Lighthouse Molding Completes Financing Deal Through St. Amour Capital Partners
By Business Wire News
By Business Wire News
STERLING HEIGHTS, Mich.
Lighthouse Molding, Inc. (LMI) announced an agreement for a credit facility from Saint Amour Capital Partners LLC (SACP) and other investors to adequately fund the company’s current capital needs and to allow for the further expansion of LMI’s business.
Scott Reisfield, the Chief Marketing Officer of Lighthouse Molding stated, “The partnership we are entering with SACP gives us tremendous flexibility to pursue sustained growth while continuing to provide first class service to our customers. This financing will allow Lighthouse Molding to further exploit its technological advantages in electronic assembly encapsulation.”
LMI’s Sureshot™ technology significantly improves the production cost of low pressure overmolding technology (LPO) by reducing short shots to nearly zero, LPO technology is a major advance in the protection of electronic assembles, allowing for lighter pieces with complete encapsulation. LPO replaces conformal coating and potting. Offering better protection at lower costs than these legacy technologies in most cases.
The SACP credit facility comes on the heels of a loan LMI obtained from Automation Alley, a technology business association and business accelerator in Southeast Michigan. “The loan from Automation Alley validated our business plan at one level, while the credit facility from SACP allows LMI to step up to a new level and takes care of our working capital needs for the foreseeable future,” Reisfield stated.
Saint Amour Partners LLC arranged the credit facility on behalf of its affiliate, Saint Amour Capital Partners LLC, and other investors. Saint Amour Partners is a boutique merchant banking firm based in New York, NY. The principals of Saint Amour Partners, SACP and their investment partners have executed in excess of $30 billion in equity and debt financings and Mergers & Acquisitions advisory transactions.
Lighthouse Molding, Inc. (www.lighthousemolding.com) is the technology leader in low pressure overmolding (LPO) solutions to encapsulate and protect electronic assemblies. The company designs and manufactures LPO machinery, supplies LPO resins and provides LPO contract manufacturing services. Founded in 2005, Lighthouse Molding is privately held and based in Sterling Heights, Michigan.
Lighthouse Molding, Inc.
Chief Marketing Officer