Photo Stencil acquired by Kachi Partners

Kachi Partners, a private equity firm in Boulder, Colorado, announced today that it has acquired Photo Stencil, a manufacturer of stencils and precision tooling used in the printed circuit board assembly process, in a leveraged buy-out transaction. The acquisition was financed with debt from Fifth Third Bank in Denver, and Mirus Capital Advisors, a middle-market investment bank based in Massachusetts that advised Photo Stencil.

"This transaction represents an important step in Photo Stencil's long-term growth strategy, which will ultimately include the introduction of new products and services, and geographic expansion that will help us to better serve our customers worldwide," said Bill Moerbe, President of Photo Stencil.

"Photo Stencil is an extremely well managed company with a highly scalable business model. Its comprehensive services and cutting-edge technology will support organic and strategic growth," added Eric Weissmann, a managing director at Kachi Partners.
Based in Colorado Springs and with operations in Mexico and Malaysia, Photo Stencil's extensive line of precision tooling includes electroformed, laser-cut and chemically etched stencils, as well as screens and templates for the manufacturing, assembly and inspection of PCBs. Significant and on-going R&D efforts have made the Company a technology leader in the market for over 20 years, and the Company holds six key patents.