Los Angeles, CA – Corridor Capital, together with Gladstone Capital Corporation (NASDAQ: GLAD) and the management of Circuitronics, Inc. (“Circuitronics” or the “Company”), announced today the December 2014 acquisition of Circuitronics.
Circuitronics is an Irving, TX based provider of specialized printed circuit board (“PCB”) assembly and related electronic manufacturing services (“EMS”). The Company offers a broad set of capabilities, including rapid prototype development, complex and ruggedized PCB assembly, system assembly and test, design for manufacturing and design for testing services, and end-of-life supply chain services. The Company serves customers in several demanding, industrial and energy end-markets, with a recognized specialization in high-mix, low-volume applications that have exacting quality requirements and/or complex layouts. Circuitronics has established itself as a regional leader by flexible, customized solutions for high quality products with exceptional customer service.
Corridor believes that with the benefit of its deep strategic, operational and financial engagement, Circuitronics is ideally poised to further accelerate its growth and expand its differentiated electronic manufacturing service capabilities. Corridor expects to support continued growth at the Company through further investment in sales, marketing and technology resources, as well as entering new markets and service offerings organically and through add-on acquisitions.
“We are excited to partner with the strong team at Circuitronics. They have deep industry experience at all levels of the organization and a clear strategic vision,” said Corridor CEO, Craig Enenstein. “We have been particularly impressed with their ability to provide the technological capabilities and quality of a large tier one EMS supplier while maintaining an exceptional level of customer service and flexible production capacity.”
“Circuitronics’ growth and success have been a function of our highly talented workforce and unwavering commitment to treating all our stakeholders from customers to vendors as true partners. We are delighted to continue our exceptional growth and expand our high-quality service offering with a strategic partner that will bring capital, operational resources and a shared commitment to building a best in class supplier to our valued OEM partners,” said Karl Berger, the Company’s CEO. “Corridor has a long- standing commitment to investing in niche manufacturing leaders like Circuitronics and we are excited to work with them to further expand on our position as a successful institution in the specialty EMS market.”