Burlingame, California — Mentzer Electronics, Inc., a respected and long-established electronics manufacturing services (EMS) company located in the San Francisco Bay Area, has been acquired by Innovative Circuits. Exit Strategies Group, Inc. introduced the parties and served as exclusive financial advisor to the seller in the transaction. Terms of the transaction are confidential.
Menzter Electronics was founded in the Bay Area in 1965 by Ed and Betty Mentzer. The Company’s electronics manufacturing services include surface mount printed circuit board assembly, wiring harness assembly, complete box-build electromechanical assembly of chassis and cabinets, testing of completed products, turnkey purchasing and materials management. From prototyping to production volume. Mentzer customers are OEM’s of medical equipment, industrial controls, scientific research instruments, electrical power monitoring and other types of electronic equipment.
Innovative Circuits, Inc., with electronic circuit assembly operations in the U.S. mid-west, acquired Mentzer in order to expand its footprint to the West Coast and increase its presence in the rapidly growing medical equipment market. ICI brings exceptional quality systems, and has plans to expand the firm’s capabilities to support the existing customer base. Mr. Mentzer is working alongside the management team to ensure a seamless transition.
Exit Strategies is pleased to have helped our clients retire after almost 50 years in business, and we are excited to have found in ICI a capable and synergistic buyer to build on the Mentzer legacy and past success. And we’re always grateful when we can make a small contribution to the resurgence of U.S. manufacturing by ensuring the continuity of vital businesses like Mentzer Electronics.