HIG Capital affiliate buys ATX Networks from Pamlico Capital
An affiliate of U.S. private equity firm HIG Capital has bought ATX Networks Corp, a Toronto-based designer, manufacturer and marketer of products for the global cable television industry and private video networks. The acquisition's value was not disclosed. The transaction provided an exit to U.S. private equity firm Pamlico Capital, which initially invested in the company in 2010. HIG said ATX and its product portfolio "provide an ideal platform to build on through both organic initiatives and add-on acquisitions." Founded in 1985, the company has a light manufacturing facility in Stuart, Florida and a research centre in Petach-Tikva, Israel.
16 June 2015•4 mins read
