Active-PCB Solutions funding
We are delighted to have provided a significant funding to support Novastone Capital Advisors (NCA) with funding for a second acquisition and formation of a new group in the UK by CEO Dean Curran as part of their Operator-Led Search Fund Program.
With Dean Curran’s first NCA acquisition in July 2024, when he acquired Garner Osborne Circuits Limited (Garner): a UK-leading specialist in printed circuit board (PCB) manufacture and PCB assembly in Newbury, England. Dean has now closed a second deal with the bolt-on acquisition of Active-PCB Solutions Limited (Active-PCB) — a UK-leading PCB assembly and electronics manufacturing services (EMS) company in Reading, England —forming a new group of side-by-side businesses with the two companies.
The new group will benefit from a wider range of manufacturing services, retaining current third-party services within the group, and improved pricing when buying materials at scale.
“Each company has its unique strengths,” Dean explains. “Taking those synergies and cross-pollinating the knowledge across the group will be a key factor in improving each business and the success of this opportunity.” This acquisition delivers exceptional value for investors and creates powerful capabilities to enhance efficiency, expand proficiencies, and provide unmatched solutions to customers.
After 28 years of building and nurturing Active PCB, Gary Turner the previous CEO, shared that "saying goodbye brings mixed emotions. The management team, now led by the capable Dean Curran and supported by NCA, has softened this transition. They have invited me to join their exciting growth journey, and I look forward to this next phase. I thank Dean for his support and vision, and I'm confident in his ability to lead the company to new heights."
We are delighted to continue our support for Dean backed by the exceptional team at NCA, and his wider investor group. By bringing together these businesses with such strong reputations within the growing UK PCB market, it creates an even stronger platform to build on and we look forward to seeing the group go from strength to strength.Steve Munt, Senior Director, ThinCats
NCA were advised by Birketts (Legal) and Buzzacott (Tax and Financial Due Diligence. ThinCats were advised by HCR (Legal).