Sperry Mitchell Advises NEL Frequency Controls on its Sale to Abracon

New York, NY (July 5, 2023) – NEL Frequency Controls, Inc. (“NEL”) of Burlington, WI, a developer and manufacturer of leading-edge frequency control products, has been acquired by Abracon, LLC (“Abracon”) of Spicewood, TX, a portfolio company of Genstar CapitalSperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to NEL. Godfrey & Kahn served as NEL’s legal representative for the transaction.

(www.nelfc.com)  is a technology leader in developing and manufacturing leading-edge frequency control products. Customers choose NEL to supply the optimal solution for applications requiring crystal oscillators with challenging performance specifications, such as ultra-low phase noise, ultra-low power, and ultra-high frequency capabilities. NEL’s research and product development efforts support next-generation customer applications that push performance boundaries in system speed, bandwidth, resolution, accuracy, and power consumption.

“NEL Frequency Controls is excited about partnering with the Abracon team and product lineup. Abracon’s global market reach combined with NEL’s ultra-low phase noise frequency control product offering is an industry force multiplier,” explained Chuck Ulland, President of NEL Frequency Controls. “The synergies created by our strategic alliance will enhance our ability to deliver incredible value to our customers.”

Abracon (www.abracon.com) is a trusted supplier of innovative electronic components, including Frequency Control, Timing, Power, Magnetics, RF and Antenna solutions. Servicing world-class companies across the data communication, transportation, industrial, medical, consumer, aerospace, and defense industries, Abracon accelerates customers’ time-to-market by providing unmatched product solutions, technical expertise, and service excellence.

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $35 billion of assets under management. 

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.


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