(WBNG Binghamton) Intergrian Holdings submitted the winning bid to purchase Endicott Interconnect Technologies.
The company is owned by EIT minority shareholder, James Matthews Jr.
The auction took place Tuesday night at a Syracuse law firm. There were three other bids submitted.
The state has offered $2.5 million to keep EIT jobs local.
EIT filed for Chapter 11 bankruptcy protection on July 10.
A U.S. Bankruptcy Court is holding a hearing on Thursday in Utica to approve or deny the winning bid. If the bid is approved, the sale of EIT will move on without further court action.