NEW YORK, June 2, 2014 (GLOBE NEWSWIRE) -- Centre Lane Partners, LLC, a New York based private investment firm, is pleased to announce that it has completed its acquisition of the stock of STACI Holdings, Inc. ("STACI" or the "Company"). The business will continue to operate under the STACI name. STACI is a leading electronics manufacturing services provider of high performance, custom-engineered products and supply chain solutions to customers around the world. STACI's suite of component engineering and sourcing services provide a unique turnkey offering including front-end engineering, prototype product development, as well as low-cost, high quality manufacturing. For the twelve months ended March 2014, STACI generated $71 million in net sales. Headquartered in LaGrange, Ohio, the Company operates two world class manufacturing facilities in LaGrange and Dongguan, China, and has sales, customer services and administrative offices in North America, Europe and Asia.
Kenneth Lau, Managing Director of Centre Lane, said, "STACI has a long heritage and solid reputation for delivering high performance electronics products and supply chain services to its customers. The Company represents an excellent platform for future growth. We are excited about adding STACI to our portfolio of companies." Jim Thirkill, the Company's President, added, "This is an exciting time for our business. Centre Lane has been great to work with throughout the transaction process, and we look forward to partnering with them to help us achieve our long term goals for the business."
About Centre Lane Partners, LLC
Centre Lane is a private investment firm focused on making equity and debt, control and non-control, investments in North American middle market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. Industries targeted for investment are broad and diverse with no industry excluded from our consideration.