Abracon (Riverside-backed) Acquires ProAnt AB

Atlantic Coastal Acquisition Corp. II Completes Business Combination with Abpro Corporation

November 13, 2024

Biotechnology

Abpro Corporation and Atlantic Coastal Acquisition Corp. II completed their business combination and the combined company will operate as Abpro Holdings, Inc., with Abpro Corporation as a wholly owned subsidiary. The company is expected to begin trading on Nasdaq under the ticker ABP (and ABPWW for warrants); South Korea's Celltrion participated in a $5.0 million PIPE and appointed Soo Young Lee to Abpro's board.

Genstar Capital Acquires Abracon from The Riverside Company

July 6, 2022

Manufacturing

Genstar Capital has acquired Abracon LLC, a Texas-based manufacturer and global distributor of passive electronic components, from The Riverside Company. Genstar said it will support Abracon's organic growth and pursue focused M&A to expand product offerings and global reach while Abracon's CEO Michael Calabria assumes Executive Chairman and Tony Roybal becomes President and CEO.

The Riverside Company / Abracon Acquire AEL Crystals Ltd (Add-on)

March 9, 2021

Manufacturing

The Riverside Company has invested in AEL Crystals Ltd as an add-on to its Abracon platform. AEL, a long-established UK supplier of quartz-based frequency control components and RF products based in Salfords/Earlswood, will bolster Abracon’s EMEA presence while Riverside plans to expand AEL’s geographic footprint, product innovation, and sales and engineering capabilities.

Abracon Acquires Fox Electronics

December 10, 2020

Manufacturing

Abracon LLC has acquired Fox Electronics, a Fort Myers, Florida-based supplier of frequency control products, as an add-on to the Abracon platform. The deal was executed while Abracon is majority-owned by The Riverside Company and expands Abracon’s timing and frequency product portfolio, sales channels and inventory to better serve automotive, telecom, IoT and medical end markets.

Abracon Acquires ILSI America (Add-on to Riverside-backed Abracon)

December 23, 2019

Manufacturing

Abracon, LLC has acquired ILSI America LLC and its brands ILSI, MMD, Ecliptek and Oscilent, expanding Abracon's timing and frequency control product portfolio. The deal was executed as an add-on to the Riverside Company’s Abracon platform to broaden product categories, sales channels and customer reach in timing, synchronization and RF end markets.

CONET Technologies Acquires PROCON IT AG

December 12, 2019

IT Services

CONET Technologies, a portfolio company of H.I.G. Capital, has agreed to acquire PROCON IT AG. The deal strengthens CONET's presence in southern Germany and expands its capabilities in SAP Business Intelligence, data intelligence, and cloud solutions; PROCON IT's management will remain in place.