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Transom Capital Completes Acquisition of SigmaTron International
Globenewswire· 2025-07-28 13:40
Core Insights - Transom Capital Group has successfully acquired SigmaTron International, marking the end of SigmaTron's public trading status [1][2] - The acquisition is expected to enhance SigmaTron's operational capabilities and drive growth through strategic mergers and acquisitions [2] Transaction Details - Transom's tender offer for SigmaTron's shares was completed at a price of $3.02 per share, with 4,401,189 shares (71.9% of outstanding shares) validly tendered [3][4] Company Overview - SigmaTron is an independent provider of electronic manufacturing services (EMS), with operations in multiple countries including the US, Mexico, China, and Vietnam [6] - The company specializes in printed circuit board assemblies, electro-mechanical subassemblies, and fully assembled electronic products [6] Transom Capital Overview - Transom Capital is a private equity firm focused on middle-market investments, established in 2008, with a strategy that emphasizes operational improvements and value creation [7][8] - The firm has a strong track record in navigating complex investment situations and provides both capital and operational support to its portfolio companies [8]
Transom Capital and SigmaTron International Announce Expiration of Tender Offer
Globenewswire· 2025-07-25 12:00
Core Viewpoint - Transom Capital Group has successfully completed a tender offer to acquire SigmaTron International, with 71.9% of shares validly tendered at a price of $3.02 per share, and the acquisition is expected to be finalized on July 28, 2025 [1][2][3] Group 1: Acquisition Details - The tender offer for SigmaTron shares expired on July 24, 2025, with a purchase price of $3.02 per share [1] - A total of 4,401,189 shares were validly tendered, representing 71.9% of the outstanding shares [2] - All conditions for the tender offer have been satisfied, and Transom will accept and pay for the validly tendered shares [2] Group 2: Company Background - Transom Capital Group is a private equity firm founded in 2008, specializing in operationally-focused investments in the middle market [5] - The firm has a strong track record in various economic cycles, focusing on corporate carve-outs and undervalued public companies [5][6] - SigmaTron operates as an independent provider of electronic manufacturing services, with facilities in the U.S., Mexico, China, and Vietnam [7] Group 3: Advisory Roles - Kirkland & Ellis LLP is serving as the legal advisor for Transom [4] - Lincoln International is the exclusive financial advisor for SigmaTron, with additional legal support from Greenberg Traurig, LLP and Howard & Howard Attorneys PLLC [4]
Transom Capital and SigmaTron International Announce Entry into Merger Agreement
Globenewswire· 2025-05-21 12:00
Core Viewpoint - Transom Capital Group has entered into a merger agreement to acquire SigmaTron International, with a total enterprise value of approximately $83 million, representing a significant premium over the company's recent stock prices [2][3]. Transaction Details - The merger agreement has been unanimously approved by SigmaTron's Board of Directors, and the tender offer will be for $3.02 per share in cash, which is about 134% higher than the closing market price on May 20, 2025 [2]. - The transaction is expected to close in the third quarter of 2025, pending the successful completion of the tender offer and other customary closing conditions [3]. - The acquisition will result in SigmaTron being wholly owned by Transom, and its shares will no longer be listed on Nasdaq [3]. Company Background - SigmaTron International is an electronic manufacturing services company, providing services such as printed circuit board assemblies and electro-mechanical subassemblies, with manufacturing facilities in the U.S., Mexico, China, and Vietnam [9]. - Transom Capital Group is a private equity firm focused on middle-market investments, known for its operationally intensive strategy and expertise in various complex situations [7][8].