H.I.G. Capital has acquired ATX Networks, a designer and developer of patented, radio frequency and digital video processing equipment.
ATX’s equipment is used by cable operators and private video networks, audio/visual integrators, and telecommunication companies. Cable operators rely on the company’s radio frequency (RF) equipment to increased bandwidth to their subscribers, while ATX’s non-RF products are used by network operators to deliver video and data services to end users, including transcoding and encoding, bulk video transition gateways, and content streaming products. The company is headquartered in the Toronto suburb of Ajax and has a light-manufacturing facility in Stuart, FL and a state-of-the-art research and development center in Petach-Tikva, Israel (www.atxnetworks.com).
“ATX is an industry leader with a long track record of innovation and unrivaled customer service,” said Camilo Horvilleur, Principal at H.I.G. Capital. “The company is well-positioned for continued growth given strong demand for broadband services. ATX’s management team and industry leading product portfolio provide an ideal platform to build on through both organic initiatives and add-on acquisitions.”
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. Capital has more than $17 billion of capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Milan, Paris, and Rio de Janeiro (www.higcapital.com).
“We believe highly-favorable industry trends along with our continued focus on product innovation, positions ATX for success in both the short and long term,” said Ken Wildgoose, ATX’s President and CEO. “We are excited about the future of the company and feel our partnership with H.I.G. and their plans to invest in the business will allow us to attain our next level of growth.”
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-15-15
