CIVC Partners Teams With Management to Invest in EPIC Technologies, LLCChicago, IL, July 9, 2004 - CIVC Partners, L.P. announced today that it has teamed with management for a significant investment in EPIC Technologies, LLC, a premier specialty electronics manufacturer in the high-mix, low-to-medium volume segment of the Electronic Manufacturing Services (“EMS”) industry. EPIC is headquartered in [Rochester Hills, MI] and has manufacturing plants in Norwalk, Ohio and Juarez, Mexico. Terms of the transaction were not disclosed. EPIC’s electronic manufacturing services consist primarily of the manufacture of complex printed circuit board assemblies and complete systems integration. The Company provides turnkey electronic manufacturing services to customers in the medical, automotive, telecommunications, and industrial equipment markets. Contributing to EPIC’s success have been the Company’s robust quality operating system, supply chain management, and adherence to lean manufacturing principles. Additional information on EPIC can be found at www.epictech.biz. “CIVC seeks to develop partnerships with outstanding companies in exciting industries led by high caliber executives. John Sammut and his management team have quickly built a leading EMS business with considerable expertise in lean manufacturing. We look forward to working with management to continue EPIC’s track record of strong growth,” said Marcus Wedner, a Partner at CIVC. “Our current business model has created some significant growth opportunities. We are delighted to be partnering with CIVC to enhance our ability to leverage these opportunities by providing both additional equity capital and an additional source of strategic guidance and EMS industry expertise,” said John Sammut, President and CEO of EPIC. Standard Federal Bank, Bank One, and Key Principal Partners provided additional funding for the transaction. CIVC Partners, a Chicago-based private equity firm, manages $1.3 billion of capital on behalf of its limited partners, including Bank of America. CIVC focuses on leveraged buyouts and growth equity investments in the industrial growth, financial services, business services, and media and communications sectors and has previously invested in the EMS industry through Advanced Quick Circuits, L.P., which was a producer of complex, multi-layered printed circuit boards. More information on CIVC Partners and its portfolio companies can be found at www.civc.com. For more information, please contact: EPIC Technologies, LLC
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WHAT CUSTOMERS SAY ABOUT EPIC..."There are several things they [EPIC] do in their plant that we want to adopt here." "No one else is even close to as good as EPIC in Juarez. " "I liked the simplicity of EPIC's manufacturing approach." "They are lean, their material handling is outstanding and their overhead is not big." "In 14 years never met a more dynamic management team." |
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