CHICAGO, April 6, 2016 /PRNewswire/ -- Lincoln International, a leading global mid-market investment bank, has announced that Cal Quality Electronics ("Cal Quality" or the "Company") has been sold to PARPRO (4916:TW) ("PARPRO"), a full service embedded design solutions and manufacturing services company headquartered in Taiwan. Cal Quality was a portfolio holding of Churchill Equity ("Churchill"), a private investment firm based in Minneapolis.
Headquartered in Santa Ana, CA, Cal Quality is strategically located in Southern California's "Medical and Aerospace Alley," positioning it to service some of the most attractive customers within the electronics manufacturing services ("EMS") industry. It is a full-service provider for complex, high reliability applications. The Company offers a full suite of EMS capabilities, including custom printed circuit board assembly ("PCBA"), surface-mount technology ("SMT") assembly, through-hole assembly, cable and wire harness assembly, electro-mechanical assembly and full system builds.
The acquisition of Cal Quality will expand PARPRO's US-based EMS capabilities and complement PARPRO's 'global ODM strategy', providing customers with a total solution that extends far beyond traditional electronics manufacturing services. The addition of Cal Quality represents a natural extension of PARPRO's vision and long-term commitment to offering world-leading design and manufacturing solutions, making PARPRO manufacturing offerings competitive at virtually any volume and with any sourcing strategy.
Lincoln International acted as the exclusive financial advisor to Churchill and the Company, 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.
Gary Gottschalk, a Partner at Churchill Equity, commented, "Lincoln's expertise in the EMS industry coupled with global transaction experience and sound advice yielded a great outcome for all. Churchill and the stakeholders of Cal Quality benefitted greatly from their experience, efforts and knowledge."
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Kelly Neroda
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SOURCE Lincoln International LLC