New York – January 7, 2019 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Intelligent Manufacturing Solutions LLC (“IMS”) on a growth investment from Lineage Capital, LLC (“Lineage”).
Based in Manchester, New Hampshire, IMS is a leading provider of electronics manufacturing services with a unique specialization in quick-turn assembly of prototype and high-mix and build-to-order printed circuit boards for customers primarily located in the Northeast United States.
Lineage is a Boston-based private equity firm focused exclusively on investing in owner-managed companies in the middle market.
Lineage’s investment will help support IMS’ future growth by expanding into new markets outside the Northeast, broadening the service offering, and partnering with IMS management to pursue complementary acquisitions within the electronics manufacturing industry.
Bob Monaco, CEO, IMS stated, “IMS offers outstanding service to our contract manufacturing customers and this investment from Lineage will allow us to expand our business on a national scale without diluting our commitment to superior quality, rapid turnaround, and flexible manufacturing solutions. The Mooreland team understood our value proposition and helped us identify the perfect partner to help us grow without relinquishing management control of the business.”
“Mooreland Partners helped identify the right capital partners for the founder-owners of IMS in this transaction,” said Bob McNamara, Managing Director, Mooreland Partners. He added “Mooreland’s extensive and continuous coverage of the supply chain services segment on a global scale helped us deliver an optimal outcome for IMS.”