Irvine-based Infinite Electronics Inc., a global supplier of electronic components for wired and wireless communications networks, has expanded its family of brands as the company got off to a strong start for this year.
The company said Jan. 6 it had acquired Libertyville, Ill.-based NavePoint LLC, an online provider of networking equipment and services.
“It’s a great little company that we picked up in the racks and enclosure space,” Chief Executive Penny Cotner told the Business Journal a week later. The acquisition “fits across many, many of the categories that we have in the Infinite brands already.”
NavePoint has about 25 employees. Financial details of the transaction were undisclosed.
“These are effectively equipment racks and many of the categories that we serve, like Ethernet, fiber, connectivity and all of the interconnecting cables and jumpers that go between these things fit into those systems,” she said.
The addition will bring Infinite’s brands to 13. Under Infinite’s leadership and management support, NavePoint will continue to operate as an independent brand.
Cotner said the acquisition “provides a unique opportunity to expand our technical reach to data center customers, corporate office buildings and other industries. NavePoint products expand Infinite’s current portfolio in high-quality racks and cabinets, rack shelving, accessories and more.”
Urgency in DNA
Infinite Electronics offers a range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical, data center, and telecommunications markets.
Infinite Electronics says its component supplies serve “the urgent requirements of engineers around the globe” with “same-day shipping, broad inventory selection, 24/7 service.”
“Urgency. It’s in our DNA,” Cotner said. She said shipping takes place with “very, very low to no lead time.”
Infinite Electronics’ portfolio of brands includes Pasternack Enterprises, whose radio frequency and microwave products are used in military, aerospace and commercial industries; L-com, which makes a variety of cable assemblies, connectors, adapters and wireless products; and Fairview Microwave, whose products serve engineers and systems designers in commercial and military markets.
The company said its offerings total more than 100,000 components.
Infinite’s production sites are at its headquarters in Irvine; Lewisville, Texas; two in China; and one in Mexico. The company’s other locations include an R&D center in Idaho, a facility for some assembly work in Missouri and offices in North Andover, Mass. and Latham, N.Y.
Cotner said the prospects for the just-started year are good.
“It’s been a really solid start,” she said. “We’ve seen some strong tailwinds already coming out of Q4, actually through most of Q4 coming into Q1.”
The latest purchase raises the question of whether more acquisitions are in the future.
“We always have acquisitions in mind. That’s part of the normal course of our business,” Cotner said. “We’re always looking at how we can expand.”
Data and analytics provider Dun & Bradstreet has estimated that Infinite has annual revenue of about $300 million. Privately held Infinite doesn’t disclose its sales figures.
Infinite Electronics ranked No. 11 by local employee count, with 143 area workers, in the Business Journal’s July list of top telecommunications and wireless companies in Orange County. The company has about 1,000 employees globally.