Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation, announced the sale of APCT, Inc. (“APCT”) to an affiliate of Industrial Growth Partners (“IGP”). APCT is an integrated manufacturer of complex, quick-turn printed circuit board (“PCB”) prototypes headquartered in Silicon Valley. APCT delivers industry-leading turnaround times and technical solutions for new product development and specialty low-volume niche production programs to aerospace and defense, industrial, and medical companies. Offshore production management services are provided through its Global division. The financial terms of the transaction were not disclosed.

“We are proud of what we have accomplished with CEO Steve Robinson and the entire APCT team,” said Timothy Meyer and Jordan Katz, Co-founders and Managing Partners of Angeles Equity Partners. “The strategic and operational transformation we executed is a testament to the Angeles value creation model and another example of our ability to partner with management teams to build exceptional industrial businesses.”

APCT is a critical supplier to the American electronics sector, with locations near the nation’s leading technology innovation centers in Silicon Valley, Southern California, and Connecticut. APCT’s distinctive capabilities are designed to deliver leading cycle times, world-class quality, robust engineering collaboration, design for manufacturability, and comprehensive global program management.

“It has been an incredible journey growing and transforming the business with the support of Angeles. Together, we strategically repositioned APCT to better serve key end markets and executed several impactful operational initiatives to accelerate growth and expand margins. Our entire team is thrilled by all we have accomplished during our partnership with Angeles,” said Steve Robinson, CEO of APCT. “We believe a great future lies ahead for APCT and look forward to our new partnership with IGP.”

Jefferies LLC and Massumi + Consoli LLP served as financial and legal advisors, respectively, to Angeles and APCT in the transaction.