Rob Rutledge, Managing Director at Genstar, said, "The IRF management team, led by CEO Terry Jarnigan, has done an excellent job building a strong reputation and a loyal customer base through intense customer focus and flawless execution. The Company will continue to benefit from increased R&D in the RF space including from secular trends in automation and internet of things. The IRF acquisition builds upon Genstar's continued commitment to the industrial technology sector. We believe through our partnership with the management team, IRF will accelerate growth both organically and through strategic acquisitions."
Terry Jarnigan, President and Chief Executive Officer of IRF, said, "The global RF market is highly attractive and IRF's products address a wide selection of applications. IRF leads the industry in terms of new product introductions which has led to proven and stable growth and we continue to see tremendous potential for adjacent product lines to serve existing customers and fulfill product needs of new customers. Genstar has extensive expertise investing in the industrial technology sector and we look forward to working with them to accelerate the growth of the company."
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $5 billion and targets investments focused on selected sectors within the industrial technology, software, healthcare, and financial services industries.
Contact: Chris Tofalli
Chris Tofalli Public Relations
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SOURCE Genstar Capital