Align Capital Partners has acquired StenTech, the leading provider of surface mount technology stencils, pallets, tooling, and related components to more than 2,000 customers across North America.
StenTech has grown from a single location in 1999 to become a key partner in the supply chain for the semiconductor and electronics manufacturing industries. Stencils play an essential role in the SMT manufacturing process as customized, high impact products which are mission-critical to customers’ operations. StenTech’s brand is anchored by its commitment to customer service and technical expertise, and the Company’s ability to provide finished stencils with industry-leading turnaround times.
As part of the transaction, Sibthain “Sip” Akbar will step down as President of StenTech and will transition to the Company’s Board of Directors. Sip will be succeeded in the President role by Brent Nolan, current Vice President and long-time industry leader. Both executives will remain shareholders of the business.
ACP’s investment in StenTech represents the first institutional capital in the business since the Company’s founding in 1999. “ACP is thrilled to partner with Brent and the StenTech team to build upon the Company’s leadership position,” said ACP Managing Partner Chris Jones. “As a growth investor, we’re excited about the opportunity to invest in StenTech’s commercial and operational capabilities in support of the Company’s already strong position as a supply chain partner of choice to Tier 1 contract manufacturers and OEMs across North America”.
Operating Partner Dave Tiley, Vice President James Moss, and Associate Scott Robbins worked alongside Mr. Jones on the transaction. StenTech was advised on the transaction by Torkin Manes LLP, while ACP was advised by Calfee, Halter & Griswold LLP.
