Transom Capital Completes Acquisition of SigmaTron International

Rhea-AI Summary

SigmaTron International (formerly NASDAQ: SGMA), a global electronic manufacturing services provider, has been successfully acquired by Transom Capital Group in a take-private transaction. The deal was completed at $3.02 per share in cash, with 71.9% of outstanding shares (4,401,189 shares) tendered.

SigmaTron operates seven global manufacturing facilities, including five in North America. Following the acquisition, SigmaTron's common stock has ceased trading and been delisted. The partnership aims to enhance SigmaTron's operations, drive growth through strategic M&A, and leverage Transom's operational expertise to strengthen customer partnerships.

Positive

• Take-private acquisition provides immediate cash value of $3.02 per share to shareholders
• Strong tender offer acceptance with 71.9% of shares tendered
• Strategic positioning with 7 global manufacturing facilities, including 5 in North America
• Partnership with Transom Capital provides operational expertise and M&A growth opportunities

Negative

• Delisting from NASDAQ removes public trading liquidity for remaining shareholders
• Non-tendering shareholders forced to accept merger consideration

Insights

M&A Specialist

Transom Capital completes SigmaTron take-private deal at $3.02/share with 71.9% tender rate, ending its public listing.

The completed acquisition of SigmaTron International by Transom Capital represents a definitive exit for public shareholders at $3.02 per share in cash. With the transaction now closed, SigmaTron has ceased trading as a public company, concluding its NASDAQ listing.

The tender offer secured 71.9% of outstanding shares (4,401,189 shares), indicating substantial shareholder acceptance of the deal terms. This level of participation exceeded the typical threshold needed to complete such transactions, allowing Transom to move forward with the acquisition.

Strategically, Transom appears focused on SigmaTron's manufacturing footprint—particularly its five North American facilities among seven global locations. This positioning is especially valuable in today's complex tariff environment where reshoring and near-shoring have become priorities for many electronics companies seeking supply chain stability.

The private equity firm has outlined three primary value creation avenues: operational enhancements, sales growth initiatives, and strategic M&A opportunities. While maintaining SigmaTron's current leadership team headed by Gary Fairhead suggests operational continuity, Transom's involvement signals a more aggressive growth trajectory leveraging its middle-market expertise.

For the broader Electronic Manufacturing Services (EMS) sector, this transaction reflects ongoing private equity interest in manufacturing assets with established North American operations—a trend likely to continue as companies navigate global supply chain restructuring and seek geographical diversification of production capabilities.

LOS ANGELES and ELK GROVE VILLAGE, Ill., July 28, 2025 (GLOBE NEWSWIRE) -- Transom Capital Group (“Transom”), an operationally focused middle-market private equity firm, and SigmaTron International, Inc. (formerly NASDAQ: SGMA) (“SigmaTron” or the “Company”), a global electronic manufacturing services (EMS) provider, today announced the successful completion of Transom’s previously announced acquisition of SigmaTron. With the closing of the transaction, SigmaTron’s common stock has ceased trading and will no longer be publicly listed.

“We are excited to embark on this next chapter in partnership with Transom,” said Gary Fairhead, Chairman and CEO of SigmaTron. “With Transom’s support and operational expertise, we are well positioned to accelerate our long-term strategic objectives, strengthen our customer partnerships and continue delivering innovative solutions across our diverse end markets.”

“We are thrilled to welcome SigmaTron to the Transom portfolio and to partner with its leadership team in driving the Company’s next phase of growth,” said Conor Davenport, Managing Director at Transom. “Through this take-private, we see significant opportunities to enhance SigmaTron’s sales, operations, and profitability, and to drive further growth through strategic M&A. With seven global manufacturing facilities, including five in North America, SigmaTron is uniquely positioned to navigate today’s macroeconomic and tariff environment while continuing to deliver best-in-class solutions to its customers. This investment reflects Transom’s commitment to supporting manufacturing businesses, and we look forward to helping SigmaTron accelerate operational excellence and capture new industry opportunities.”

Transaction Details

Transom’s tender offer to acquire all issued and outstanding shares of SigmaTron’s common stock, at a purchase price of $3.02 per share in cash, expired as scheduled at one minute after 11:59 p.m., Eastern Time, on July 24, 2025, and was not extended.

Equiniti Trust Company, LLC, the depositary and paying agent for the offer, confirmed that 4,401,189 shares (71.9% of the outstanding shares) were validly tendered and not withdrawn. Accordingly, all conditions to the offer were satisfied, and the shares have been accepted for payment.

Advisors

Kirkland & Ellis LLP is serving as legal advisor to Transom. Lincoln International is serving as exclusive financial advisor to SigmaTron; Greenberg Traurig, LLP and Howard & Howard Attorneys PLLC are serving as legal advisors to SigmaTron.

About SigmaTron

Headquartered in Elk Grove Village, Illinois, SigmaTron operates in one reportable segment as an independent provider of electronic manufacturing services (EMS), which includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electronic products. SigmaTron and its wholly-owned subsidiaries operate manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana, Mexico; Union City, California; Suzhou, China; and Biên Hòa City, Vietnam. In addition, SigmaTron maintains an International Procurement Office and Compliance and Sustainability Center in Taipei, Taiwan.

About Transom Capital

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.

Transom’s sector-flexible approach is grounded in pattern recognition, value creation, and disciplined execution. The firm provides not only capital, but also the tools, insights, and operational capabilities necessary to accelerate performance and create long-term value.

For more information, visit www.transomcap.com.

Media Contacts

FGS Global for Transom Capital
transomcapital@fgsglobal.com

FAQ

What is the acquisition price for SigmaTron (SGMA) by Transom Capital?

Transom Capital acquired SigmaTron at $3.02 per share in cash through a tender offer.

How many SigmaTron (SGMA) shares were tendered in the Transom acquisition?

4,401,189 shares, representing 71.9% of outstanding shares, were validly tendered and not withdrawn.

What happens to SigmaTron's stock after the Transom acquisition?

SigmaTron's common stock has ceased trading and will no longer be publicly listed on NASDAQ following the completion of the take-private transaction.

How many manufacturing facilities does SigmaTron have?

SigmaTron operates seven global manufacturing facilities, with five located in North America.

What are Transom's plans for SigmaTron after the acquisition?

Transom plans to enhance SigmaTron's sales, operations, and profitability, drive growth through strategic M&A, and accelerate operational excellence.