BOSTON -- (BUSINESS WIRE) -- Astrodyne Corporation (“Astrodyne”) a portfolio company of Audax Private Equity (“Audax”), announced it has completed the acquisitions of Radius Power (“Radius”) and the EMI/RFI filters and electronic controls division of LCR Electronics, Inc. (“LCR”). Radius and LCR are leading providers of EMI and RFI filter products to OEM customers worldwide. Headquartered in Yorba Linda, California, Radius is a designer and manufacturer of EMI and RFI filters primarily for telecom, semi-conductor, industrial, and military end markets. LCR, headquartered in Norristown, Pennsylvania, designs and manufactures EMI and RFI filters primarily for industrial, military/aerospace, and white goods end markets. The acquisitions of Radius and LCR expand Astrodyne into the EMI and RFI filters segment, building a leading integrated and diversified power electronics components manufacturer providing custom solutions for highly engineered applications.
Headquartered in Mansfield, Massachusetts, Astrodyne is a designer, manufacturer, and distributor of AC/DC power supplies, DC/DC converters, and external and wall-mount power adapters through direct sales and online. With operations in the United States, China, and Taiwan, Astrodyne primarily serves medical, military/aerospace, and industrial end markets. Since Audax’ acquisition in April 2008, Astrodyne has completed four add-on acquisitions, including, RO Associates and Jerome Industries Corporation.
Oliver Ewald, Managing Director of Audax Private Equity, said “Astrodyne is a global developer and manufacturer of specialized power solutions for demanding applications. The acquisitions of Radius and LCR expand Astrodyne’s product offering to include a comprehensive line of EMI and RFI filters. We will continue to work with Peter Kaczmarek to execute a growth strategy focused on new product introductions, geographic expansion, and strategic add-on acquisitions.”
Peter Kaczmarek, Chief Executive Officer of Astrodyne, said “This is an exciting development for Astrodyne, our employees, and customers. The addition of Radius’ and LCR’s complementary product lines provides a broader offering of power solutions to our customers. We look forward to working with management to build a global EMI filter company within Astrodyne.”
Fredrikson and Byron P.A. and McGladrey advised Astrodyne on the transactions.
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Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.