HCl Equity Partners’ Suntron Corporation has sold its embedded computing solutions business to Axiomtek

Lincoln International, a leading global mid-market investment bank, has announced that Suntron Corporation, a portfolio company of HCI Equity Partners (“HCI”), has sold its Embedded Computing Solutions business unit (“ECS” or the “Company”) to Axiomtek Co., Ltd. (“Axiomtek”).

Based in Methuen, MA, ECS is a leading provider of modified commercial-off-the-shelf based end-to-end outsourcing services from embedded designs to systems integration including extended life-cycle management. Axiomtek, with more than 700 employees worldwide and operations in five countries, is a global provider of industrial computers. Axiomtek has further committed itself to the embedded systems marketplace with its acquisition of ECS.

“With the added experience and skill set of ECS, we are now poised to provide our customers with a portfolio of robust industrial computing products along with outsourcing services anchored by operational excellence,” said YT Yang, CEO and President of Axiomtek. “It is a perfect match.” The ECS operations will be renamed Axiomtek Systems and will remain in its current ISO 9001-certified Methuen, MA facility.

Lincoln International acted as the exclusive financial advisor to HCI and Suntron Corporation, working closely with the company’s management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Doug McCormick, a Co-Founder and Managing Partner at HCI, commented, “Lincoln’s commitment to this transaction and access to global strategic acquirers resulted in a successful outcome for HCI, Suntron Corporation and ECS management.” Ed Wheeler, Suntron Corporation’s Chief Executive Officer added, “The Lincoln team was diligent throughout the process, resulting in a fantastic outcome for all parties.”

About Suntron Corporation

Suntron delivers complete manufacturing services and solutions for high reliability products used in safety and mission critical, and productivity and monitoring devices for the aerospace and defense, medical, industrial, networking and telecommunications, and semiconductor capital equipment markets. Suntron provides engineering services, printed circuit board assembly, box build, large scale assembly, and testing services. Headquartered in Phoenix, Arizona, Suntron operates full service facilities in Arizona, Massachusetts and Tijuana, Mexico. For more information about Suntron capabilities: www.suntroncorp.com.

About HCI Equity Partners

HCI Equity Partners is a private equity firm which invests in growth oriented industrial product and service companies. The members of the Firm partner with owners and managers, with a focus on assisting with operational improvements and supporting growth initiatives. Led by an experienced, cohesive team with a proven strategy of adding value to industrial product and service growth companies in the lower middle market, HCI Equity Partners is known to be an exceptional partner and resource to management teams. More information about HCI Equity Partners can be obtained at www.hciequity.com.

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