Transaction Overview
- Represented Legacy Technologies LLC (“LTI” or the “Company”), a portfolio company of CFB, KVCI and MidStates, on its sale to Qnnect, a portfolio company of Arcline Investment Management.
- LTI has been regarded as manufacturing some of the highest reliability glass to metal seals for over 30+ years for many applications including aerospace, automotive, medical, military, and telecommunications.
- Qnnect is a leading global producer of highly engineered electronic interconnect solutions for high-density and high-speed applications of leading original equipment manufacturers.
Drivers of Interest
- Leading hermetic seals with exceptional reliability.
- Leading manufacturer of high reliability quartz crystal holders.
- Highly specialized, custom product offering utilizing a proprietary oxide-free hermetic sealing process.
- Brand-new state-of-the-art facility.
- Robust demand trends across end markets served.
- Strong financial performance and robust growth momentum.