CLEVELAND and DALLAS, January 19, 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 Advanced Tooling Design, Inc (“ATD”).
ATD designs and manufactures stencils, tooling, fixtures and related accessories used in the electronics assembly industry, with applications across a diverse range of end markets. Headquartered in San Jose, California, ATD expands StenTech’s facility footprint into California, the largest market for stencil and pallet manufacturing in the United States. ATD was Co-Founded in 2009 by Vicki Hamada and Kiet Vo.
“We were looking for a partner who shared our commitment to SMT manufacturing excellence,” said Vicki Hamada, President and CEO of ATD. “A combination with StenTech will carry on ATD’s rich legacy while ensuring our customers continue to benefit from our intense focus on customer service while gaining access to the expanded resources and facility footprint of the broader StenTech platform.”
“This acquisition is an important strategic step forward in the growth and evolution of StenTech. I’m thrilled to be joining forces with the team at ATD,” said Brent Nolan, President & CEO of StenTech. ACP Managing Partner Chris Jones commented, “We expect this to be the first of many growth opportunities for Stentech and we look forward to supporting the Company through continued investments in technology, sales and operating resources.”
ACP acquired StenTech in May of 2022 and this transaction marks the first add-on for the Company. Vice President James Moss and Senior Associate Scott Robbins worked alongside Mr. Jones on the transaction.