CHICAGO – American Standard Circuits completed recapitalization with Gemini Investors and Plenary Partners. Sikich Investment Banking served as the adviser to ASC.

“I am confident this partnership with Gemini Investors and Plenary Partners will offer us the resources and guidance needed to achieve our ambitious growth goals,” said Anaya Vardya, CEO, American Standard Circuits. “This recapitalization will help us further accelerate the exponential growth we have seen over the past 36 months. We have seen particularly strong growth from our customers in the high technology and cutting-edge technology markets in the last few years, positioning us to help define the future of printed circuit board technology. We want to thank all of our hardworking team members, our supplier partners and our customers who have greatly contributed to our success in the past few years and helped build the foundation to make this next important step possible.”

“We are excited to partner with the existing manufacturing team at ASC to help it continue its growth journey,” said Jimmy Rich, managing director, Gemini Investors. “We look forward to helping ASC further penetrate the market with its comprehensive PCB offering.”

“We’re really excited to be partnering with Gemini on another investment. Our collective experience investing in manufacturing, and in particular EMS and chip designers, allowed us to recognize ASC as a peerless manufacturer offering quick-turn solutions for complex, mission-critical components,” said Toni Peláez, managing partner, Plenary Partners.

Transaction terms were not disclosed.

ASC manufactures RF, microwave, flex, rigid-flex and metal-clad PCBs, serving military and defense, aerospace, automotive, industrial, medical and telecom industries.

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