COLORADO SPRINGS, Colo. Photo Stencil Inc., a surface-mount stencil and tooling company based here, has been acquired by a Boulder private equity firm, Kachi Partners.
While no terms were disclosed, the deal was structured as a leveraged buyout, with debt financing provided by Fifth Third Bank in Denver.
Minus Capital Advisors of Massachusetts served as advisors to the Photo Stencil board. Photo Stencil President Bill Moerbe said the buyout will help the company expand into new product areas and new markets. The growth will begin this summer with a new effort to move expand wave soldering and pallet manufacturing.