Intelligent Manufacturing Solutions LLC (IMS) recently received a growth investment from Lineage Capital LLC, which will help support its future growth by expanding into new markets outside the northeast, broadening the service offering, and partnering with IMS management to pursue complementary acquisitions within the electronics manufacturing industry.
Based in Manchester, New Hampshire, IMS is a provider of electronics manufacturing services (EMS) with a unique specialization in quick-turn assembly of prototype and high-mix and build-to-order printed circuit boards.
Mooreland Partners acted as the exclusive financial advisor to IMS on this investment from Lineage, a Boston-based private equity firm focused exclusively on investing in owner-managed companies in the middle market.
"IMS offers outstanding service to our contract manufacturing customers, and this investment from Lineage will allow us to expand our business on a national scale without diluting our commitment to superior quality, rapid turnaround, and flexible manufacturing solutions. The Mooreland team understood our value proposition and helped us identify the perfect partner to help us grow without relinquishing management control of the business," said Bob Monaco, CEO of IMS.
"Mooreland Partners helped identify the right capital partners for the founder-owners of IMS in this transaction," said Bob McNamara, Managing Director, Mooreland Partners. "Mooreland's extensive and continuous coverage of the supply chain services segment on a global scale helped us deliver an optimal outcome for IMS."