BOSTON, MA, — Riverside Partners, a Boston-based private equity firm, announced today that its portfolio company Thinklogical LLC, the leading global manufacturer of secure, high-performance KVM signal extension and switching systems for video-rich applications, has entered into a definitive agreement to be acquired by Belden Inc. (NYSE: BDC). The transaction is expected to close in the second quarter 2017, subject to regulatory approvals and other closing conditions.
Headquartered in Milford, Connecticut, Thinklogical offers the most robust line of uncompressed, high-bandwidth signal stream and flexible switching options, making the Company’s solutions ideal for high-availability applications such as command and control, intelligence, broadcast control rooms and post-production environments. Riverside Partners acquired Thinklogical in 2010.
Steven F. Kaplan, General Partner at Riverside Partners and Chairman of the Board of Thinklogical, said, “Thinklogical truly embodies what we at Riverside Partners seek to achieve in partnership with our portfolio management teams — the transformation of a founder-owned company with a strong technology foundation into a professional, sustainable and much larger enterprise. During our ownership, the company expanded its sales presence globally, accelerated its technology leadership, and increased the breadth of product and services offered to clients.”
My management team and I are delighted that Thinklogical has found our next partner in Belden, who recognizes the highly differentiated solutions that Thinklogical brings to the market. Joe Pajer Chief Executive Officer, Thinklogical
“My management team and I are delighted that Thinklogical has found our next partner in Belden, who recognizes the highly differentiated solutions that Thinklogical brings to the market,” said Joe Pajer, Thinklogical’s Chief Executive Officer. “Over the past seven years, Riverside Partners has enabled the Company to become a significant global player. The Belden platform will allow Thinklogical to continue to scale, to extend our reach and to deepen our offerings globally to meet our customers’ needs today and well into the future.”
Michelle Noon, General Partner at Riverside Partners, added, “We are thrilled about this outcome for Thinklogical and extremely proud of the team. Under Joe’s leadership and our ownership, the Company expanded its client base across multiple end-market applications including military and intelligence, broadcast and post-production. With its global reputation for superior technology and innovation, exemplary employees and high-quality, discerning customers, we are confident that Thinklogical will continue to achieve its significant potential.”
About Riverside Partners LLC
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies in the technology and healthcare sectors. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Riverside Partners seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.
Riverside Partners Contact:
Michelle Noon
General Partner
617-351-2818
mnoon@riversidepartners.com
Steve Kaplan
General Partner
617-351-2820
skaplan@riversidepartners.com