P2G Capital has announced that it recently partnered with Merit Capital Partners and management to acquire Circuit Check Holdings. Based in Maple Grove, Minnesota, Circuit Check is a leading designer and manufacturer of precision-engineered custom test systems, test fixtures, and test automation solutions for electronics and electro-mechanical devices.
The company also serves a variety of end markets, including information technology, aerospace & defense, medical, automotive, and general industrial.
P2G’s investment team is headed by Mark Wrightsman and Alex Furth. And the firm provided subordinated debt and equity to support the transaction.
KEY QUOTES:
“We are excited to have acquired Circuit Check with Merit and management. With our combined operating experience and unique industry perspective we view Circuit Check as an ideal platform for growth. We look forward to working with management and introducing new technologies and services for the global electronic test market.”
– Alex Furth, President of P2G
“We are thrilled to embark on the next portion of our journey with our new partners P2G and Merit Capital. Their knowledge and insight into our markets combined with our 45 years of experience is a powerful combination that will allow us to create new and innovative test solutions for our customers. As we delve into cutting edge technologies, we will continue to provide the quality and consistency that our customers demand for their mission critical test needs.”
– Circuit Check CEO, Chris Scorse
