FST Technical Services

Private | Senior Debt Financing | East West Bank

Provider of a full range of Testing, Inspection & Certification (“TIC”) services to mission critical manufacturing operations of companies in the semiconductor, life sciences, R&D, energy, data center and other industries.

Case

Delancey Street Partners is pleased to announce that FST Technical Services, LLC (“FST” or the “Company”), a portfolio company of Arena Investors, LP (“Arena”) has completed a senior debt financing with East West Bancorp, Inc. (“East West Bank”). Delancey Street Partners served as exclusive financial advisor to FST, managed a targeted process, and negotiated the terms of the senior debt financing.

June 2021
FST Technical Services, LLC
Senior Debt Financing with East West Bancorp, Inc.
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to FST

Delancey Street Partners is pleased to announce that FST Technical Services, LLC (“FST” or the “Company”), a portfolio company of Arena Investors, LP (“Arena”) has completed a senior debt financing with East West Bancorp, Inc. (“East West Bank”). Delancey Street Partners served as exclusive financial advisor to FST, managed a targeted process, and negotiated the terms of the senior debt financing.

About

June 2021
FST Technical Services, LLC
Senior Debt Financing with East West Bancorp, Inc.
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to FST

Situation

FST Technical Services is a provider of a full range of Testing, Inspection & Certification (“TIC”) services to mission critical manufacturing operations of companies in the semiconductor, life sciences, R&D, energy, data center and other industries. The Company’s TIC service offering includes QA/QC, testing, commissioning, equipment services, technical lab services, technical staffing and training. FST’s core expertise is providing technical and logistical solutions for complex manufacturing operations by continually investing in the most advanced equipment and training to meet the needs of rapidly changing industries. The Company’s customers are some of the largest manufacturers in the world. FST is headquartered in Chandler, AZ.

East West Bancorp, Inc. (“East West Bank”) is a public company with total assets of $56.9 billion and is traded on the Nasdaq Global Select Market under the symbol “EWBC”. The Company’s wholly owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California, operating over 120 locations in the United States and in China. The Company’s markets in the United States include California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In China, East West’s presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, and Xiamen.

Arena Investors is an institutional asset manager that provides creative capital solutions for middle-market companies. Since its inception in 2015, Arena has deployed over $2.75 billion into investments that typically range from $5 to $50 million. The firm employs 80+ people globally, and brings decades of experience, a record of providing growth capital to middle-market private companies and supports its portfolio companies with flexible capital solutions.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders, and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising, and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Business Services & Technology, Healthcare, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

Result

The transaction was completed June 16, 2021.
The principals of Delancey Street Partners have significant experience serving the Industrial & Industrial Technology industries.

For additional information about this transaction, please contact:

Additional

Information

The transaction was completed June 16, 2021.
The principals of Delancey Street Partners have significant experience serving the Industrial & Industrial Technology industries.

For additional information about this transaction, please contact:

Patrick E. Dolan

Managing Director Phone: (484) 533 – 6311

Patrick E. Dolan

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