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Abacus Finance Provides Senior Debt Financing to Support Add-On Acquisition by Artemis for Maury Microwave

September 12, 2023, 07:33 AM
Filed Under: Telecom

Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the add-on acquisition by Artemis for Maury Microwave of Wireless Telecom Group. Additionally, Abacus Finance Group made an equity co-investment in Wireless Telecom Group.

Wireless Telecom Group – comprised of Boonton, Holzworth, and Noisecom – is a global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments. Headquartered in Ontario, CA, Maury Microwave, Inc. designs and manufactures state-of-the-art RF measurement and interconnect solutions. Artemis is a Boston-based private equity firm focused exclusively on acquiring and growing differentiated industrial technology companies.

“Abacus provided us with assurance of certainty of closure throughout the process,” said Artemis Operating Partner Bill Pezza.

“We were once again pleased to support an Artemis transaction,” said Tim Clifford, President and CEO of Abacus. “As in past transactions, our success was a function of our speed and flexibility – key aspects of our Total Partnership Approach™.” “Artemis, which has fantastic depth in industrial technology, is an excellent group to work with,” added Abacus Managing Director Eric Petersen.
Abacus team members involved in the transaction included Eric Petersen and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

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