Infinite Electronics has been acquired by Warburg Pincus from Genstar Capital. The investment will support Infinite’s geographic and product line expansion; its entry into new, high-growth markets; and enhanced digital capabilities. Terms of the transaction were not disclosed.
Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity products for the aerospace, defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s proprietary brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMe Cables, INC Installs, Integra Optics and NavePoint.
Penny Cotner, president and chief executive officer of Infinite Electronic, said, “Infinite Electronics was created to serve as the definitive electronic components source for engineers in need, supporting our customers with urgent deadlines with the industry’s broadest offering of products that are in stock and ready to ship same day. This investment will further strengthen and expand our industry-leading product portfolio, while enhancing our mission to provide our global engineering customer base with deep technical expertise and support. We are excited to partner with Warburg Pincus to accelerate the company’s mission and strategy. We would like to thank Genstar Capital for their close partnership with our team and for their valuable contributions and strategic insight over the years.”
Rob Rutledge, managing director of Genstar Capital, commented, “Since our investment in Infinite in 2016, we have supported numerous growth acceleration initiatives, including new product expansions and successfully completing six acquisitions. We are grateful for the partnership with management over the past few years and wish Penny and team best of luck in Infinite’s next chapter of growth.”
Warburg Pincus has been a long-time, active investor in the industrials sector, with significant experience investing in suppliers of highly-engineered components and distributors, including TransDigm, Extant Aerospace, Scotsman, Sundyne, CPP, Duravant and TriMark.
Jeffrey Goldfaden, managing director and the head of the industrials segment at Warburg Pincus, said, “We look to partner with world-class management teams and support market-leading companies with multiple paths for growth. Infinite Electronics is uniquely positioned to grow both organically and through continued strategic acquisitions, with the opportunity to benefit from key secular trends including the adoption of IoT, 5G deployment, industrial automation, connected vehicles, and global data traffic growth."