SEATTLE and SPICEWOOD, Texas, July 23, 2018 (GLOBE NEWSWIRE) — Abracon, LLC, a portfolio company of Evergreen Pacific Partners, Washington state’s largest private equity fund, has been sold to The Riverside Company, a global private equity investment firm.
Founded in 1992, and headquartered in Spicewood, 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, real time clocks (RTC), Bluetooth modules, filtered RJ45 jacks, SAW filters and resonators, power and RF inductors, transformers, antennas and wireless charging coils. The company is ISO9001-2015 certified with design & application engineering resources in Texas and sales offices in Texas, California, China, Taiwan, Scotland, Israel, Hungary, England, Brazil, Canada, Mexico and Germany. Abracon’s products are offered through its global distribution network.
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 540 transactions. The firm’s international portfolio includes more than 80 companies.
Evergreen Pacific Partners, which manages two private equity funds totaling $700 million, invests in traditional buyouts, management led buyouts, and growth equity investments involving traditional middle-market companies in the Western U.S. and Canada. Its investors include foundations, endowments, pension funds and West Coast-based CEOs with experience in Evergreen’s target industries.
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