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Birmingham, Michigan – May 28, 2019 – Angle Advisors is pleased to announce that Libra Industries, Inc. (“Libra” or the “Company”) has been acquired by CapitalWorks, LLC (“CapitalWorks”). Angle Advisors acted as the exclusive investment banking advisor to Libra in completing this transaction.

Headquartered in Mentor, Ohio with an additional location in Richardson, Texas, Libra Industries, Inc. is a full-service solutions provider of engineered printed circuit board assemblies, electromechanical assemblies, and electronic control solutions. Libra was founded in 1980 and has been led by the Howell family ever since.

As a leading EMS contract manufacturer serving the medical, aerospace and defense and industrial markets, Libra will complement another CapitalWorks portfolio company, GEMCITY Engineering and Manufacturing, which is a contract manufacturer providing comprehensive manufacturing services for complex equipment used in the aerospace & defense, medical, packaging and industrial markets.

Founder and CEO, Rod Howell, commented, “We felt CapitalWorks would be the ideal partner to drive the continued growth of Libra. CapitalWorks has deep experience in contract manufacturing and a strong network of industry experts that support its investments.”

Todd Martin, Managing Director with CapitalWorks stated, “We are excited to partner with a local, family-owned business and management team that share our passion for excellence within contract manufacturing.”

Rod Howell added “The shareholders would like to thank the team at Angle Advisors. They did an outstanding job of differentiating our business and helping to find the right partner to achieve our goals. Their industry knowledge and relationships, along with their transaction expertise, proved critical to making this a highly successful transaction.”

About Libra Industries

Libra Industries ( is a leading provider of integrated Electronic Manufacturing Services (EMS), serving OEMs with complex or technologically sophisticated manufacturing requirements in a broad range of industries including industrial automation, medical, military and aerospace, instrumentation and LED lighting. Four world-class manufacturing facilities allow Libra Industries to provide customers with manufacturing flexibility including complete system build, module and subassembly production, as well as simple to complex PC board assembly. With an ongoing commitment to investment in people, quality systems, and the latest manufacturing equipment and processes, Libra Industries is committed to managing their clients’ products from initial design and prototype to full production; assisting their clients in their efforts to improve time to market, reduce total systems cost, and increase quality.

About CapitalWorks

CapitalWorks, LLC ( is a Midwestern private equity firm that encourages its knowledgeable investors to partner with it in finding, vetting and owning companies. Based in Cleveland, Ohio, CapitalWorks acquires lower middle-market companies in niche manufacturing, value added distribution, and business services industries and gives them the capital, support and freedom to grow. Recent acquisitions include Ohio Blow Pipe, C&M Conveyor, and GEMCITY. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation and investment process.


Located in Dayton, Ohio, GEMCITY Engineering and Manufacturing ( is a contract manufacturer providing comprehensive manufacturing services for the aerospace & defense, medical, packaging and industrial markets. GEMCITY’s world class level of quality, commitment to service and advanced manufacturing capabilities provide the company with the ability to fully manage customers’ complex bill of materials.

About Angle Advisors

Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm’s professionals have completed 211 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit


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