management and facilitation of tax and legal counsel. If you are considering a sale, merger or acquisition, contact Al Statz at 707-778-2040 to discuss how Exit Strategies can help. As always, our discussion will remain confidential.
