Genstar Capital, a leading middle-market private equity firm focused on investments in targeted segments of the industrial technology, software, healthcare, and financial services industries, today announced the acquisition of Infinite RF Holdings Inc. (IRF), a market leading supplier of engineering grade radio frequency (RF) technology components.
Based in Irvine, Calif., Infinite RF offers a broad range of connectivity components and assemblies serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, education/medical, and telecommunications markets. Operating under the Pasternack and Fairview brand names, IRF serves a global engineering customer base with deep technical expertise and one of the broadest inventories of RF products available for immediate shipment.
Rob Rutledge, managing director at Genstar, said, “The IRF management team, led by CEO Terry Jarnigan, has done an excellent job building a strong reputation and a loyal customer base through intense customer focus and flawless execution. The Company will continue to benefit from increased R&D in the RF space including from secular trends in automation and internet of things. The IRF acquisition builds upon Genstar’s continued commitment to the industrial technology sector. We believe through our partnership with the management team, IRF will accelerate growth both organically and through strategic acquisitions.”
Terry Jarnigan, president and chief executive officer of IRF, said, “The global RF market is highly attractive and IRF’s products address a wide selection of applications. IRF leads the industry in terms of new product introductions which has led to proven and stable growth and we continue to see tremendous potential for adjacent product lines to serve existing customers and fulfill product needs of new customers. Genstar has extensive expertise investing in the industrial technology sector and we look forward to working with them to accelerate the growth of the company.”
Visit www.gencap.com for more information.