Austin, Texas – Abracon, LLC (Abracon), The Heartbeat of the IoT®, a leading global manufacturer of frequency control, timing, synchronization, RF, connectivity and power solutions announces investment from The Riverside Company. The investment represents the next step in Abracon’s growth and enables expansion into new geographical regions increasing opportunities in new markets with new products.
“We are excited to partner with Abracon’s management team to accelerate this company’s growth,” said Riverside Managing Partner Suzy Kriscunas. “Its innovative offerings, impressive performance and market tailwinds make this an incredible opportunity for growth as we help expand Abracon’s capabilities into other products and markets.”
“The Riverside Company, an ideal partner and investor, shares a synergy with Abracon,” voices Abracon CEO Michael Calabria. “Building on a foundation of quality, delivery and customer focus, Abracon is positioning itself for rapid growth by investing in technology and support needed by today’s demanding electronics industry. We are happy to accept investment from The Riverside Company that firmly solidifies our expansion plans.”
“Our management team is thrilled to work with The Riverside Company,” says Mike White, VP of Global Sales with Abracon. “They have displayed a long term commitment that ultimately benefits all of Abracon’s customer base. We are excited that The Riverside Company will be helping to fuel our company’s bright future.”
Amid this investment, Abracon continues to release record numbers of new products in a variety of technologies including antennas, RJ45 jacks, inductors, MEMS oscillators, miniaturized quartz crystals and high performance oscillators. The company continues its partnerships with major semiconductor companies in the form of reference designs and bill of materials support. Abracon remains committed to supporting all existing products. Markets in industrial, Internet of Things (IoT), wearables, medical monitoring, drone, automotive, transportation, smart agriculture, augmented/virtual reality, communications, networking and cloud computing remain key focus industries.
About Abracon, LLC | The Heartbeat of the IoT®
Founded in 1992, and headquartered in Austin, Texas, Abracon is a leading global manufacturer of passive and electromechanical timing, synchronization, power, connectivity and RF solutions. Abracon offers a wide selection of quartz timing crystals and oscillators, MEMS oscillators, power and RF inductors, transformers, RF antennas and wireless charging coils, Bluetooth modules, SAW filters and resonators. The company is ISO9001-2015 certified with design & application engineering resources in Texas and sales offices in Texas, California, China, Taiwan, Singapore, Scotland, India, Israel, Hungary, UK, and Germany. Abracon’s products are offered through its global distribution network.
For more information about Abracon, visit www.abracon.com.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 520 transactions. The firm's international portfolio includes more than 75 companies.
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