Valencia, CA — Career Technologies, USA (“Career Technologies” or the “Company”) has been acquired by Fralock, a portfolio company of Arsenal Capital Partners (“Arsenal”). FocalPoint Securities, LLC (“FocalPoint”) served as the exclusive financial advisor to Fralock and Arsenal.
Career Technologies, with three facilities in the greater Los Angeles area, is a leading provider of engineering and manufacturing solutions. The company focuses on integrating various materials and components for demanding applications and technologies, including flexible and rigid-flex circuits and microelectronics, for the medical device, aerospace, and other specialty markets. Both Fralock and Career Technologies focus on thermal and electrical management technologies in challenging and harsh environment applications. The addition of Career Technologies broadens Fralock’s processing capabilities, and the combined portfolio of manufacturing processes includes lamination, bonding, forming, machining, broad cutting technologies, surface coatings, surface treatments, etching, component integration, and materials integration of polymers, metals, and composites. In addition, the acquisition strengthens Fralock’s position in its key end markets, mainly medical, life sciences, semiconductor equipment, electronics, space, industrials, and defense.
Fralock’s CEO Marc Haugen said, “Our strategic customers will benefit from the combined capabilities of Fralock and Career Technologies. We continue to build our platform for delivering engineered solutions and specialty materials for applications in technically challenging and severe environments, which our customers depend on. The addition of Career Technologies gives us significant additional capabilities as well as increases our strong position in our core markets.”
FocalPoint Managing Director Mike Del Pero said, “We are thrilled to have been able to advise the Fralock and Arsenal team in this transaction. The commitment of everyone involved to close this transaction – despite the challenges and economic turmoil presented by the current COVID environment – is a testament to the strategic importance of bringing these two companies together. Career Technologies will serve as an important growth and expansion catalyst for Fralock, and we are excited for what the future has in store for the combined company moving forward. This represents yet another successful transaction in the specialty electrical components space, which continues to be key areas of focus for our Industrial team.”
Fralock, established in 1967, is a design, engineering, and manufacturing company of specialty components and subassemblies. The company (AS9100, ISO13485, ISO9001, FDA Registered and ITAR compliant) has a professional reputation for developing high-performance solutions for technically advanced OEMs in a variety of markets including aerospace, electronics, industrial life science, medical, satellite, and semiconductor equipment manufacturing. For more information, please visit https://www.fralock.com. FocalPoint advised Fralock in its sale to Arsenal Capital Partners in 2018.
About Arsenal Capital Partners
Arsenal is a specialized private equity firm that focuses on investments in middle-market specialty industrials and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, has completed more than 45 platform investments, and has achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. For more information, please visit https://www.arsenalcapital.com.
About FocalPoint Partners, LLC
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements, financial restructurings, and special situation transactions. Since 2002, the firm has provided advisory services to middle market clients across eight industry sectors: aerospace and defense, business services, consumer, energy, financial services, healthcare, industrials, and technology/media. With offices in Los Angeles, Chicago, New York, and Shanghai, and affiliated partner offices around the world, FocalPoint’s domestic and international coverage is truly global. To learn more, visit focalpointllc.com and follow us on LinkedIn and Twitter.