CHICAGO, April 18, 2018 /PRNewswire/ -- 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.
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.
For more information on Lincoln's Global Electronics sector, please visit http://www.lincolninternational.com/industries/electronics/.
For more information on Lincoln's Global Aerospace & Defense sector, please visit http://www.lincolninternational.com/industries/aerospace-and-defense/.
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 twenty 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/.
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SOURCE Lincoln International LLC