StenTech Expands its Portfolio with Acquisition of Photo Etch Technology
Gracie Gottlieb | 22 August, 2023
StenTech, a leading provider of surface mount technology ("SMT") stencils, pallets, tooling, and related components, has announced its acquisition of Photo Etch Technology. This strategic move further strengthens StenTech's presence in key markets while expanding its geographic reach.
Photo Etch Technology, together with its affiliate Utz Technologies, manufactures SMT stencils, mesh screens, and parts for OEM and contract manufacturing customers. With current facilities in four U.S. markets, Photo Etch Technology brings deep expertise and a strong customer base to the StenTech family. Additionally, the acquisition enhances StenTech's operations in Silicon Valley and New England, and opens up new opportunities in Florida through Photo Etch's Clearwater operation.
The acquisition of Photo Etch Technology is seen as a significant milestone for StenTech's growth and innovation. Brent Nolan, President and CEO of StenTech, expressed his excitement about joining forces with Photo Etch Technology and the opportunity it presents to serve their customers even better.
For Lisa Guidi, Owner and Chief Financial Officer of Photo Etch Technology, finding a partner who could continue to provide their customers with the quality of service they deserve was crucial. After working closely with StenTech's leadership, Guidi is confident in their ability to honor Photo Etch Technology's legacy while providing their customers with additional resources through the StenTech platform.
Align Capital Partners (ACP), the private equity firm that manages StenTech, sees the acquisition of Photo Etch Technology as a validation of their growth strategy. Chris Jones, Managing Partner at ACP, mentioned that they look forward to supporting StenTech through future M&A activities as well as ongoing investments in people, processes, and technology.
StenTech, with its 19 locations across the US, Canada, and Mexico, has established itself as a critical supply chain partner to over 2,000 customers, including leading OEMs and Tier 1 contract manufacturers. The company is known for its technical expertise and ability to deliver high-quality components with minimal lead times. StenTech's geographic reach and commitment to customer satisfaction make it a trusted thought partner in the electronics and SMT manufacturing industry.
Align Capital Partners, StenTech's parent company, is a growth-oriented private equity firm that partners with business owners and management teams to drive shared success. With $1.5 billion in committed capital, ACP brings experience and resources to help lower-middle-market companies accelerate their growth in sectors like business services, technology, specialty manufacturing, and distribution.
The acquisition of Photo Etch Technology marks another milestone in StenTech's journey towards becoming a leading player in the electronics and SMT manufacturing industry. By expanding its portfolio and enhancing its capabilities, StenTech is well-positioned to meet the evolving needs of its customers and drive further growth in the market.
For more information about StenTech and its products, please visit their website at [stentech.com](https://www.stentech.com/). To learn more about Align Capital Partners, visit [aligncp.com](http://www.aligncp.com).
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