A Los Angeles-based private investment firm says it’s acquired an electric parts manufacturer that has a presence in Wallingford.
Angeles Equity Partners LLC on Tuesday announced it acquired APCT Inc., which produces quick-turn printed circuit board (PCB) prototypes for companies supporting the aerospace, defense and industrial industries, for an undisclosed amount. The seller is Saugatuck Capital.
A factory on Quinnipiac Street in Wallingford is one of four manufacturing plants APCT owns. The other three are in California.
APCT is a relative newcomer to Wallingford. It acquired the former Tech Circuits there in 2016 for an undisclosed price. At the time, APCT said it needed more capacity due to growth of its Silicon Valley factory, according to Printed Circuit Design & Fab.
The investment firm said it intends to work with APCT to pursue additional acquisitions and expand its global manufacturing footprint, among other functions.
“We believe a great future lies ahead for APCT – and Angeles is the right partner to help accelerate our growth trajectory through technological innovations and strategic acquisitions,” said APCT CEO Steve Robinson.
