RFE Investment sells Atrenne for $139 mln

Celestica Inc is buying Atrenne Integrated Solutions Inc for $139 million. Atrenne is a portfolio company of RFE Investment Partners LLC. Atrenne, of New Hope, Minnesota, designs and makes ruggedized electromechanical solutions, primarily for the aerospace and defense markets. Lincoln International provided financial advice to RFE and Atrenne.

April 2018
Transaction Highlights Lincoln’s Leading Electronics and Aerospace & Defense Franchises
CHICAGO, IL – Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce the sale of Atrenne Integrated Solutions, Inc. (“Atrenne” or the “Company”), a portfolio company of RFE Investment Partners, LLC, (“RFE”) to Celestica, Inc. (“Celestica”). Celestica will purchase Atrenne, on a cash-free and debt-free basis, for US$139 million. 

Founded in 2014, Atrenne is a leading designer and manufacturer of ruggedized electromechanical solutions, primarily for the aerospace and defense markets. Headquartered in New Hope, Minnesota, with additional facilities in Brockton, Massachusetts, and Xiamen, China, Atrenne offers a complete suite of vertically-integrated capabilities, from design and manufacturing to testing and fulfillment. The Company’s highly-engineered backplanes, circuit card assemblies and enclosures are deployed for mission-critical applications and within harsh environments. Atrenne supports leading military and commercial aerospace OEMs as a sole-source provider on over 100 long-term programs. Additional information is available at www.atrenne.com. 

Ned Truslow, Managing Director at RFE, commented, “Lincoln’s extensive experience within the electronics and aerospace & defense industries, their strong relationships with the global universe of acquirers and their excellent process execution capabilities, enabled an exceptional outcome for Atrenne, RFE and Celestica.”

Lincoln International acted as the exclusive financial advisor for RFE and Atrenne, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.