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Boston, MA – April 26th, 2024 – Trexon, a portfolio company of Audax Private Equity and a leading provider of specialty connectivity solutions for mission-critical applications, announced today that it successfully completed the acquisition of CR Encapsulation Ltd. (“CRE”). Headquartered in Aberdeen Scotland, CRE specializes in the design, engineering, and manufacturing of subsea connectivity solutions in the marine, manned and unmanned underwater vehicle, renewables, and oil and gas markets. This acquisition underscores Trexon’s persistent dedication to broadening its footprint in the subsea domains.

Through the deal, Trexon is broadening its range of subsea connector, wire and cable solutions, as well as hull penetrators, junction boxes, and subsea termination solutions.

Regarding the addition of CRE, Mark Twaalfhoven, President, and CEO of Trexon stated:

“CRE enhances Trexon’s offerings in the subsea markets, expanding our portfolio and customer base. This partnership promises mutual benefits, enabling CRE to advance its capabilities and global presence through Trexon’s investment, technical proficiency, and worldwide reach. We want to welcome the CRE team to the Trexon Family.”

From CRE’s perspective, the combination will enable access to new markets, accelerate the delivery of new technology and increase CRE’s manufacturing capacity and knowhow.

Speaking on the transaction, Craig Simpson, Director of CRE, stated:

“CRE has developed over the years from a modest operation supporting local customers to a significant manufacturer that now designs, builds and ships to customers all over the world. Our products are used in a wide range of applications from the splash zone to the bottom of the Mariana Trench, where our designs were used on a manned vehicle that set a new depth record. I look forward to supporting Trexon as they leverage the capabilities of CRE with the other portfolio of ten companies and to rapidly accelerate the future development of CRE as we move to the next level. It is now the right time to become part of a larger organization that will enable access to new markets, accelerate the delivery of new technology and increase our manufacturing capacity and knowhow.”

 

About CRE:

CRE designs and manufactures a range of all-metal shell connectors, fiber optic products, strain terminations, penetrators and junction boxes for extremely heavy duty use and are trusted in the most rigorous underwater applications on the planet from splash zone to full ocean depth. For more information on CRE, please visit www.cre-marine.com.

About Trexon:

Trexon is a leading designer and provider of high-performance wire, cable, connectors, assemblies, and accessories used in harsh, high-cost-of-failure environments. Trexon’s products are specially constructed for a wide range of design challenges across high-reliability applications in diversified industrial end markets, defense, aerospace, cryogenic, space, medical, and other industries. For more information on Trexon, please visit www.trexon.com.

 

Marketing Contact:

Ross Martinez     

[email protected]

 

Boston, MA – December 14th, 2023 – Trexon, a portfolio company of Audax Private Equity and a leading provider of specialty connectivity solutions for mission-critical applications, announced today that it has completed the acquisition of Qualastat Electronics, Inc.  Qualastat is an AS9100 certified value-added manufacturer of cable assemblies, fiber optic assemblies, RF/semi-rigid assemblies, flex circuit assemblies as well as box and cabinet builds. With a total of 12 acquisitions since 2018, Trexon continues to demonstrate a steadfast commitment to expanding its presence in the aerospace and defense markets. 

Regarding the addition of Qualastat to the Trexon team, Mark Twaalfhoven, President and CEO of Trexon stated:

“The addition of Qualastat brings to Trexon a proven assembly and harness solutions provider that is aligned with our vision and strategy.  We look forward to working with Qualastat and utilize the Trexon resources to further facilitate their growth.  We anticipate a fruitful and successful relationship and extend a warm welcome to Qualastat as part of the Trexon family.”

Speaking on the transaction, Vernon Judy, Jr., former owner of Qualastat, stated:

We are extremely excited for a promising future with Trexon. The expertise and experience leveraged through their consolidation of quality-minded, customer-focused brands within the interconnect space will permit Qualastat to better support its customers, employees, and suppliers. With this partnership, we are proud to be counted amongst brands that have been recognized in our industry for many years: companies with exceptional reputations.” 

About Qualastat Electronics, Inc.:

Qualastat has built a reputation of producing and delivering high quality interconnect solutions for harsh environments like aerospace, defense, space, and energy markets. Qualastat’s products are manufactured to the highest quality levels to support customer’s critical applications. With a strong mix of product lines and great customer support, Qualastat is a trusted name within the industry. For more information, please visit qualastat.com.

About Trexon:

Trexon is a leading designer and provider of high-performance wire, cable, connectors, assemblies, and accessories used in harsh, high-cost-of-failure environments. Trexon’s products are specially constructed for a wide range of design challenges across high-reliability applications in diversified industrial end markets, defense, aerospace, cryogenic, space, medical, and other industries. For more information, please visit trexon.com.

 

Marketing Contact:

Ross Martinez

[email protected]