Deal Synopsis:
The Lenox Group advised Fox on its sale to Abracon, a portfolio company of The Riverside Company.
Fox Electronics, located in Fort Myers, Florida, was founded in 1979. The Company has become one of the most recognized brands in frequency control and has provided frequency control timing products to the worldwide electronics market for over 40 years. Fox offers conventional products such as Crystals, Automotive Grade Crystals, Tuning Fork Crystals, Conventional Oscillators, Conventional Automotive Grade Oscillators, 32kHz Oscillators, VCXOs, TCXOs, and OCXOs.
Fox sells its products throughout the United States and in foreign markets to Original Equipment Manufacturers (OEM’s), Original Design Manufacturers (ODM’s), independent design firms, and Contract Equipment Manufacturers (CEM’s) using direct sales teams and manufacturer’s representatives.
Based in Spicewood, Texas, Abracon is a leading global manufacturer of passive and electromechanical timing, synchronization, power, connectivity, and RF solutions. Focused on customer service, support, innovation, quality and on-time delivery, Abracon supports over 25,000 active customers and ships over a quarter billion components each year.
The Lenox Group has been fortunate to assist Fox Electronics on five transactions over the history of the firm, spanning back to 2008.