Industrial Growth Partners (IGP), known for its strategic investments in niche industrial companies, has recently announced the acquisition of APCT, a leading designer and manufacturer of advanced technology printed circuit boards (PCBs). This partnership marks a significant step for both firms, combining IGP’s investment expertise with APCT’s specialized manufacturing capabilities to fuel further growth in critical industrial sectors.
APCT, headquartered in Santa Clara, California, specializes in low volume, high mix PCB production, catering to industries with stringent requirements such as aerospace & defense, medical, and data centers. Their expertise encompasses multi-layer rigid, high-density interconnect (HDI), rigid-flex, and flexible circuits. The company’s reputation is built on its ability to deliver quick-turn prototypes and low-volume production, essential for applications demanding North American-based manufacturing due to security, intellectual property concerns, or rapid turnaround needs. APCT distinguishes itself through technical proficiency, a consultative engineering approach, and a comprehensive portfolio of complex, advanced PCB technologies.
According to Steve Robinson, CEO of APCT, Industrial Growth Partners’ deep understanding of APCT’s core markets and products, stemming from their prior and current investments, makes them the ideal collaborator. He stated, “The entire APCT team is enthusiastic about partnering with IGP and leveraging their resources for both strategic and operational support as we aim to further expand and strengthen our business. IGP’s expertise and proven successful history positions them as the perfect partner as we embark on our next growth phase.”
The acquisition, finalized on October 5, 2021, represents the twelfth platform investment for Industrial Growth Partners V, L.P., and was made in collaboration with management and select external investors. This strategic move is set to empower APCT to accelerate its growth trajectory by aggressively pursuing key strategic initiatives. The investment aligns perfectly with IGP’s investment philosophy, which focuses on market-leading niche industrial businesses demonstrating substantial growth potential and possessing exceptional management teams. For more detailed information about APCT and its capabilities, please visit www.apct.com.
