SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Spectral Response, LLC ("Spectral" or the "Company") in the sale of substantially all of its assets to an affiliate of Hunter Technology Corp. ("Hunter"). The sale was effectuated through Article 9 of the Uniform Commercial Code and closed in March 2014.

Headquartered in Lawrenceville, GA, Spectral operates as an electronic manufacturing services ("EMS") company that specializes in contract manufacturing of circuit boards and electric components for various commercial and industrial applications.  Spectral complements its unique EMS services with strong engineering support, flexible supply chain management, quality process controls, customized program management and a lean manufacturing culture.  The Company recently suffered a combination of reduced revenue and gross margin pressure which resulted in considerable liquidity constraints.

SSG was retained in November 2013 as Spectral's investment banker to explore a sale of substantially all of the Company's assets. SSG conducted a comprehensive marketing process which resulted in a wide range of potential buyers, including multiple strategic and financial parties interested in purchasing the Company as a going concern. Hunter submitted an offer that maximized the value of the business and provided the Company with long term support and liquidity to facilitate its future growth. SSG's experience in identifying buyers and running an expedited sales process enabled the Company to continue as a going concern while preserving the jobs for the majority of Spectral's employees.

Headquartered in Milpitas, CA, Hunter Technology Corp. is a leading EMS provider, focused on delivering specialized design, engineering and manufacturing services. Hunter helps clients design, engineer, build, test and ship reliable, mission-critical electronics products. Hunter has provided military, aerospace and medical customers with highly reliable engineering and manufacturing solutions for more than 40 years.

Other professionals who worked on the transaction include:

• James M. Matour of Dilworth Paxson LLP, counsel to Spectral Response, LLC;
• William H. Henrich and Brian Mittman of Getzler Henrich & Associates LLC, financial advisors to Spectral Response, LLC;
• Brian D. Doerner, Steven M. Miller and Tobey M. Daluz of Ballard Spahr LLP, counsel to the equity sponsor of Spectral Response, LLC;
• Theodore B. Sylwestrzak and Allison R. Bach, counsel to the senior lender; and
• David M. Serepca and Elizabeth Kurr of McMahon Serepca LLP, counsel to Hunter Technology Corp.

SSG Contacts on this deal include:

• Mark E. Chesen, Managing Director
• Luis A. Pillich, Director
• Neil Gupta, Vice President
• Andrew E. Finley, Analyst

SSG Capital Advisors is an independent boutique investment bank that assists middle-market companies and their stakeholders in completing special situation transactions. SSG provides its clients with comprehensive advisory services in the areas of mergers and acquisitions, private placements, financial advisory, financial restructurings and valuations. SSG has a proven track record of closing over 200 transactions in North America and Europe and is one of the leaders in the industry.