- Photo Etch Technology is a maker of surface mount technology stencils, mesh screens and parts
- Align Capital Partners acquired StenTech in May 2022
- The transaction marks the second add-on acquisition for the company
StenTech, a portfolio company of Align Capital Partners, has acquired Lowell, Massachusetts-based Photo Etch Technology, a maker of surface mount technology (SMT) stencils, mesh screens and parts for OEM and contract manufacturing customers. No financial terms were disclosed.
Based in Markham, Ontario, StenTech is a manufacturer of stencils and related custom products for applications in electronics and SMT manufacturing in North America.
“The Photo Etch transaction represents further validation of our growth thesis for StenTech,” said Align managing partner Chris Jones in a statement. “In addition to future M&A, we look forward to continuing to support the company through on-going investments in people, processes and technology.”
Align Capital Partners acquired StenTech in May 2022. The transaction marks the second add-on acquisition for the company.
Align makes control investments in lower mid-market companies in the business services, technology, specialty manufacturing and distribution sectors. The firm manages $1.5 billion in committed capital, with investment teams in Cleveland and Dallas.
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