Salt Lake City-based private equity firm Sorenson Capital has acquired Wilson Electronics, a manufacturer of high-performance cellular phone signal boosters, antennas and other mobile device accessories.
Terms of the deal were not disclosed, but Sorenson typically buys or invests in companies with revenues from $20 million to $200 million, and earnings of $3 million to $25 million.
Solamere Capital, the private equity firm co-founded by Mitt Romney's eldest son Taggart Romney, was a minor co-investor. (For more on Taggart Romney, see our October 2012 cover story "Friends of Mitt.")
Sorenson managing directors Fraser Bullock and Tim Layton are set to join Wilson Electronics’ board of directors.
Wilson Electronics is headquartered in St. George, Utah.