Wilson Electronics said on Wednesday that it has been acquired by Sorenson Capital. Solamere Capital was a minor co-investor. No financial terms were disclosed. Also, Sorenson Capital Managing Directors Fraser Bullock and Tim Layton join Wilson Electronics’ board of directors. Based in St. George, Utah, Wilson Electronics is a provider of wireless communication services.
ST. GEORGE, Utah–(BUSINESS WIRE)–Wilson Electronics, a manufacturer of North America’s top-selling line of cellular signal boosters, today announced that it has been acquired by Sorenson Capital. In addition, Sorenson Capital Managing Directors Fraser Bullock and Tim Layton, as well as Principal LeGrand Lewis, have joined Wilson Electronics’ board of directors. Solamere Capital co-invested in a minor capacity alongside Sorenson Capital.
“As a market share and performance leader in its industry, Wilson represented a compelling investment opportunity,” said Lewis. “We look forward to continuing Sorenson Capital’s tradition of taking companies to the next level by capitalizing on Wilson’s strong product leadership and transformational growth opportunities.”
Wilson’s patented technologies and market-proven designs have solved weak signal connectivity problems for individual cellular subscribers and cellular users in business and government settings for more than 14 years. Through easy-to-install antennas and signal boosters, Wilson’s signal amplifying solutions provide strong signal reception and reliable data transfer for offices, homes and commercial buildings located in weak signal areas, as well as mobile environments such as vehicles.
“We are thrilled to have found a strategic partner in Sorenson Capital to assist us in delivering improved cellular service on a greater scale,” said Jim Wilson, founder of Wilson Electronics, who will continue to serve on the company’s board of directors. “Through the industry’s most advanced line of cellular signal boosters, we help solve the leading issues facing the cellular industry today – dropped calls and inadequate data access due to poor signal penetration through vehicles and buildings while we boost weak signal strength.”
“With Sorenson Capital on board, we anticipate a significant growth phase as we continue to develop technology and consumer, enterprise and industrial products that drive value for cellular users,” said Robert Van Buskirk, president, CEO and board member of Wilson Electronics.
About Wilson Electronics, LLC
Wilson Electronics, LLC, a leader in the wireless communications industry for more than 40 years, designs and manufactures the industry’s broadest product portfolio of cellular signal boosters, antennas and related components that significantly improve fixed and mobile cellular communication for use in consumer, enterprise and industrial applications worldwide. All Wilson products are designed, manufactured and tested at the company’s U.S. headquarters. Wilson signal booster product solutions fully comply with FCC regulations and are FCC type accepted and Industry Canada (IC) certificated. For more information visit www.wilsonelectronics.com.
About Sorenson Capital
Sorenson Capital (www.sorensoncapital.com) is a private equity fund that makes small to middle-market buyout and growth equity investments. Sorenson Capital has $650 million in capital under management and typically makes investments of $10 to $25 million in companies with unique strategic positions. Sorenson Capital is managed and controlled by West Rim Capital and is based in Salt Lake City, Utah.