iNRCORE announced that they have completed the acquisition of the Gowanda Components Group (Gowanda) from Addison Capital Partners. For over 70 years, iNRCORE has deployed reliable and intelligent solutions to power the world’s next-generation of systems. From the frontlines of defense to the frontiers of space exploration, iNRCORE’s power and signal magnetic components are utilized to help save lives, generate powerful connection, and further our knowledge of the cosmos.
The Gowanda leadership team will continue to support the business reporting directly to iNRCORE President & CEO, Sarah Harris. Additional terms of the transaction were not disclosed.
Headquartered in Gowanda, NY, Gowanda is a vertically integrated manufacturer of high-performance electronic components for fiber optics / communications infrastructure, test and measurement, transportation, aerospace and defense, medical device and other high-reliability applications. Areas of expertise include power inductors, RF and microwave magnetics, resistors, specialty filters and related application specific designs.
"iNRCORE and Gowanda are both engineering, customer and culturally-focused businesses. Bringing the two businesses together will result in a more comprehensive set of solutions for our customers," said Erik Fagan, a Partner at TJC. "We look forward to supporting Sarah Harris and the iNRCORE and Gowanda teams alongside Addison Capital."
Gowanda's products are highly complementary with iNRCORE's and the combination creates a global magnetics platform with best-in-class engineering.
"The combination of iNRCORE and Gowanda creates a terrific opportunity to deliver greater long-term, sustainable value and growth through highly complementary capabilities, product portfolios and industry applications," said Brian Miller, a Partner at Addison Capital. "We're enthusiastic about the possibilities with Sarah, management and TJC."
