Main Street Capital Holdings has sold Hi-Rel Group to Pacific Aerospace & Electronics
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Main Street Capital Holdings, LLC has sold Hi-Rel Group, LLC (“Hi-Rel” or the “Company”) to ShoreView Industries, merging the Company with Pacific Aerospace & Electronics and Litron to form Hermetic Solutions Group. Terms of the transaction were not disclosed.
With facilities in the U.S., Canada and the U.K., Hi-Rel is a leading global provider of component solutions for the hermetic microelectronic packaging industry. The Company provides a necessary enabling technology for the manufacture of hermetically sealed electronic components, which are used to support high-reliability, mission-critical devices and systems. Hi-Rel’s products include hermetic packaging lids, ring frames, brazing alloys, thermal management products, getter assemblies, as well as other products and services for the aerospace, defense, optical networking, medical and energy industries. For more information, visit www.hirelgroup.com.
Lincoln acted as the exclusive investment banking representative for Main Street Capital Holdings, LLC and Hi-Rel, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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