Liberty Ridge Advisors Announces the Sale of Silicon Forest Electronics, Inc.
FOR IMMEDIATE RELEASE
SEATTLE, WA— March 31st, 2021 – Liberty Ridge Advisors, LLC is pleased to announce that Silicon Forest Electronics (SFE) has agreed to merge with ESAM based in Grants Pass, OR, and Bay Computer Associates (BCA) out of Cranston, RI through a stock purchase agreement with VergePointe Capital in Lake Oswego, OR. The combined group will be merged into EHC, a holding company. Liberty Ridge Advisors acted as the exclusive financial advisor for SFE.
SFE, headquartered in Vancouver, WA, provides the aerospace, medical, defense, unmanned systems, and industrial markets with printed circuit board assembly services and box build-system integration services. SFE, a build-to-print contract manufacturer, holds AS9100 and ISO 13485 certifications, and NADCAP accreditation for process and quality control systems.
Frank Nichols, Chief Executive Officer of SFE remarked, “This exciting transaction was complex and exceptionally handled by Liberty Ridge Advisors. We had 70 shareholders and a partial ESOP with over 100 employees. Through the process, Liberty Ridge maintained a steady balance with a focus on our stakeholders. They walked us through the process with a minimum of trepidation and advised us to maximize the return to our shareholders and employees. The transaction will merge capabilities from adjacent business elements bringing together design (BCA), printed circuit board assembly production (SFE), cable and wire harness production (ESAM), and systems integration-box build (ESAM and SFE). The combined companies will have the scale, breadth, and increased capabilities to compete more effectively in our global marketplace and bring a broader range of services to our expanded customer base.”
Dave Matheny, Chief Executive Officer of ESAM said, "We are very excited that the Silicon Forest Electronics TEAM has decided to join our EHC family. They will be very complementary to our ESAM and BCA capabilities. Their customer-centric focus blends perfectly with our mindset, and we are looking forward to how each can enhance the value we bring to our collective customers in the future!"
For more information about this transaction, please contact the Liberty Ridge Advisors deal team:
Michael Bennett
Managing Partner
Leif Johnson
Managing Partner
About Liberty Ridge Advisors
Liberty Ridge Advisors, based in downtown Seattle, WA provides merger and acquisition advisory services for Pacific Northwest privately held businesses including capital transactions, mergers, acquisitions and recapitalizations. Liberty Ridge Advisors offers concentrated experience and expertise in key industries including food products, aerospace, building materials and specialty construction, general manufacturing and distribution, wine, business and financial services, and medical products and services. For more information about Liberty Ridge Advisors please visit our website at www.libertyra.com.
Investment Banking Services and Securities offered through Independent Investment Bankers Corp. a broker-dealer, Member FINRA/SIPC. Liberty Ridge Advisors, LLC is not affiliated with Independent Investment Bankers Corp.
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Contact: Michael Bennett, Managing Partner, Liberty Ridge Advisors, LLC
Email: mbennett@libertyra.com
Phone: (206) 422-0102