May, 2016 - Windjammer Exits Investment in Infinite RF Holdings, Inc.
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."
About Windjammer Capital Investors
Windjammer Capital Investors, with offices in Newport Beach, California and Waltham, Massachusetts, is a private investment firm, partnering with management teams to make control investments in leading middle market businesses. Founded in 1990, Windjammer has raised nearly $2 billion in committed institutional capital and maintains a successful track record with more than 50 platform investments. Windjammer is currently investing from its $726 million Windjammer Senior Equity Fund IV, which closed in March of 2013. 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.