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Shelton, CT – June 4, 2019. Saugatuck Capital Company (“Saugatuck”) is pleased to announce the successful sale of APCT Holdings, LLC (“APCT”). Saugatuck along with management acquired control of APCT in 2013 and completed the strategic acquisitions of Tech Circuits, Inc. and sister company Source Technologies, Inc. in 2016, and Cartel Electronics, Inc. and sister company Cirtech, Inc. in 2018. Originally founded in 1977 as Advanced Printed Circuit Technology, Inc., APCT ( is a market leader in quick-turn manufacturing and engineering solutions. 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.

Founded in 1982, Saugatuck is a long-established private investment firm committed to leveraged recapitalizations and buyouts as well as 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 Capital and its investments, please visit

Lincoln International ( was the financial advisor to Saugatuck and APCT on this transaction.