Fresh off its latest acquisition, there’s a sense of déjà vu. Is this the next big American fabricator?
When a pair of West Coast US fabricators called Pacific Circuits and Power Circuits merged more than 30 years ago, probably no one knew the new entity would someday become the largest PCB manufacturer in the world. The deal was financed by two private equity firms, one of which was Thayer Capital Partners. With it came a rebranding to TTM Technologies. The deal was the first in a long series of M&A activities that over the next 15 years eventually rolled up Details, the PCB units of Honeywell and Tyco, Hong Kong’s Meadville PCB, and Viasystems, among others.
So, observers are forgiven then if the narrative developing with Summit Interconnect feels a little familiar.
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