SigmaTron International, Inc. has been taken private by Transom Capital Group

SigmaTron International, Inc.

Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. (formerly NASDAQ: SGMA) is a global provider of electronic manufacturing services (EMS), offering printed circuit board assemblies, electro-mechanical subassemblies and completely assembled box-builds. SigmaTron and its wholly owned subsidiaries have manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua and Tijuana, Mexico; Union City, California; Suzhou, China; and Biên Hòa City, Vietnam. The company maintains an International Procurement Office and Compliance and Sustainability Center in Taipei, Taiwan.

The Deal

Lincoln International served as the exclusive investment banking advisor to SigmaTron, working closely with the board of directors and management team to work through strategic alternatives. Lincoln International helped negotiate an amendment with the company’s lenders while running a full sale process that culminated in the execution of a definitive merger agreement.

The transaction marks a significant privatization within the EMS sector. Under the terms of the agreement, an affiliate of Transom Capital Group has acquired all outstanding shares of SGMA’s common stock for $3.02 per share in cash, representing a premium of approximately 134% over SGMA’s closing share price at the time of signing the merger agreement on May 20, 2025. A fairness opinion, also completed by Lincoln International, was provided to the board in connection with the transaction.

Our Perspective

Jack Calderon, Lincoln International Senior Director in the Technology Group who led the transaction, commented, “SigmaTron is a long-standing EMS company well known for its manufacturing capabilities and exceptional customer service. Transom’s acquisition represents a unique opportunity to further enhance SigmaTron’s operations and strategically capitalize on the company’s attractive global footprint. Lincoln International is honored to have led this transaction and brought Transom and SigmaTron together.”

Brendan Murphy, Lincoln International Managing Director in the Capital Advisory Group who was involved in the transaction, commented, “Lincoln International was honored to serve as SigmaTron’s trusted advisor in evaluating a full range of strategic alternatives. Leveraging our deep expertise in capital advisory and mergers and acquisitions, we delivered a tailored solution that aligned with SigmaTron’s long-term goals. This outcome reflects our collaborative, cross-functional approach and unwavering commitment to guiding clients through complex transactions.”

Transom Capital Group

Transom is a leading operationally focused private equity firm that thrives in complexity, specializing in identifying and unlocking value in the middle market. Founded in 2008 and headquartered in Los Angeles, Transom has established a strong track record across various economic cycles by employing a time-tested, operationally intensive strategy to drive transformative outcomes. Transom’s expertise spans corporate carve-outs, lender-owned businesses and other complex situations requiring speed, flexibility and precision. Supported by a large in-house operations team, Transom delivers tailored solutions backed with functional expertise to help companies unlock their full potential.

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