Patriot Capital is pleased to announce a new subordinated debt investment alongside HCI Equity in Summit Interconnect, an existing platform of HCI. Patriot's investment supported Summit's acquisition of ITL Circuits.
Headquartered in Anaheim, California with facilities in Orange, Anaheim, and Santa Clara, California, Summit is a manufacturer of printed circuit boards. The company's advanced technology factories are focused on complex rigid, flex and rigid-flex PCBs for use in defense and commercial applications. The acquisition of ITL Circuits, based in Toronto, Canada, adds additional rigid PCB capabilities and capacity and further enhances Summit's presence in the defense and commercial end markets.
About Patriot Capital
Patriot Capital is a leading source of growth capital for middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations. Patriot Capital is focused on debt capital and minority equity investments. Our senior deal professionals each have over 20 years of diverse corporate finance experience. We provide companies with capital and seasoned business judgment for transactions.
Patriot Capital utilizes a disciplined investment strategy developed over many years that focuses on capital preservation, consistent earnings growth and income generation. Patriot Capital has invested in and managed companies successfully through varying periods of economic expansion and contraction. We understand and employ successful strategies and tactics needed to guide our companies through these periods. For more information please visit www.patriot-capital.com.
