Praesidian Capital Invests in Power Design Services

Praesidian Capital, a leading provider of senior and subordinated
capital for small and mid-sized businesses, announced today that it
agented a $22.4 million senior debt investment to support the merger of
Power Design Services, LLC (“Power Design”) and Green Circuits, Inc.
(“Green Circuits”).

Power Design, an Evolve Capital platform company, provides turnkey
printed circuit board (“PCB”) design, prototype, and production services
with a focus on speed and service. Green Circuits is a full-service
manufacturer focusing on prototyping and high mix, medium volume
assembly.

“Both Power Design and Green Circuits are driven to provide high-quality
design, prototyping and production services with a customer-first
attitude,” stated Joe O’Neil, President of Power Design. “Their
combination creates tremendous upside. Praesidian’s support and ability
to meet an aggressive closing timeline were key to the transaction’s
success.”

Ryan Shultz, a partner at Evolve Capital, commented: “We are always
excited to have Praesidian as partners. We have closed several
investments with the Praesidian team and they have consistently
delivered.”

“We see great value in this business and are pleased to support such a
talented management team,” remarked Glenn Harrison, Praesidian Capital
Partner. “The acquisition will enhance the commitment to service, speed,
and quality present in both organizations.”

ABOUT POWER DESIGN AND GREEN CIRCUITS

Together, Power Design and Green Circuits represent a full-service
contract manufacturer for the Electronics Manufacturing Services (EMS)
industry with a focus on prototyping and high mix, medium volume
assembly. The combined company provides high speed, precision assembly
of all types of printed circuit boards and specializes in quick turn
manufacturing services where reduced time-to-market is essential to the
latest technologies to meet the demands of both lead free and leaded
manufacturing. Their objective is to provide solutions through all
phases of product assembly, with processes and systems that are
registered to AS9100 and ISO13485 quality standards.

ABOUT PRAESIDIAN CAPITAL

Praesidian Capital is an innovative private investment firm focused on
providing senior and subordinated debt along with growth capital to
private lower middle market businesses in the United States, United
Kingdom, Germany, and selectively in Northern Europe. Praesidian invests
in established small and mid-sized companies, often in connection with
management buyouts, recapitalizations, and refinancings. Based in New
York with an office in London, Praesidian manages nearly $1 billion in
committed capital. For more information, visit praesidian.com.

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