CLEVELAND and DALLAS, August 22, 2023 | Align Capital Partners (“ACP”) is pleased to announce its portfolio company StenTech (the “Company”), a leading provider of surface mount technology (“SMT”) stencils, pallets, tooling and related components, has acquired Photo Etch Technology (“Photo Etch”).
Photo Etch (together with its affiliate Utz Technologies) manufactures SMT stencils, mesh screens and parts for OEM and contract manufacturing customers across its current facilities in four U.S. markets. In terms of strategic fit, Photo Etch deepens StenTech’s existing presence in Silicon Valley and New England, while adding new geographic reach into Florida via its Clearwater operation.
“We were looking for a partner who could continue providing our customers with the quality of service they deserve,” said Lisa Guidi, Owner and Chief Financial Officer of Photo Etch. “Having worked closely with StenTech’s leadership over the past several months, I am confident they will honor our company’s important legacy while providing our customers with access to additional resources through the StenTech platform.”
“I am thrilled to be joining forces with the team at Photo Etch,” said Brent Nolan, President & CEO of StenTech. “This acquisition represents StenTech’s continued growth and innovation, and we are excited by the opportunity to serve Photo Etch’s customers.”
“The Photo Etch transaction represents further validation of our growth thesis for StenTech,” commented ACP Managing Partner Chris Jones. “In addition to future M&A, we look forward to continuing to support the Company through on-going investments in people, processes and technology.”
ACP acquired StenTech in May of 2022 and this transaction marks the second add-on for the Company. Vice President James Moss and Associate Ben Bryles worked alongside Mr. Jones on the transaction.