Latin America. Thinklogical announced the signing of a definitive agreement to be acquired by the Belden group. Thinklogical is a portfolio company of Riverside Partners, a Boston-based private equity firm. The transaction is expected to close in the second quarter of 2017, subject to regulatory approvals and other closing conditions.
"Thinklogical has been an exciting investment for Riverside Partners," said Steven F. Kaplan, general partner of Riverside Partners and chairman of thinklogical's board of directors. "During Riverside's investment period, the Company's earnings quadrupled and Thinklogical introduced more than 80 new products to the market. The management team has led an aggressive sales and marketing expansion worldwide, while expanding its technology leadership position with the introduction of an innovative industry-leading TLX 10Gbps solution. We are very proud of the achievements of the Thinklogical team."
Joe Pajer, President and CEO of Thinklogical, said, "We are excited about the possibilities this transaction creates for Thinklogical and its customers around the world. Belden offers the potential for greater reach and further acceleration of our growth in markets such as military and intelligence, broadcast, and mission-critical command and control. We look forward to the exciting opportunities ahead as part of the Belden family."
