Milestone Partners Looks for Add-On Deals for Pancon

Milestone Partners is actively seeking potential add-on acquisitions for Pancon Corporation, the firm announced Friday. Stoughton, Mass.-based Pancon is a designer and manufacturer of industry standard and custom cable connectors.

PRESS RELEASE

Milestone Partners is actively seeking potential add-on acquisitions for Pancon Corporation (www.panconcorp.com). Based in Stoughton, MA, with additional operations in Illinois, Virginia, Germany and Slovenia, Pancon is a leading global designer and manufacturer of industry standard and custom cable connectors (discrete and mass terminated) and their associated board mount interfaces.

“With its broad product offering, global footprint and experienced management team, Pancon is well-positioned to execute on a strategic add-on acquisition program,” commented Geoff Veale of Milestone Partners. “We are targeting companies that help Pancon expand its global footprint, have attractive customer relationships and unique product designs,” added Mike Kirkman, CEO of Pancon.

ACQUISITION CRITERIA:

General profile: electronic connector design and manufacturing
End Markets: will consider all industries
Geography: global
Revenue: $5 million and up
EBITDA: $1 million and up

Milestone Partners (http://www.milestonepartners.com) is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues successful niche-market leaders that provide high-margin products or services. Milestone’s transactions typically provide liquidity to shareholders of privately-owned businesses, facilitate the transition of ownership to key managers, and allow management to capitalize on growth opportunities, while maintaining the legacy of the founders.

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