Tapco/Citizens Bank

Tapco Circuit Supply is a value-added distributor of copper clad laminate, select chemistries, and other products required by domestic printed circuit board (PCB) manufacturers. Since being founded in 1982, this second generation family-owned business had grown through strategic acquisitions and expansion of successful distribution agreements. The Company made the strategic decision in 2009 to change their product line at a time when the US economy, banking environment, and domestic PCB industry were all in disarray. Promontory was engaged to help the Tapco attract new sources of financing during a period of growth for the Company. Promontory’s engagement helped Tapco to navigate through growth opportunities, maintain the existing family ownership structure of the Company, and secure a more attractive senior debt financing arrangement with a new lender.