Riverside Co buys majority of Abracon

The Riverside Co has acquired a majority of Abracon. Financial terms weren’t announced. Evergreen Pacific Partners is the seller. Abracon, of Spicewood, Texas, provides passive and electromechanical timing, synchronization, power, connectivity and radio frequency solutions. Antares Capital and Bain Capital provided financing. Jones Day acted as legal counsel while KPMG was accounting adviser.

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