Wilson Electronics, a manufacturer of cellular signal boosters, has been acquired by Sorenson Capital. Solamere Capital co-invested in a minor capacity alongside Sorenson Capital.
Wilson Electronics designs and manufactures cellular signal boosters, antennas and related components that improve fixed and mobile cellular communications. Products are used in consumer, enterprise and industrial applications. The company is based in St. George, UT (www.wilsonelectronics.com).
“As a market share and performance leader in its industry, Wilson represented a compelling investment opportunity,” said LeGrand Lewis of Sorenson Capital. “We look forward to continuing Sorenson Capital’s tradition of taking companies to the next level by capitalizing on Wilson’s strong product leadership and transformational growth opportunities.”
Sorenson Capital invests from $10 million to $25 million in small to middle-market buyout and growth equity opportunities with a particular focus on companies located in the Mountain and Western regions of the United States. Sorenson Capital has $650 million in capital under management and is headquartered in Salt Lake City (www.sorensoncapital.com).
“We are thrilled to have found a strategic partner in Sorenson Capital to assist us in delivering improved cellular service on a greater scale,” said Jim Wilson, founder of Wilson Electronics, who will continue to serve on the company’s board of directors. “Through the industry’s most advanced line of cellular signal boosters, we help solve the leading issues facing the cellular industry today – dropped calls and inadequate data access due to poor signal penetration through vehicles and buildings while we boost weak signal strength.”
Solamere Capital makes both direct and fund of fund investments. For direct investments, the firm invests between $2.5 million and $75 million in companies with an EBITDA of at least $2.5 million. For fund of fund investments, the Solamere will invest from $1 million to $25 million per transaction in private equity funds, venture capital funds, turnaround/distressed debt funds, and special situation funds. Solamere Capital is led by Taggart Romney. The firm was founded in 2008 and is based in Boston (www.solameregroup.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-26-13
