ABACUS FINANCE PROVIDES SENIOR DEBT FINANCING TO SUPPORT THE ADD-ON ACQUISITION BY ARTEMIS FOR MAURY MICROWAVE OF WIRELESS TELECOM GROUP
New York, NY, September 12, 2023 - Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it 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, Inc. – 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.
About Wireless Telecom Group, Inc.
Wireless Telecom Group, Inc. – comprised of Boonton, Holzworth, and Noisecom – is a global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments. Serving the wireless, telecommunication, satellite, military, aerospace, and semiconductor industries, Wireless Telecom Group products enable innovation across a wide range of traditional and emerging wireless technologies. With a unique set of high-performance products including peak power meters, signal generators, phase noise analyzers, signal processing modules, noise sources, and programmable noise generators, Wireless Telecom Group enables the development, testing, and deployment of wireless technologies around the globe. Wireless Telecom Group is headquartered in Parsippany, New Jersey and maintains a global network of sales and service offices providing excellent product service and support. For more information, please visit wirelesstelecomgroup.com.
About Maury Microwave, Inc.
Headquartered in Ontario, CA, Maury Microwave, Inc. designs and manufactures state-of-the-art RF measurement and interconnect solutions that enable the world’s best wireless communication technologies and networks to get better, faster, and stronger. For more information, please visit maurymw.com.
About Artemis
Headquartered in Boston, MA, Artemis is a specialized private equity firm focused on partnering with differentiated Industrial Tech companies, whose people and products enable a healthier, safer, more connected, productive, and equitable world. For more information on Artemis, please visit: www.artemislp.com.
About Abacus Finance Group, LLC
Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity/family office-sponsored, lower middle-market companies across diverse industries. Since Abacus’s inception in 2011, it has closed over $3 billion in financings. The firm targets private debt financing opportunities of up to $50 million and finances companies with EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.
Abacus Finance is located at 335 Madison Avenue, 23rd Floor, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-462 or cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.
The Total Partnership Approach™, a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge and exceptional client service over the lifecycle of each investment – all providing our sponsors with certainty of close and giving them peace of mind. Our team’s deep industry knowledge combined with an obsession for efficiency results in a turnaround time of under 72 hours. This swift response time is just one aspect of our Total Partnership Approach™ – a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions.
Why should you Count on Us™? The answer lies in the deep partnerships we forge by going well above and beyond what sponsors traditionally have come to expect. We don’t believe in the phrase “good enough.” We push ourselves to create custom financing solutions tailored for each company – deals are started from the ground up, and we work side-by-side with the private equity sponsors we serve during each stage of the transaction life cycle.