Second Flight Capital Announces Acquisition of Panel Control Incorporated (PCI), Expanding Capabilities in Electronics and Controls Manufacturing
Dayton, OH (December 2024)-Dayton-based Second Flight Capital, along with its Mission Partner Investors, announces it has purchased Panel Control Incorporated (PCI), a trusted leader in custom control panel solutions based in Anna, Ohio. This strategic acquisition was finalized December 31, 2024, and marks an important milestone in strengthening Second Flight’s Electronics and Controls Manufacturing platform, which also includes Qualtronics, a leading provider of custom wire harnesses and cabling solutions.
Kyle Brandon, Founder and Managing Partner of Second Flight Capital noted, “PCI’s outstanding reputation, innovative approach, and talented team align with our platform’s core value of partnering with and preserving what is great about each organization. This transaction matches well with Second Flight’s vision of magnifying impact in our communities while ensuring long-term growth and value creation. Together, we are focused on maintaining PCI’s legacy and enhancing opportunities for its customers, employees, and stakeholders."
Robert Schwab, Senior Partner at Second Flight Capital, added: “This acquisition underscores our commitment to investing in organizations with strong leadership and proven track records of success. PCI is an exceptional company, and we are thrilled to support their continued growth and innovation as part of our platform.”
A Vision of Growth and Collaboration
PCI and Qualtronics will combine their expertise, technical resources, and customer-driven approaches to deliver industry-leading turnkey solutions across material handling, agriculture, heavy truck, construction, and power OEM sectors.
The integration of PCI into Second Flight Capital’s portfolio enhances its ability to deliver comprehensive solutions, combining PCI’s excellence in control panels with Qualtronics’ expertise in wire harnesses and cabling. Together, the companies will continue their commitment to quality, innovation, and strong partnerships.
“The synergies between PCI and Qualtronics are unmatched,” said Tim Fries, President and CEO of Qualtronics and PCI. “This partnership not only strengthens our market presence but also creates significant opportunities for our employees and customers. What makes this even more exciting is the alignment of our shared values. Both PCI and Qualtronics are deeply committed to fostering the personal, professional, and spiritual development of our employees. By bringing together two outstanding teams, we are setting the stage for accelerated innovation and industry leadership while staying true to our core values.”
Luke Wade, EVP & COO of Qualtronics and PCI, echoed this sentiment: “Working together, our teams will deliver greater efficiency and innovation to the industries we serve. This collaboration is a great example of how shared expertise and vision drive success.”
Finding the Right Partner
Sandy Wells, President of PCI, emphasized the importance of partnering with Second Flight Capital: “In Second Flight, we found a partner that shares our vision and values. Their commitment to fostering growth while maintaining a focus on quality and relationships made them the right choice for PCI. This collaboration ensures our legacy of excellence continues while positioning us for an exciting future.”
About PCI
Founded in Anna, Ohio, Panel Control Incorporated (PCI) specializes in high-quality custom control panels, offering turnkey design, custom painting, cable assembly, and field support to a diverse range of industries. Visit PCI at www.pciconnects.com
