MIAMI, FL – (November 19, 2009) Trivest Partners (“Trivest”) today announced that its affiliate, ATX Networks Corp. (“ATX” or the “Company”), has acquired the complete RFWorx® and SignalOn® series of RF signal management products from ADC Telecommunications, Inc. (NASDAQ: ADCT, “ADC”). ADC’s line of RF signal management products provides ATX with a full suite of innovative RF solutions for the cable, satellite and telecom marketplace. The RFWorx® and SignalOn® product lines add two well-known brand names to ATX’s existing portfolio of RF signal management products currently sold under the MAXNET® and MAXNET II® brands. The acquisition of ADC’s RF product line is the first add-on for ATX, which Trivest and ATX’s management team acquired in August 2008. ATX was funded with capital from Trivest Fund IV, a $325 million private investment fund.
Ken Wildgoose, ATX’s President and CEO, said, “The acquisition of the RFWorx® and SignalOn® product lines provides us with another product offering that is of excellent quality and high performance. In addition, this transaction broadens our global customer base and makes us a leader in the RF signal management space. We will continue to seek acquisitions that strengthen our position in the industry and meet the needs of our customers.”
Chip Vandenberg, Trivest partner and ATX’s Chairman, added, “We are excited to have completed our first add-on at ATX. Our acquisition strategy at the Company is to acquire businesses that augment and/or expand our existing product portfolio.”
ATX Networks is a leading designer and manufacturer of equipment for cable operators. ATX designs and manufactures a diversified suite of products used to fulfill the everyday requirements of the world’s largest cable companies for their network operations, maintenance and expansion needs. Headquartered in Ajax, Ontario, the Company has assembled a blue-chip customer base that includes every major cable operator in the United States and Canada. ATX focuses its product offering in the cable headend, but its product portfolio includes equipment found across the entire cable network architecture. For additional information, please visit www.atxnetworks.com.
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 145 transactions, totaling nearly $4.0 billion in value. For additional information, please visit www.trivest.com.