Evergreen Pacific Partners Makes Growth Equity Investment in Abracon Corporation

SEATTLE, WA--(Marketwired - Feb 20, 2015) - Evergreen Pacific Partners (Evergreen), Washington State's largest private equity fund, announced today that it has completed an investment in Irvine, California-based Abracon Corporation (Abracon), a leading global manufacturer of passive electronic components for frequency control, signal conditioning, wireless communication, power management and magnetic components. The two founders of Abracon, Chris Polley and Don Bebout, will continue to lead the business as equity partners with Evergreen. The growth equity investment will enable Abracon to accelerate its growth through strategic partnerships and acquisitions, expanding products, geographic locations and sales channels.

Abracon offers a broad selection of Quartz Timing Crystals, Crystal and MEMS Oscillators, Real Time Clocks, Antennas, Bluetooth Modules, Ceramic Resonators, SAW Filters and Resonators, Inductors, Transformers, Circuit Protection Components and Wireless RF Communication components. The company is ISO9001-2008 certified with design, application engineering, and testing resources in California and Illinois; and Sales offices in Texas, California, China, Taiwan, Singapore, Scotland, and Germany. Abracon's products are offered through its Global Distribution Network to commercial, industrial, consumer and select COTS-Military markets.

"Abracon has been executing on a service-centric growth plan since its founding, and this investment will enable them to expand their already strong position across multiple product categories," said T.J. McGill, co-founder and managing partner of Evergreen Pacific Partners. "Chris has assembled an outstanding team, and we look forward to working with them to seize new opportunities for growth through acquisition and enhanced customer satisfaction."

Abracon was founded in 1992 and grew organically as well as through partnerships with both North American and off-shore manufacturing and technology partners as well as established channel relationships with the leading global distributors of Abracon's products. In 2013, Abracon established a new order fulfillment center in Austin, Texas as a result of the Company's rapid growth in order to better serve its East Coast and European customers.

"Driven by the proliferation of internet enabled devices, we've seen double digit growth in the past two years," said Chris Polley, Chief Executive Officer. "With this investment, we will make strategic partnerships and acquisitions, allowing us to serve more customers in more places through an expanded product line, new geographic reach and new channel partnerships."

Evergreen Pacific Partners, which manages two private equity funds totaling $700 million, invests in traditional buyouts, management led buyouts, and growth equity investments involving middle-market companies in the Western U.S. and Canada. Its investors include foundations, endowments, pension funds, and West Coast-based CEOs with experience in Evergreen's target industries.

About Evergreen Pacific Partners
Based in Seattle, Wash., Evergreen Pacific Partners currently manages two private equity funds totaling $700 million, with a focus on investing in traditional, middle-market companies in Western North America. Evergreen Pacific was co-founded by Timothy Bernardez, T. J. McGill, and Michael Nibarger. Evergreen Pacific's acquisitions and investments include Vantage Mobility International (Phoenix, Ariz.), Gene Juarez Salons & Spas (Seattle, Wash.), Good Source Solutions (Carlsbad, Calif.), Haney Truck Line (Yakima, Wash.), Puget Sound Truck Lines, Inc. (Seattle, Wash.), Nickel Plate Express, Inc. (Portland, Ore.), Nuprecon (Snoqualmie, Wash.), CST Environmental (Brea, Calif.), Marcor Environmental (Baltimore, MD), Radiant Imaging, Inc. (Redmond, Wash.), Zemax Development Corporation (Redmond, Wash.) Thermal Dynamics (Ontario, Calif.), PAC Stainless (Seattle, Wash.), Span Alaska (Auburn, Wash.) and Abracon (Irvine, Calif.).

About Abracon Corporation
Founded in 1992, and headquartered in Irvine, California, Abracon is a global manufacturer of frequency control, signal conditioning, clock distribution and magnetic components. Abracon offers a wide selection of Quartz Timing Crystals, Crystal and MEMS Oscillators, Real Time Clocks, Antennas, Bluetooth Modules, Ceramic Resonators, SAW Filters and Resonators, Inductors, Transformers, Circuit Protection Components and Wireless RF Antennas. The company is ISO9001-2008 certified with design & Application Engineering resources in California & Illinois; and Sales offices in Texas, California, China, Taiwan, Singapore, Scotland, and Germany. Abracon's products are offered through its Global Distribution Network.