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Wednesday, Feb 8, 2023
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PE Firm Sells Electronics Supplier

Newport Beach-based Windjammer Capital Investors, one of Orange County’s long-standing private equity firms, sold Irvine-based electronics components supplier Infinite RF Holdings Inc. on undisclosed terms to San Francisco-based private equity firm Genstar Capital.

Genstar typically invests $50 million to $300 million in companies with enterprise values of $50 million to $1 billion.

Infinite RF is a supplier of radio frequency components and has 50,000 customers in the military, aerospace, telecommunications and electronics industries.

Its revenue has more than doubled since the company switched to being a multichannel supplier from a traditional catalog-based direct marketing business, a Windjammer news release said.

The company was formed in 2010 by Windjammer through the combination of Pasternack Enterprises in Irvine and Allen, Texas-based Fairview Microwave.

Windjammer launched in 1990 as part of Pacific Life Insurance Co. and has raised more than $2 billion in investment capital.

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