Windjammer Capital Investors ("Windjammer") is pleased to announce that it has successfully exited its investment in Infinite RF Holdings, Inc. ("Infinite RF" or the "Company") through a sale to Genstar Capital. Terms of the transaction were not disclosed.
Headquartered in Irvine, California, Infinite RF is a niche-oriented, multi-channel supplier of engineering-grade radio frequency and microwave connectors, adapters, and custom manufactured cable assemblies, as well as active RF components. The Company serves nearly 50,000 customers via the broadest inventory in the industry, coupled with technical support capabilities and a global distribution footprint with same-day shipment capabilities. Infinite RF offers a compelling value proposition to R&D engineers, MRO technicians, and other technically oriented customers in a broad range of end-markets including military/aerospace, industrial, telecommunications, and electronics.
Windjammer Capital Investors acquired Pasternack Enterprises in 2008 in partnership with management. In 2010, it acquired Fairview Microwave creating Infinite RF as a result of the combination. During Windjammer's ownership period, revenues more than doubled as the Company transitioned from an operating platform based on traditional catalog-based direct marketing business to a scalable, multi-channel specialty supplier with a leading digital customer interface and content rich website that serves as a resource to the Company's engineering-oriented customer base.
"We congratulate Terry Jarnigan and his team on successfully building the Company, both organically and through acquisition," said Jeff Miehe, Managing Director of Windjammer Capital Investors. "Infinite RF has grown significantly and evolved to become a stronger and more innovative organization as a result of management and Windjammer's collaborative efforts. Terry and his team have done a tremendous job, building a comprehensive web strategy, implementing a robust new product introduction process and significantly expanding Infinite RF's geographic presence; all of which position the business for continued growth in the future."
"Windjammer has been a great partner during a period of significant growth and transformation for Infinite RF," said Terry Jarnigan, CEO of Infinite RF. "Their growth oriented approach, coupled with strategic, financial and operational resources helped us to elevate our performance, product offering and service levels, ultimately driving significant revenue growth. Looking forward, we are excited to partner with Genstar Capital to continue to expand our market leading capabilities and offering."
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management. Windjammer manages over $2 billion of committed capital with respect to its control equity investment strategy, and since its founding in 1990, has completed over 50 platform acquisitions and over 100 strategic add‐ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.
More information on Windjammer can be found at www.windjammercapital.com.
If you would like more information or have any questions related to this transaction, please contact Jeffrey Miehe or Matt Anderson at 949-721-9944.