Amphenol agrees to acquire AdvancedPCB, subject to U.S. regulatory approval

Amphenol's AdvancedPCB acquisition remains conditional

An IGP press release announced on Nov. 3, 2026, that Industrial Growth Partners had agreed to sell AdvancedPCB to Amphenol. Amphenol is a U.S. manufacturer of electrical and electronic connectors and interconnect systems. The proposed sale would place the Aurora, Colorado-based maker of high-reliability printed circuit boards under Amphenol's ownership, but the transaction has not closed. It remains subject to U.S. regulatory approval and customary closing conditions, and neither party has disclosed an expected closing date.

Under the announced structure, IGP is the seller and transferor of AdvancedPCB, while Amphenol is the buyer and intended transferee. If the consideration is paid in cash, Amphenol would be the prospective cash payer and IGP the prospective cash recipient. The purchase price was not disclosed, and the reviewed reporting does not confirm any cash amount or completed cash transfer.

AdvancedPCB's six-site U.S. footprint

AdvancedPCB serves defense, aerospace and industrial customers from six sites in the United States. The company is headquartered in Aurora, Colorado, and has operated since 1977. The reviewed reporting provides no production volumes, technical specifications or performance benchmarks for its boards.

IGP-backed expansion before the sale

IGP acquired AdvancedPCB in October 2021 with members of management and outside co-investors. The company has since grown through organic expansion and several acquisitions, with the acquired businesses brought together under a single brand. IGP says AdvancedPCB has also deepened its focus on high-reliability markets while investing in manufacturing capacity, automation and assembly capabilities.

AdvancedPCB CEO Greg Halvorson said IGP's continued support had allowed the company to invest in equipment, technology and people at a time he described as growing demand from aerospace and defense primes and emerging defense-technology companies.

Closing awaits regulatory clearance and other conditions

The transaction's next verifiable checkpoint is U.S. regulatory approval and satisfaction of the customary closing conditions. Until the sale closes, AdvancedPCB remains under IGP's ownership. No closing timetable was disclosed, and the reporting does not establish what operational changes, if any, will follow.