Fawn Industries has sold the EMS assets of Fawn Electronics to ACDi

Lincoln International, a leading global mid-market investment bank, has announced that Fawn Industries, Inc. has sold the EMS assets of Fawn Electronics (“Fawn” or the “Company”) to American Computer Development Inc. (“ACDi”). The terms of the transaction were not disclosed.

Fawn is a provider of high mix, complex electronics manufacturing services (“EMS”) to a wide range of customers in the Southeast region of the United States. The Company serves customers in high growth industries such as medical, nuclear energy, industrial controls, energy management, office automation, security, and transportation.

The Fawn operation brings a number of new capabilities to ACDi. The facility is certified to build nuclear products and also has expertise in the medical industry, outstanding capabilities for cables and harnesses, state of the art auto insertion equipment for thru hole printed circuit board (“PCB”) assembly, and bed-of-nails integrated circuit test capabilities. On the flip side, ACDi has capabilities that will help expand the Nashville operation, including an International Traffic in Arms (“ITAR”) registration to support manufacturing of defense-related equipment, in-house design services, and a state-of-the-art flying probe tester.

Lincoln acted as the exclusive financial advisor to the Company, working with the senior management team throughout the sale process. This included providing advisory expertise and assisting in the negotiation and due diligence phases of the transaction.

About Fawn Electronics

Founded in the mid-1970s Fawn is a full service EMS provider that builds approximately 200 types of assemblies/products for its customers. The Company provides card level and box build assembly capabilities. The Company operates from a facility located about 50 minutes from Raleigh, North Carolina. The facility is approximately 47,000 square feet and houses printed circuit board assembly, box build, cable and wire harness assembly, and testing services. The Company is ISO 9001:2000 certified, has ITAR registration and utilizes brand-new state-of-the-art equipment. About ACDI (American Computer Development, Inc.) ACDi is a full service EMS firm providing a broad range of contract engineering and manufacturing solutions for many of the world’s leading technology OEMs and US Government Agencies.

With manufacturing facilities in Maryland and North Carolina, and headquartered in Frederick, Maryland, ACDI is the state’s largest Contract Manufacturing organization. ACDi supports OEMs in major industries within four primary Sectors including: Industrial/Commercial, Wired and Wireless Networking, Medical, and Government/Defense/Security. ACDi is ISO 9001:2008 certified and ITAR registered, and builds to J-STD-001 Class 2, or 3 standards. ACDi focuses on providing advanced solutions to the most challenging manufacturing needs – offering services that include: Complex PCB Layout Design, Proto, NPI, Short-Run, and full Volume Production services, Complex PCB Assembly, Chassis and Box-Build Assembly, Integration and Configuration, Test Solutions, and Direct Order Fulfillment. For more information please visit the company’s website at www.acdi.com.

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