Abracon Corp., an Irvine, California-based maker of frequency control, signal conditioning, clock distribution and magnetic components, received a private equity investment from Evergreen Pacific Partners.
The amount of the deal was not disclosed.
The growth equity investment will enable the company to accelerate its growth through strategic partnerships and acquisitions, expanding products, geographic locations and sales channels.
Co-founded in 1992 by Chris Polley and Don Bebout, who will both continue to lead the business as equity partners with Evergreen, Abracon is a global manufacturer of passive electronic components for frequency control, signal conditioning, wireless communication, power management and magnetic components.
It offers a broad selection of Quartz Timing Crystals, Crystal and MEMS Oscillators, Real Time Clocks, Antennas, Bluetooth Modules, Ceramic Resonators, SAW Filters and Resonators, Inductors, Transformers, Circuit Protection Components and Wireless RF Communication components. The company is ISO9001-2008 certified with design, application engineering, and testing resources in California and Illinois; and Sales offices in Texas, California, China, Taiwan, Singapore, Scotland, and Germany. Products are offered through its Global Distribution Network to commercial, industrial, consumer and select COTS-Military markets.
Commenting on the investment, Chris Polley, Abracon Chief Executive Officer said: “With this investment, we will make strategic partnerships and acquisitions, allowing us to serve more customers in more places through an expanded product line, new geographic reach and new channel partnerships“.