Astrodyne Corporation, a portfolio company of Audax Private Equity, has completed the acquisitions of Radius Power and the EMI/RFI filters and electronic controls division of LCR Electronics (LCR).
The acquisitions of Radius and LCR expand the operations of Astrodyne into the EMI and RFI filters segment of the power electronics components manufacturing industry. EMI and RFI filters are passive electronic devices used to suppress conducted interference present on any power or signal line. These filters may be used to suppress the interference generated by the device itself as well as to suppress the interference generated by other equipment.
Radius is a designer and manufacturer of EMI and RFI filters primarily for the telecom, semi-conductor, industrial, and military end markets. The company is headquartered in Yorba Linda, CA (www.radiuspower.com).
LCR designs and manufactures EMI and RFI filters primarily for the industrial, military/aerospace, and white goods end markets. The company is headquartered in Norristown, PA (www.lcr-inc.com).
Astrodyne Corporation is a designer, manufacturer, and distributor of AC/DC power supplies, DC/DC converters, and external and wall-mount power adapters through catalog, direct sales, and internet. With operations in the United States, China, and Taiwan, the company serves industrial, audio/visual, medical, instrumentation, and distribution end markets. Audax Group acquired Astrodyne from American Capital Strategies in April 2008. With the purchases of Radius and LCR, Astrodyne has now completed four add-on acquisitions, including, RO Associates (March 2010) and Jerome Industries (May 2011). Astrodyne is headquartered in Mansfield, MA (www.astrodyne.com).
“Astrodyne is a global developer and manufacturer of specialized power solutions for demanding applications. The acquisitions of Radius and LCR expand Astrodyne’s product offering to include a comprehensive line of EMI and RFI filters. We will continue to work with CEO Peter Kaczmarek to execute a growth strategy focused on new product introductions, geographic expansion, and strategic add-on acquisitions,” said Oliver Ewald, Managing Director of Audax Private Equity.
The Audax Group makes control investments of $10 million to $100 million in middle market companies with transaction values of $25 million to $500 million. Sectors of interest include industrial manufacturing; energy; outsourced industrial services; consumer products; healthcare devices and services; non-asset based logistics; technology; aerospace & defense; business services; and direct marketing. The firm was founded in 1999 and has offices in Boston and New York (www.audaxgroup.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-6-13
