Laurus Master Funds has sold Thinkpath Engineering Services

Los Angeles, CA — The management of Thinkpath Engineering Services, Inc. (“TESI” or the “Company”) has acquired the Company in a management-led buyout from Laurus Master Funds, Ltd. (“Laurus”). TESI is a provider of customized engineering solutions which include Design Engineering, CAD, Technical Documentation & Training and Technical Placement services.

TESI was founded in 1977 and currently has four offices in the United States located in Dayton, OH, Columbus, IN, South Plainfield, NJ and Tampa, FL and a Canadian office in Toronto, Ontario. TESI serves clients in a variety of industries including aerospace and defense, environmental, heavy equipment, medical devices, security and material handling and logistics. After providing a revolving credit facility in 2005, Laurus made an additional equity investment in TESI to fund the Company’s growth, including the acquisition of the Multi-Tech Group, Inc. After exploring a variety of possible transactions, FocalPoint assisted Laurus in successfully effectuating a management buyout of TESI. Management’s deep understanding of the Company’s operations and desire to be independent ultimately resulted in the highest valuation and a successful sale of the Company.

Rajesh Sood, a Managing Director at FocalPoint, explained, “We are pleased to have advised Laurus on this successful exit which demonstrates our ability to structure transactions in complex situations. When management and shareholders have diverging interests, a management-led buyout can often be the optimal exit. Those deals require an ability to manage potential conflicts and deliver a true win/win outcome for both parties.”

About Thinkpath Engineering Services, Inc. 
Thinkpath Engineering Services, Inc. is a provider of customized engineering solutions which include Design Engineering, CAD, Technical Documentation & Training and Technical Placement services. TESI serves clients in a variety of industries including aerospace and defense, environmental, heavy equipment, medical devices, security and material handling and logistics. TESI operates out of five locations throughout the U.S. and Canada which include Dayton, OH, Columbus, IN, South Plainfield, NJ, Tampa, FL, and Toronto, Canada. For more information on Thinkpath, please visit www.thinkpath.com.

About FocalPoint 
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings and distressed transactions. The firm serves middle market clients throughout the U.S.

Please contact Rajesh Sood at (310) 405-7000 with any questions about this transaction.