Abacus Finance Group, a provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies, served as senior secured credit facilities administrative agent and lead arranger to support the add-on acquisition by Artemis for Maury Microwave of Wireless Telecom Group. Additionally, Abacus Finance Group made an equity co-investment in Wireless Telecom Group.
Wireless Telecom Group, comprised of Boonton, Holzworth and Noisecom, is a global designer and manufacturer of advanced RF and microwave components, modules, systems and instruments. Headquartered in Ontario, Maury Microwave designs and manufactures state-of-the-art RF measurement and interconnect solutions. Artemis is a Boston-based private equity firm focused exclusively on acquiring and growing differentiated industrial technology companies.
“Abacus provided us with assurance of certainty of closure throughout the process,” Bill Pezza, operating partner at Artemis, said.
“We were once again pleased to support an Artemis transaction,” Tim Clifford, president and CEO of Abacus, said. “As in past transactions, our success was a function of our speed and flexibility – key aspects of our total partnership approach.”
“Artemis, which has fantastic depth in industrial technology, is an excellent group to work with,” Eric Petersen, managing director of Abacus, said.
Abacus team members involved in the transaction included Eric Petersen and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs.
