Continental Electronics, manufacturer and supplier of advanced RF transmission equipment, has been acquired by Lone Star CRA Fund LP, a Dallas-based private equity firm. The stock acquisition includes all of Continental’s product lines, as well as its extensive customer base. Lone Star purchased the 62-year-old company from New York-based Veritas Capital.
Lone Star’s Founder and Managing Partner Arthur Hollingsworth said, “Continental Electronics is an excellent addition to our portfolio. For generations, Continental has led the broadcast industry in technology advances. For example, Continental has been at the forefront in developing technology that paved the way for the digital revolution, making the conversion practical and cost-effective. We plan to continue to support Continental in its efforts to be the industry leader in radio frequency (RF) transmission equipment.”
The transition will be transparent to Continental Electronics’ customer base. Continental Electronics will continue to offer to its worldwide customers full support for all of its product lines, including spare parts and sales for various transmitter products.