Exeter Street Capital Partners Recapitalizes Price Circuits LLC and Circuitronics LLC
Exeter Street Capital Partners has announced a recapitalization of Price Circuits LLC and Circuitronics LLC in Elgin, Illinois. The investment marks Exeter's fourth platform deal and establishes a new buy-and-build strategy focused on the advanced electronics sector, particularly design, prototyping, and fabrication of printed circuit boards (PCBs) for aerospace & defense, consumer, and niche industrial markets. Founded in 1994, Price Circuits is known as 'the engineer's playground' due to its rapid turnaround times and ITAR/AS9100 certifications. The company has become a key partner for advanced electronics firms across North America. Exeter partnered with Capitala Group, Five Points Capital, and the Varghese family in this transaction. The investment also includes two seasoned executives—Dana Pittman and Jim Russell—who will serve as Executive Partners to provide strategic leadership. The deal is supported by institutional debt from Capitala Group and Five Points Capital, along with working capital financing provided by Pinnacle Bank.
Topics: buy-and-build strategy electronics manufacturing PCB fabrication private equity