WAYNE, Pa.--(BUSINESS WIRE)--Guardian Capital Partners (“GCP”) announced that it has acquired a controlling interest in R&D Circuits (the “Company”) on April 29, 2011.
Headquartered in South Plainfield, New Jersey, R&D Circuits (www.rdcircuits.com) is a leading designer and manufacturer of advanced printed circuit boards used to test integrated circuits used in computers, servers, mobile devices and many other applications. Over the past 30 years, R&D Circuits has served its customers across the United States and globally in the semiconductor, telecom, aerospace, defense, medical and radio device markets.
James Russell, CEO and President of R&D Circuits said, “R&D has become a recognized leader in bringing enabling solutions to the test market.” The Company is growing substantially because it provides customers a proven offering of proprietary technologies, reliable products, short lead times and turnkey services. Russell added, “We are facing an exciting time for the Company and with the added experience, guidance and resources from GCP, we are well positioned to successfully execute and achieve our business strategy.”
Scott Evans, Managing Partner of GCP and lead for the R&D Circuits transaction added, “We were impressed with R&D’s accomplishments to date and the exceptional platform James Russell and the management team have established over the past several years. The Company is primed for growth, and GCP is thrilled to be partnering with James Russell to help capitalize on these opportunities.“
The law firm Duane Morris LLP advised Guardian Capital Partners. Citizens Bank provided senior debt financing for the transaction and Patriot Capital provided additional financing and minority equity. The management team of R&D Circuits also co-invested equity alongside GCP.
For more information about the transaction, contact Scott Evans at Guardian Capital Partners.
About Guardian Capital Partners (www.guardiancp.com)
Guardian Capital Partners is a private equity firm based in suburban Philadelphia that makes control investments in lower middle market manufacturing, consumer products and service companies. GCP partners with management teams to provide equity capital to lead leveraged buyouts, recapitalizations and divestitures of family-owned businesses and non-core divisions of larger corporations. The private equity experience and complementary skill sets of the GCP team provide a unique combination of operating and finance capabilities resulting in certainty of execution and meaningful long-term value creation for its portfolio companies. GCP targets companies with revenues between $15 million and $75 million.