Infinite Electronics Acquires Bulgin Ltd
IRVINE, Calif. (January 19, 2023) Infinite Electronics, Inc. announced today that it acquired Bulgin Ltd, a UK-based developer and manufacturer of connectors and related components for harsh-environment applications. Bulgin was previously owned by Equistone Partners Europe, a leading European mid-market private equity firm.
“By welcoming Bulgin to Infinite Electronics’ growing brand portfolio, we are better positioned to meet the increasing demand for reliable connectivity solutions for harsh environments,” said Infinite Electronics President and Chief Executive Officer Penny Cotner. “Bulgin’s focus on mission-critical, customizable components with outstanding design and customer support aligns with our own longstanding reputation for delivering our customers what they need, when they need it most.”
Bulgin has a century of experience designing, developing, and manufacturing IP66, IP67, IP68, and IP69K harsh environment connectivity solutions for end-users across a wide range of industries. Bulgin’s business focuses on bespoke services and custom capabilities with quick prototyping and a Rapid Response Team (RRT) to address customers’ urgent needs. Since Equistone’s acquisition of the business in 2019, Bulgin has grown significantly, opening a new site in Tunis, Tunisia, and new headquarters in Cambridge, UK.
“Joining Infinite Electronics’ portfolio provides the Bulgin brand with the scale to leverage opportunities required to accelerate business growth globally,” said John Wilson, Bulgin’s Chief Executive Officer. “Infinite Electronics and Bulgin share much in common, such as ambitious global growth plans and customer-centric values. This is an exciting milestone in the Bulgin journey.”
Today, Bulgin has more than 600 distributor locations spanning 60 countries and six continents. It employs 680 people globally, including its U.K. headquarters, operations in Tunisia, and Santa Fe Springs, California, as well as a presence in the Asia-Pacific region.
William Blair served as exclusive financial advisor and Cleary Gottlieb Steen & Hamilton as the legal advisor to Infinite on the transaction.
This acquisition further establishes Infinite Electronics’ presence in Europe and comes after the company announced it entered into a definitive agreement to acquire Cable Connectivity Group (CCG) from Torqx Capital Partners and TKH Group NV, a leader in the production, distribution and assembly of specialty cables and cable connectivity solutions. These acquisitions are the latest milestones in Infinite Electronics’ rapid growth over the past six years.