Houlihan Lokey Advises Isola Group and Cerberus Capital Management
Isola, a portfolio company of Cerberus, has been acquired by Principal Mineral
Sellside Advisor
Houlihan Lokey is pleased to announce that Isola Group (Isola), a premier manufacturer of copper-clad laminates and dielectric prepregs used in printed circuit boards (PCBs), majority-owned by Cerberus Capital Management, has been acquired by Principal Mineral, a leader in rebuilding the industrial “missing midstream” of the global strategic materials supply chain.
Founded in 1912, Isola brings more than a century of experience and is a recognized global leader in advanced materials for the electronics industry, boasting an extensive global footprint strategically located for just-in-time delivery. Headquartered in Chandler, Arizona, the company operates six manufacturing facilities across three continents—including South Carolina, Arizona, Germany, Taiwan, and operations in China with manufacturing facilities in Huizhou and Suzhou. Isola’s critical components ensure the high performance and reliability of advanced PCBs, supporting essential, high-growth sectors such as aerospace, communications, satellite technology, AI infrastructure, and automotive applications.
Isola focuses on delivering high-quality dielectric materials, technical expertise, and recognized platforms in high-Tg, lead-free-compatible, and low-loss applications to advanced technology manufacturers worldwide. This transaction brings together Isola with Principal Mineral’s existing operations—including Camden Copper in Camden, South Carolina, a key U.S. plant acquired in 2025 that supplies defense-grade copper foil—to strengthen the manufacturing capabilities that underpin advanced electronics and reduce supply-chain vulnerabilities. Following the transaction, Principal Mineral will employ approximately 1,300 people across 10 facilities globally, encompassing manufacturing, R&D, technical support, and sales operations.
Houlihan Lokey served as the exclusive financial advisor to Isola and Cerberus Capital Management. This transaction underscores the firm’s strong presence and deep expertise in the industrials and advanced materials sectors. It highlights Houlihan Lokey’s capabilities in executing complex, multinational transactions involving critical supply-chain components as well as the firm’s track record of delivering successful outcomes for our clients.