Amphenol has agreed to accumulate Trexon, an interconnect options maker for mission crucial functions, from Audax Personal Fairness for round $1bn in money.
Trexon, with its headquarters in Boston, Massachusetts, manufactures cables, cable assemblies, and connectors. These merchandise are used throughout varied sectors together with defence and house.
The corporate, with services within the US and UK, employs roughly 1,100 workers. It anticipates 2025 gross sales of almost $290m alongside earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) margin of 26%.
Amphenol president and CEO R Adam Norwitt stated: “Trexon’s distinctive portfolio of high-reliability cable meeting merchandise can be extremely complementary to our current choices within the defence market. We stay up for working in partnership with Trexon’s skilled administration staff to ship extra high-technology options to our prospects submit closing.”
Audax managed the creation of the Trexon platform in 2021 by consolidating varied interconnect companies into one unified company entity.
Audax has been lively in divesting its holdings inside its Industrial Providers & Applied sciences specialisation, having introduced or accomplished 4 exits over the previous 12 months.
This contains the sale of EIS, Liquid Environmental Options, and Thermogenics.
Since 1 August 2024, Audax has agreed upon or finalised 11 exits below its Flagship and Origins funding methods.
Trexon chief government officer Mark Twaalfhoven stated: “This sale marks the end result of great progress and transformation for Trexon below Audax, together with investments in our staff and services, strategic efforts to deal with our core competencies, and the enlargement of our product and functionality set organically and thru acquisition.”
The completion of Amphenol’s acquisition of Trexon is contingent upon regulatory approvals and customary closing circumstances. The deal is anticipated to be finalised within the fourth quarter of 2025.
Put up closure, the acquisition can be built-in into Amphenol’s Harsh Surroundings Options section.
William Blair & Firm and Guggenheim Securities served as monetary advisors to the sellers within the transaction. Kirkland & Ellis together with Fredrikson & Byron supplied authorized counsel, said Audax.
