BB&T Capital Markets Serves as Exclusive Financial Advisor to Zentech Manufacturing in its Sale to BlackBern Partners
On May 10, 2019, Zentech Manufacturing, Inc. (“Zentech” or the "Company"), a portfolio company of NewSpring (“NewSpring”), was acquired by BlackBern Partners (“BlackBern”). BB&T Capital Markets served as the exclusive financial advisor to Zentech.
About the Companies
Headquartered in Baltimore, MD, Zentech is a leading provider of highly technical electronics solutions for mission-critical applications in the defense, aerospace, medical, communications, and industrial markets. The Company’s services primarily include design, engineering, manufacturing, and testing of printed circuit board assemblies. Zentech focuses on low volume, high mix, high-complexity opportunities where they can leverage their technical expertise and industry-leading certifications to deliver superior solutions for demanding applications.
NewSpring partners with high-performing, lower-middle-market companies to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.8 billion across four distinct private equity strategies: growth equity, healthcare, control buyout, and mezzanine debt. Having invested in over 150 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond.
BlackBern Partners LLC invests in mature operating companies in the lower middle market, partnering with management teams that have a proven track record of success and providing capital to realize organic growth and acquisition opportunities. BlackBern is industry agnostic and focuses on situations where it can see specific opportunities to add value. BlackBern was founded in 2010 and is based in New York, New York.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.