Charlesbank has sold OnCore Manufacturing to NATEL Engineering
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce the sale of OnCore Manufacturing, LLC (“OnCore” or the “Company”) to NATEL Engineering Company (“NATEL”). The Company was a portfolio holding of Charlesbank Capital Partners (“Charlesbank”), a private investment firm based in Boston and New York. Terms of the transaction were not disclosed.
OnCore is a leading provider of product commercialization services for low-medium volume, high-complexity products to international blue-chip aerospace and defense, industrial and medical companies. With manufacturing facilities in Springfield and Wilmington, Massachusetts; Longmont, Colorado; San Marcos and Fremont, California; Suzhou, China and Tijuana, Mexico, OnCore manages customers’ high-complexity products while providing them maximum flexibility to manage their businesses in a close, collaborative relationship. More information is available at www.oncorems.com.
Michael Choe, Managing Director at Charlesbank, added, “Lincoln’s unparalleled expertise in the EMS industry was critical in helping to facilitate the closing of this transaction. Charlesbank and the stakeholders of OnCore benefited greatly from their efforts and knowledge.”
Lincoln acted as the exclusive sell-side advisor to Charlesbank and the Company, working closely with the management team and shareholders throughout the sale process. This included providing advisory services and managing the discussion, due diligence and negotiation phases of the transaction.
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