#United States #Aurora #Amphenol #AdvancedPCB #IGP

Industrial Growth Partners Seals Deal for AdvancedPCB

In a strategic move that emphasizes the growing dynamics of the printed circuit board (PCB) industry, Industrial Growth Partners (IGP) has finalized a definitive agreement to sell AdvancedPCB Holdings, LLC to Amphenol Corporation (NYSE: APH). This acquisition, which awaits regulatory approvals in the U.S. and customary closing conditions, marks a significant step for both companies involved.

About AdvancedPCB

Founded in 1977 and headquartered in Aurora, Colorado, AdvancedPCB has established itself as a frontrunner in providing high-reliability PCB solutions specifically tailored for mission-critical applications. Serving a diverse array of markets including defense, aerospace, and various industrial sectors, AdvancedPCB operates six facilities across the United States, playing a crucial role in the growing demand for reliable electronic components.

Under the stewardship of IGP, which acquired AdvancedPCB in October 2021, the company underwent substantial transformations designed to enhance its commercial and operational capabilities. A key focus was placed on penetrating high-reliability end markets, ensuring that AdvancedPCB remains competitive amid evolving industry standards.

CEO Greg Halvorson noted, "IGP has been an exceptional partner to AdvancedPCB. Their support and long-term vision were instrumental as we developed an integrated company serving our clients under a unified brand. Through strategic investments in equipment and technology at a time of escalating demand, we have made substantial progress. This success is a testament to our dedicated employees, and we are excited about continuing this momentum as a part of Amphenol."

Future Prospects with Amphenol

Amphenol Corporation, recognized for its vast reach in electronics and interconnect markets, presents a ripe opportunity for AdvancedPCB's future growth. With its specialized capabilities in high-reliability PCBs, AdvancedPCB aligns naturally with Amphenol's strategic ambitions, particularly in expanding its presence in defense electronics and mission-critical applications.

Eric Heglie, Managing Partner at IGP, reflected, "From the outset, AdvancedPCB's technical expertise in complex PCBs made it an attractive investment opportunity for IGP. With several successful bolt-on acquisitions and ongoing investments in workforce and technology, AdvancedPCB today stands as a leading independent PCB supplier. We appreciate the hard work of Greg and the AdvancedPCB team, which has paved the way for further success with Amphenol."

A Look Back at the Journey

IGP's journey with AdvancedPCB since its acquisition has been characterized by strategic enhancements to the company’s program management, technical sales, and engineering resources. The focus on investing in manufacturing capacity and automation has resulted in significant performance improvements, which have solidified AdvancedPCB's position within its market sector as a leader among independent PCB manufacturers.

As the deal progresses through the necessary regulatory hurdles, the industry watches closely. The marriage between AdvancedPCB and Amphenol presents an exciting potential for innovation in the PCB sector, ultimately contributing to advancements in critical applications across various industries.

Conclusion

As the landscape of electronic component manufacturing continues to evolve, partnerships like that of IGP, AdvancedPCB, and Amphenol signify the commitment to quality, reliability, and innovation. This acquisition could set new benchmarks for operational excellence and technological advancement in the PCB domain, ensuring that companies remain competitive in an ever-demanding global marketplace.

Stay tuned as we follow each chapter in this unfolding story of industrial evolution and growth.