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Wilton, CT – May 2016. Saugatuck Capital Company (“Saugatuck”) is pleased to announce the acquisition of Tech Circuits, Inc. and sister company Source Technologies, Inc., (“Tech Circuits” and “Source Technologies”) through its portfolio company APCT Holdings, LLC (“APCT”). Saugatuck advised APCT on the transaction and provided equity capital through its investment vehicle Saugatuck Capital Company VIII LLC to acquire the stock of Tech Circuits and Source Technologies. Amalgamated Bank and Greyrock Capital, APCT’s current lenders, provided additional debt financing for the transaction. APCT is a premier, quick-turn manufacturer of complex, multilayer printed circuit boards and provider of related engineering services.

Founded in 1982, Saugatuck is a long-established private investment firm committed to leveraged recapitalizations and buyouts and growth equity investments in the lower, middle market. Sourcing investment opportunities through its well-established network, Saugatuck invests in service-intensive businesses demonstrating a proven ability to generate stable, growing cash flows where it has the requisite experience to drive accelerated portfolio company performance. For over three decades, the Firm has been dedicated to the philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build companies of outstanding value. For further information regarding Saugatuck and its investments, please visit

Originally founded in 1977 as Advanced Printed Circuit Technology, Inc., APCT ( is a market leader in quick-turn manufacturing and engineering solutions, which are offered 24 hours a day, seven days a week. Through its highly experienced management team, APCT maintains some of the most sophisticated technical capabilities in the industry which enables it to manufacture highly complex printed circuit boards in very compressed time frames.

Tech Circuits and its sister company, Source Technologies, are leaders in the manufacture and procurement of “time critical” advanced technology printed circuit boards. Since 1979, the companies have focused on prototype and quick-turn manufacturing and sourcing of highly complex printed circuit boards.