Dallas - Oct 16, 2008 - Continental Electronics has been acquired by Lone Star CRA Fund, a Dallas-based private equity firm. The stock acquisition includes all of Continental's product lines. Lone Star purchased the 62-year-old company from New York-based Veritas Capital.
Lone Star's Founder and Managing Partner Arthur Hollingsworth said, "We plan to continue to support Continental in its efforts to be the industry leader in radio frequency (RF) transmission equipment."
The transition will be transparent to Continental Electronics' customer base. Continental Electronics will continue to offer to its worldwide customers full support for all of its product lines, including spare parts and sales for various transmitter products.
The Dallas-based company was founded in 1946.