CPE News (7/31/2020) – Summit Interconnect, Inc., a portfolio company of HCI Equity Partners, has acquired Integrated Technology Ltd., dba ITL Circuits, from owners Adolf Czudnochowsky and Michael Campbell. Financial terms were not disclosed.
Established in 1971, Markham, Ontario based ITL Circuits is one of North America’s leading providers of printed circuit board fabrication services. ITL Circuits is the oldest and largest privately-held PCB manufacturer in Canada. It serves both original equipment manufacturers (OEMs) and electronic manufacturing service (EMS) companies, with prototype and production-volume requirements, around the world. ITL Circuits has over 65,000 square feet of factory space and approximately 130 employees.
Anaheim, California based Summit Interconnect is a leading manufacturer of advanced technology printed circuit boards. Manufacturing services include quick turn, prototype and production through our advanced technology facilities located in California and now Toronto, Canada.
In April 2016, HCI Equity Partners, a lower mid-market private equity firm based in Washington, DC, formed Summit Interconnect from the acquisition of KCA Electronics in Anaheim, and Marcel Electronics International (MEI) located in Orange, California.
photo credit: ITL Cirucuits
Summit Interconnect, Inc. Acquires Integrated Technology Ltd. – ITL Circuits
ANAHEIM, Calif. (PRWEB) July 31, 2020
Summit Interconnect, Inc. is pleased to announce the acquisition of ITL Circuits.
Established in 1971 and located in Toronto, Canada, ITL Circuits is one of North America’s leading providers of printed circuit boards. The oldest and largest privately held PCB manufacturer in Canada, ITL Circuits provides a significant expansion of Summit’s operations in North America.
ITL Circuits is AS9100, NADCAP and MIL-PRF 31032 certified and has a long history of servicing military programs for the Canadian Department of National Defense (DND) prime contractors and Australian Defense Force (ADF) primes. ITL Circuits is also a long time supplier to the United States DOD prime contractors under U.S. ITAR 126.5 under the Canadian Controlled Goods (CGP) exemption.
Shane Whiteside, President and CEO of Summit Interconnect, Inc. stated, “ITL’s capabilities complement Summit’s and will provide additional volume manufacturing capacity across a broad range of technology. The additional and meaningful scale will further strengthen our ability to serve our customers and broaden our relationships with key suppliers. This is very exciting news for both Summit and ITL and we welcome our new Toronto employees to the Summit team.”
About Summit Interconnect: Summit Interconnect is a leading manufacturer of advanced technology printed circuit boards. Manufacturing services include quick turn, prototype and production through our advanced technology facilities located in California and Toronto, Canada. For more information, please go to summit-pcb.com
About ITL Circuits: ITL Circuits is one of North America’s leading providers of printed circuit board fabrication services. Established in 1971, ITL Circuits is highly certified and is the oldest and largest privately held PCB manufacturer in Canada. ITL Circuits serves both original equipment manufacturers (OEM) and electronic manufacturing services (EMS) companies with advanced technology prototype and production PCB’s around the globe. For more information, please go to:itlcircuits.com
To learn more about the Summit Interconnect story:
Manufacturing in Focus Magazine: “Waves Are Being Made in the PCB Industry and Summit Interconnect Plans to Ride Them”
PCB007 Magazine: “Shane Whiteside and Summit Interconnect: Aspiring to New Heights”
Summit Interconnect is an HCI Equity Partners portfolio company
- Onc.AI secures US $6M financing led by Blue Venture Fund and Accomplice - December 4, 2020
- Hg to acquire majority in Benevity from General Atlantic and JMI for £330M - December 3, 2020
- Venture backed Affirm to acquire PayBright for CDN $340M - December 3, 2020