MCM Capital Partners has sold STACI to Centre Lane Partners
Lincoln International (“Lincoln”), a leading independent mid-market investment bank, announced that STACI Corporation (“STACI” or the “Company”), a portfolio company of MCM Capital Partners (“MCM”), has been sold to Centre Lane Partners.
STACI is a leading global provider of electronic manufacturing services (“EMS”) and custom engineered products. The Company’s unique operating model blends world-class domestic and Asian EMS with value-added interconnect and electromechanical component engineering and sourcing. The Company’s complete turnkey solutions include front-end consultative engineering, prototype circuit board development, high-quality manufacturing, vendor quality assurance and logistics services. STACI operates manufacturing facilities in Ohio and China.
Lincoln acted as the exclusive financial advisor to STACI, working closely with the Company’s management team and shareholders throughout the sale process. Lincoln’s role included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
Jay Poffenberger, Managing Director at MCM, commented, “Through its aggressive global marketing effort, access to key decision makers and execution expertise, Lincoln created an outstanding outcome for the Company’s shareholders. Moreover, as a result of Lincoln’s collaborative approach with management, STACI found an exceptional partner to continue its strong growth trajectory. This transaction was a fantastic outcome for our fund, as well as the STACI management team and its employees.”
Dennis Docherty, Chairman and CEO at STACI, added, “Lincoln’s unique insights and deep understanding of our business model, drawn from the firm’s extensive experience in the EMS space, allowed them to share our story and value proposition in a compelling manner.”
About MCM Capital Partners
MCM is a micro-cap private equity firm focused on acquiring niche manufacturers, value-added distributors and specialty service companies. MCM is dedicated to achieving superior risk-adjusted returns by investing in companies with competitive advantages operating in markets likely to experience long-term growth. The firm believes shareholder value is created through fostering organic growth, driving operational excellence, providing access to capital and enhancing the depth and strength of management teams. MCM leverages its experience and network of contacts and advisors to foster an environment of sharing best practices and driving continuous improvement amongst the firm’s portfolio companies.
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