June 28, 2013

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Article

Sorenson Capital Acquires Wilson Electronics

Press Release

June 28, 2013

St. George — Wilson Electronics, a manufacturer of cellular signal boosters, has been acquired by Sorenson Capital. In addition, Sorenson Capital managing directors Fraser Bullock and Tim Layton, as well as principal LeGrand Lewis, have joined Wilson Electronics’ board of directors. Solamere Capital co-invested in a minor capacity alongside Sorenson Capital.

“As a market share and performance leader in its industry, Wilson represented a compelling investment opportunity,” said Lewis. “We look forward to continuing Sorenson Capital’s tradition of taking companies to the next level by capitalizing on Wilson’s strong product leadership and transformational growth opportunities.”

Wilson’s patented technologies and market-proven designs have solved weak signal connectivity problems for individual cellular subscribers and cellular users in business and government settings for more than 14 years. Through antennas and signal-boosters, Wilson's products provide strong signal reception and reliable data transfer for offices, homes and commercial buildings located in weak signal areas, as well as mobile environments such as vehicles.

“We are thrilled to have found a strategic partner in Sorenson Capital to assist us in delivering improved cellular service on a greater scale,” said Jim Wilson, founder of Wilson Electronics, who will continue to serve on the company’s board of directors. “With Sorenson Capital on board, we anticipate a significant growth phase as we continue to develop technology and consumer, enterprise and industrial products that drive value for cellular users,” said Robert Van Buskirk, president, CEO and board member of Wilson Electronics.

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