Genstar Capital, a private equity firm, has purchased Abracon, a provider of passive components.
Abracon’s technical expertise and product offerings span frequency control and timing devices.
Rob Rutledge, managing director at Genstar Capital, said, “Abracon is positioned to drive industry-leading product breadth and fulfillment speeds to grow its footprint and deliver products for global platforms in all critical markets. The management team has done an excellent job building a strong reputation and loyal customer base, and we are excited to support the company’s organic and inorganic growth strategy.”
Weil, Gotshal & Manges served as legal counsel to Genstar in the transaction. Guggenheim Partners, Lincoln International, and Jones Day served as advisors to Abracon in the transaction.