Wilson Electronics, a manufacturer of cellular signal boosters, has been acquired by Sorenson Capital.
Robert Van Buskirk, president, CEO and board member of Wilson Electronics.
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.
Van Buskirk was recently named president and chief executive officer of Wilson Electronics, and to the company's board of directors.
Most recently, Van Buskirk served as president of RF Micro Device's (RFMD) Multi-Market Products Group from November 2007 to March 2012.