America Computer Development buys Circuit City subsidiary
Nov 11, 2004
American Computer Development, Inc. (ACDI) has announced it has acquired substantially all of the assets of Patapsco Designs, Inc., an electronic design and manufacturing company owned by Circuit City Stores, Inc.
Patapsco's manufacturing and assembly services add to ACDI's core service offering, electronic PCB design. "Patapsco's advanced manufacturing capabilities will allow ACDI to provide our clients with both front-end and back-end PCB services within the same facility," said William Hornbaker, ACDI's president and CEO. "By offering both PCB layout and assembly, we will have the ability to provide streamlined services and bring our clients' products to market faster. I am excited about the opportunities the combined company will bring."
Terms of the transaction were not disclosed. Custer Williams & Company, an independent investment banking firm, served as exclusive financial advisor to Circuit City.
More information about ACDI is available at www.acdi.com.