MTI International, Inc. (“MTI”), headquartered in Menomonee Falls, Wisconsin, is a full service provider of electronic contract manufacturing services, including the design and testing of PCB assemblies and custom thick-film hybrid circuit design and manufacturing. MTI offers both low cost and regional manufacturing solutions by providing complete turnkey services which include component procurement, PCB assembly, box build, in-circuit test development, functional test development, printed circuit board layout and hybrid microcircuit design. MTI provides its manufacturing services to several industries, including telecommunications, computers and peripherals, industrial controls, medical, automotive, gaming and consumer products.

Merit provided subordinated debt with warrants to finance the recapitalization by management.