TSL Express Daily News

Lenthor Engineering, Inc. (“Lenthor” or the “Company”), has been acquired by Fralock Holdings, LLC (“Fralock”), a portfolio company of Arsenal Capital Partners (“Arsenal”). FocalPoint Partners, LLC ("FocalPoint") served as exclusive financial advisor to Lenthor. 

With roots dating back nearly 40 years, Lenthor has established itself as one of the foremost leading providers of flexible and rigid-flex printed circuits, microelectronic components, and Electronic Manufacturing Services (EMS) serving a wide range of mission critical and high reliability (“Hi-Rel”) applications. The Company’s products and technologies are used to power some of the most technically advanced and complex electronic systems in the fields of military aerospace (“Mil-Aero”) and satellite communications (MILSATCOM), defense electronics, semiconductor fabrication, medical devices, and other Hi-Rel systems where high cost of failure, product ruggedization, and optimal performance are paramount.

“Lenthor’s advanced capabilities in flexible circuit design and manufacturing and its leading position in high-value market segments make it a perfect complement to Fralock’s core business,” said Marc Haugen, CEO of Fralock Holdings. “We believe that Lenthor’s expertise, strong executive team, and strategic customer relationships make it an excellent addition to our expanding engineered materials solutions platform.”

“My team and I take extreme pride in building complex flex assemblies and providing a full suite of end-to-end capabilities that deliver plug and play solutions for our customers. We look forward to working closely with the Fralock team to continue to nurture our valued customer relationships and develop new ones,” said Lenthor’s President Mark Lencioni. “We are extremely grateful to the FocalPoint team for their guidance through this process. Their sector expertise and ability to represent our unique value proposition was instrumental in delivering the best result possible for Lenthor and its shareholders.”

Managing Director Michael Del Pero, who leads FocalPoint’s Specialty Industrials Group, said, “We are thrilled to have worked with the Lenthor, Fralock, and Arsenal teams to bring together these two unique companies, and we are excited to watch the growth of this new partnership. Lenthor is a great example of how FocalPoint is able to leverage its industry expertise to drive a premium outcome. This marks the seventh transaction in the PCB and EMS sector for FocalPoint in the last 24 months, where we have worked hard to establish ourselves as a leading advisor.”

About Lenthor Engineering

Established in 1986 in the heart of Silicon Valley, Lenthor Engineering is a leading designer and manufacturer of flexible and rigid-flex printed circuit boards. It is the largest flex panel processor in Northern California and the third largest in the United States. Based in Milpitas, California, the Company has 160 employees and a 63,000-square-foot state-of-the-art facility. To learn more, visit www.lenthor.com.

About Fralock Holdings

Established in 1967, Fralock Holdings is a design, engineering, and manufacturing company that develops high performance solutions for Fortune 500 corporations in aerospace, defense, medical, life sciences, semiconductor technology, and other high reliability markets. Its family of companies include Fralock, Career Technologies USA, Mapson Engineering, Oasis Materials, Oasis Precision, Stratamet Advanced Materials, and Ceramic Tech Incorporated. Headquartered in Valencia, California, Fralock Holdings employs over 660 associates in operations throughout the state. Fralock is AS9100, ISO13485, ISO9001, FDA Registered, and ITAR compliant. To learn more, visit www.fralock.com.

About Arsenal Capital Partners

Arsenal is a leading private equity firm that specializes in investments in middle market specialty industrials and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, has completed more than 200 platform and add-on investments, and achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com.

About FocalPoint Partners

FocalPoint is a leading investment bank specializing in mergers and acquisitions, private placements (debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, New York, and Shanghai, the firm provides global advisory services to middle market clients and has a dedicated Specialty Industrials practice. For more information, visit focalpointllc.com and follow us on LinkedIn and Twitter.

Please contact Michael Del Pero, Managing Director, at 310-405-7005 or Will Bower, Director, at 310-405-7026 with any questions regarding this transaction.