Infinite RF Holdings Inc., backed by the Genstar Capital private equity firm, has acquired L-Com Global Connectivity, supplier of wired and wireless connectivity products. L-Com is the first add-on for Infinite RF, which Genstar purchased earlier this year from Windjammer Capital Investors.
Besides L-Com, the PE firm is pursuing additional acquisitions for Infinite RF as a growth strategy, says Rob Rutledge, a Genstar managing director. Infinite RF, based in Irvine, California, sells radio frequency technology components to nearly 100,000 customers in the aerospace, defense, industrial, government, consumer electronics, instrumentation, education, medical and telecommunications markets.
L-Com Global, of North Andover, Massachusetts, offers services and products for the electronics and data communications industries, including cable assemblies, connectors, adapters, computer networking equipment and a line of wireless products that includes antennas, radio frequency amplifiers, lightning and surge protectors, and enclosure boxes for hazardous electrical equipment.
Genstar, based in San Francisco, focuses on investing in middle-market companies in the industrial technology, software, healthcare and financial services industries. The firm's PE funds have more than $5 billion in investor capital commitments. The firm recently acquired Accruent, a real estate software company with 5,400 customers, and sold Netsmart Technologies Inc., a health care software provider, to the GI Partners PE firm and Allscripts Healthcare Solutions Inc. (Nasdaq: MDRX).
In another deal involving wired connectivity parts, the Snow Phipps Group private equity firm recently acquired Winchester Electronics Corp., maker of custom-engineered wire connectors and related parts for power and data transmission, from Audax Private Equity. On the wireless technology side, the Infineon Technologies AG chipmaker recently agreed to acquire the Wolfspeed Power unit of Cree Inc., maker of compound semiconductors and power-management chips.