Industrial Growth Partners-backed APCT, a manufacturer of high reliability printed circuit boards, completed the acquisition of Advanced Circuits, a manufacturer of printed circuit boards serving automotive, consumer electronics and aerospace industries, from Compass Diversified, an operator of middle-market businesses, for $220m. “We partnered with John and Jeff Yacoub and the Advanced Circuits management team over sixteen years ago. They have been exceptional partners and friends over that period, and we are proud to have supported them as they built a true industry leader at Advanced Circuits. We believe our permanent capital structure and the longer holding period it afforded CODI in this partnership helped create significant value for our shareholders. APCT represents the right partner for the company in the next step of its journey and we wish them success," Elias Sabo, Compass Diversified CEO.