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Genstar Capital acquires Abracon from Riverside

The Riverside Company has sold Abracon a specialist in passive components, has been acquired by Genstar Capital, a private equity firm focused on investments in targeted segments of the industrials, financial services, healthcare, and software industries.

Abracon a leader in passive components, has been acquired by Genstar Capital, a private equity firm focused on investments in targeted segments of the industrials, financial services, healthcare, and software industries.

Abracon’s technical expertise and product offerings span frequency control and timing devices, inductor and connectivity products, and RF and antenna solutions through a global distribution network. Premier brands powered by Abracon include Ecliptek, Fox, and ProAnt which enable innovative and connected IoT solutions in markets spanning communication, consumer, transportation, medical, industrial, aerospace, and defence.
 
Mike Calabria, who has led the growth and transformation of the company for the past seven years assumes the position of Executive Chairman. Tony Roybal, who joined the company in 2021 as chief operating officer, has been appointed president and chief executive officer.

Riverside acquired a majority stake in Abracon on 2018, and has supported four add-on acquisitions since – ProAnt in July 2021, AEL Crystals in March 2021, Fox Electronics in 2020 and ILSI America in 2019.

Financial terms of the transactions have not been disclosed.

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