Lincoln Partners Represents Micro Dynamics Corp. in a Majority Sale to CHB Capital Partners
Eden Prairie, Minnesota - Micro Dynamics Corporation ("Micro Dynamics"), a premier provider of innovative electronic manufacturing services ("EMS"), has sold a majority interest to CHB Capital Partners ("CHB"), a Denver based private equity firm. Lincoln Partners initiated this transaction, assisted in the negotiations, and served as the lead financial advisor to Micro Dynamics. The terms of the transaction were not disclosed.
Headquartered in Eden Prairie, Minnesota, Micro Dynamics Corporation delivers a wide range of end-to-end value added services to original equipment manufacturers ("OEMs") in the medical, communications, computing, industrial, aerospace and military markets. Due to its strong regional reputation and successful strategy of targeting a diverse group of stable end-markets, Micro Dynamics has achieved consistent revenue and earnings growth year over year. The company operates from three facilities located in the Minneapolis, Minnesota region; two in Montevideo and one in Eden Prairie.
Lincoln Partners marketed Micro Dynamics to a select group of financial and strategic acquirers. The process resulted in several attractive offers at above-average valuation multiples, from both private equity groups and strategic acquirers. At the end of the day, the shareholders elected to partner with CHB Capital and will maintain minority ownership in the business.
"This partnership is the cornerstone of our future plans," said Mike Brown, President of Micro Dynamics. "We have grown the company at a compound annual growth rate of 20% over the last twelve years and are more than doubling that growth rate in 2004. We look to our partnership with CHB to take us to the next level and allow us to continue the successful execution of our service offerings."
About Micro Dynamics
As a full service Electronics Manufacturing Services provider since 1981, Micro Dynamics Corporation delivers a wide range of end-to-end value added services to OEM customers in medical, communications, computing, industrial, aerospace and military markets. The company's service offering includes turn-key supply chain management, design & engineering services, prototyping, comprehensive manufacturing from board level to finished goods, test and inspection, systems integration, fulfillment and post manufacturing services. Micro Dynamics has multiple plant locations and is ISO 9001:2000 certified.
About CHB Capital Partners
Based in Denver, Colorado, CHB Capital Partners is a private equity investment firm that specializes in closely held and family owned companies. The firm focuses on ownership transactions and sustained growth. It seeks to invest in companies with annual revenue starting at $20 million and prefers that management maintain a minority interest.
About Lincoln Partners LLC
Lincoln Partners is the second largest investment bank headquartered in Chicago, specializing in middle-market mergers and acquisitions, private capital raising and financial recovery for global clients. The firmï¿½s fundamental commitment is to complete assignments on the best terms for clients - committing hands-on attention, ingenuity and significant expertise to every transaction. Lincoln Partners' industry expertise includes aerospace/defense, consumer products, electronics, food products, general industrial and building products, and transportation equipment.