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MACEDONIA, Ohio, USA, and Chelmsford UK – September 23, 2022 – Trexon, a portfolio company of Audax Private Equity, announced today that it has completed the acquisition of Intelliconnect, a supplier of RF connectors, adapters, and cable assemblies.

Founded in 2003 and based in Chelmsford, UK., Intelliconnect has grown rapidly since its inception, becoming a market leader in design-led RF (radio frequency) components.

Regarding the addition of Intelliconnect to the Trexon team, Mark Twaalfhoven, President, and Chief Executive Officer of Trexon stated,

“The addition of Intelliconnect brings a customer-centric organization with a level of expertise and experience that aligns with the Trexon strategic vision of delivering application specific solutions. Their innovation enables the development of critical technologies that support key megatrend drivers such as AI and the application for quantum computing. We look forward to a long and prosperous relationship with Intelliconnect.”

Of the transaction, Dr. Nildeep Patel, President of Trexon Engineered Products Division stated,

“Adding Intelliconnect to the Engineered Products portfolio builds on our current expertise in RF products designed for highly engineered systems for a range of applications. Their unique capability of combining high precision RF products performing at cryogenic temperatures adds yet another dimension to our already proven RF technology range.”

“After nearly 20 years of success and growth, we recognised that to reach the next level of excellence, Intelliconnect needed to be part of a bigger, financially strong group which has the same aspirations, goals, and vision that we do. We are confident that Trexon is the perfect partner. Their strong track record in acquiring good businesses and making them better whilst investing and supporting their existing teams is one of the key reasons that we chose them as our acquirer.”

And, speaking of the transaction, Gareth Phillips, Intelliconnect’s Managing Director, added:

Trexon is highly aligned with Intelliconnect’s philosophy and desire to grow our world class RF and Cryogenic product offering. We have worked hard to build a solid platform of best-in-class services and products and we are thrilled to be partnering with the wider Trexon family to take us to the next level and beyond. I am very much looking forward to working with Trexon to maximize our potential and that of our fantastic employees.”

Founded in 1979, Trexon (formerly TPC Wire & Cable Company) 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 designed to exceed customer performance specifications and withstand abuse from impact, abrasion, flexing, chemicals, extreme temperatures, miniaturization, and other demanding design requirements. Trexon’s products are specially constructed for a wide range of design challenges across high-reliability applications in diversified industrial end markets, defense, aerospace, medical and other industries. For more information, visit trexonglobal.com.

Macedonia, Ohio – Trexon, a portfolio company of Audax Private Equity, announced the appointment of Mark Twaalfhoven to the position of President and CEO, effective June 13, 2022.

Don Bramley, Managing Director at Audax, commented, “We are thrilled to gain a high caliber executive with a strong track record and more than 25 years’ experience in the electronic components, cable assembly and connector industry. His focus on profitable growth and accelerating strategic execution will help Trexon continue its aggressive growth path.”

Mark Twaalfhoven has an extensive technology and operations background, and was most recently the CEO of Pulse Electronics, where he led significant enhancement and expansion of the company. Prior to that, he served as CEO of Teleplan International, currently known as Reconext, a company servicing electronic devices. He also led the development of Amphenol in Asia as well as the computer and communication devices markets. Twaalfhoven holds a master’s degree in Industrial Engineering from Stanford University, a bachelor’s degree in Mechanical Engineering from Purdue University and completed the Harvard Business School Advanced Management Program.

“The global interconnect and cable solutions markets continue to grow and Trexon is well positioned to lead with its strong portfolio of cable, cable assembly and connector solutions. I look forward to making a major impact to drive growth and profitability while delivering significant value to our customers”, said Mark Twaalfhoven.

Concurrently, Jeff Crane, the company’s President and CEO since 2016 has transitioned into the role of director on the company’s board.

Jeff Crane, commenting on the transition, stated, “This announcement represents the culmination of an orderly and thoughtful succession plan between myself and our board. We are delighted to welcome Mark to the Trexon team and are confident that his years of experience in connectivity and electronics will benefit the company as it accelerates its growth in the coming years. I look forward to supporting him in my new role as a member of the board.”

Mr. Bramley continued, “On behalf of everyone at Audax Private Equity, we want to thank Jeff for all that he has done for Trexon over the course of the last six years and we look forward to his continued support as he transitions to the board of directors.”

About TREXON:Founded in 1979, 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 designed to exceed customer performance specifications and withstand.

Macedonia, Ohio – Jan. 4, 2022 – Trexon, a portfolio company of Audax Private Equity, announced today that it has completed the acquisition of Power Connector Inc. (“PCI”), a leading supplier of Tactical Communications interconnect for military applications. Founded in 1987 and based in Suffolk County, NY, PCI is a Defense Logistics Agency QPL manufacturer of MIL-DTL-55181 and MIL-DTL-55116 connectors. Designed into hand-held and mounted radio systems, PCI’s power connectors, audio connectors and other interconnect components complement Trexon’s existing specialty connectivity offerings for mission critical applications. PCI’s commitment to excellence and innovation is demonstrated by its high performance equipment, stringent quality standards, and skillful, dedicated employees.

Regarding the addition of PCI to the Trexon team, Jeff Crane, President and Chief Executive Officer of Trexon stated,

“With this acquisition, Trexon continues to build a market leader of specialty connectivity solutions for mission-critical applications. We look forward to working with the strong team that Andy Linder has built as we look to maximize the growth potential of PCI.”

Of the transaction, Dr. Nildeep Patel, President of Trexon Engineered Products Division stated,

“The addition of PCI adds yet another component to the value-add cable, connectivity / interconnect solutions that are currently offered by Trexon within the Aerospace and Defense markets, while expanding our product portfolio into specialty power and audio connectors. We believe this will be a symbiotic relationship, allowing PCI to benefit from our broad technical expertise, international salesforce, and global footprint.”

Speaking on the transaction, Todd West, PCI General Manager, said:

“We believe the new coupling of Trexon’s Engineered Products Group with PCI’s advancement into lighter weight, small form factor connectors paves the way for a quicker time to market in support of the dynamic needs of the defense communication industry.”

And, speaking of the transaction, PCI’s founder, Andrew Linder, added:

“PCI was founded upon the basic principle of responding to the needs of customers in a timely and competitive fashion while never compromising the integrity of the products we manufacture. We believe Trexon’s partnership with PCI will enhance Trexon’s solutions offerings to the high reliability end-markets it serves, such as the Aerospace & Defense, semiconductor, subsea, renewables, and medical devices industries, among others. The transaction will expand Trexon’s portfolio of specialized tactical communications connectors and value-added services such as cable assemblies, box builds, and electro-mechanical hardware for high-reliability, mission critical applications. We are most excited about the future.”

About Trexon:

MACEDONIA, Ohio, U.S.A. – Oct. 6, 2021 – TPC Wire & Cable (TPC) today announces the formation of the Trexon brand, which encompasses the brand portfolio of TPC, Pittsburgh Wire and Cable, MilRail, EZ Form Cable, CiCoil, Hydro Group, Integrated Cable Systems (ICS) and The First Electronics Corporation (FEC). The company is headquartered in Macedonia, Ohio.

Trexon is a leading provider of unique connectivity solutions built to withstand the toughest environments and the most exacting applications. The new brand is comprised of some of the most innovative specialty connectivity companies in the world.

There are two divisions within Trexon: Industrial Products and Engineered Products. Industrial Products is comprised of TPC, MilRail, and Pittsburgh Wire and Cable, and its products are manufactured to provide top performance in the most demanding environments. Engineered Products is comprised of CiCoil, EZ Form Cable, Hydro Group, ICS and FEC, and its products are designed into exacting and mission-critical applications.

The existing TPC leadership will take the helm at Trexon, with Jeff Crane as President and CEO, Todd Spaulding managing the Industrial Products business, and Nildeep Patel leading the Engineered Products business.

“The collective strength of Trexon’s brands puts us in a unique position to provide the best possible high-performance wire and cable solutions to our customers,” said Jeff Crane, President and CEO, Trexon. “We care deeply about pioneering new solutions and collaborating with our customers to solve the world’s most challenging connectivity problems.”

Trexon promises to always design for durability and engineer for excellence, leveraging collective market expertise, collaboration, and a flexible service model that allows them to design connectivity solutions that increase performance and maximize uptime for customers. Each of Trexon’s leading specialty connectivity companies will play an important role in this mission.

“All of the companies under the Trexon umbrella bring with them their own brand identity and strong heritage,” added Jeff Crane. “We will protect and build upon these legacies even as we establish this new Trexon brand to convey a collective global message about the unique connectivity solutions that we provide.”

Trexon is built through the transformative combination of some of the most innovative specialty connectivity companies in the world. They provide unique connectivity solutions that withstand the toughest environments and most exacting applications. Headquartered in Macedonia, Ohio, U.S.A., Trexon has more than 700 connectivity experts serving the daily needs of customers across the United States, Canada, Central and South America, Europe, and East Asia. For additional information, please visit www.trexonglobal.com. Trexon is a portfolio company of Audax Group, a private equity group based in Boston, Massachusetts, U.S.A.

Macedonia, Ohio – August 11, 2021 – TPC Wire & Cable (TPC), a portfolio company of Audax Private Equity, announced that it has completed the acquisition of The First Electronics Corporation (FEC), a leading supplier of manufactured custom cable assemblies for Military and Defense applications. Founded in 1955 and based in Boston, Massachusetts, FEC has grown to be the leading supplier of electrical wiring harnesses, specializing in the production of over-molded, extra-flexible, multi-conductor, EMI-shielded cable assemblies and harnesses, and electro-mechanical assemblies custom-built for military applications.

“At TPC, we continue to focus on providing high-performance connectivity solutions for our customers’ high-cost-of-failure applications. We’ve invested in our Engineered Products Division to build on this promise in a growing number of high-reliability end markets and applications. Our investment in FEC will enable the organization to build upon the success that the FEC team has achieved over the years. Our commitment is to provide the FEC organization with the tools and resources to provide the highest quality products and services to their customers.” says Jeff Crane, President and Chief Executive Officer of TPC.

Speaking on the transaction, Will Donnellan, the President of FEC noted, “FEC has enjoyed exponential growth over the last two years. In order to continue that growth and deliver the highest quality product in support of our nation’s defense, we needed to find a strategic partner who had the resources to help us grow and expand but that also understood the military and aerospace marketplace. We found that in our partnership with TPC. FEC is excited about the synergies and additional capabilities the TPC team will add to our industry-leading product line.”
TPC recently formed its Engineered Products Division to expand its coverage of high-reliability end markets like Space, Aerospace & Defense, Semiconductor, Subsea, Renewables and Medical Devices amongst others. The partnership with FEC enhances TPC’s solutions offering to these end-markets by expanding its portfolio of specialized wire and cable solutions for high-reliability, mission critical applications.

About TPC Wire & Cable:
Founded in 1979, TPC is a leading designer and provider of high-performance wire, cable, connectors, assemblies, and accessories used in harsh, high cost-of-failure environments. TPC’s products are designed to exceed customer performance specifications and withstand abuse from impact, abrasion, flexing, chemicals, extreme temperatures, miniaturization, and other demanding design requirements. TPC’s products are specially constructed for a wide range of design challenges across high-reliability applications in diversified industrial end markets, defense, aerospace, medical and other industries. For more information, visit tpcwire.com.

Macedonia, Ohio – March 29, 2021 – TPC Wire & Cable (“TPC”), a portfolio company of Audax Private Equity, announced today that it has completed the acquisition of Hydro Group (“Hydro”), a global leader in custom subsea connectivity solutions. Based in Aberdeen Scotland, Hydro specializes in the design, engineering, and manufacturing of subsea connectivity products widely used in the oil & gas, marine, renewable energy, and defense industries. TPC recently formed an Engineered Products Division to expand its coverage of high-reliability end-markets like military, aerospace, and medical equipment. The acquisition of Hydro expands TPC’s presence in these desirable end-markets and strengthens its portfolio of specialized, high-reliability wire and cable solutions.

In making the announcement, TPC President and CEO Jeff Crane, explained, “We are very excited to welcome the Hydro Group and all their associates to TPC. The global reach of Hydro’s unique products and services is very impressive, and we look forward to providing the resources and tools to help continue to grow the business. Doug Whyte has built a great company and an even more impressive team at Hydro. We look forward to working closely with them to help accelerate Hydro’s growth.”

Of the transaction, Dr. Nildeep Patel, President of TPC’s Engineered Products Division stated, “The addition of Hydro Group brings a new dimension to an already diversified product offering within the aerospace and defense market while expanding our reach to European markets. Hydro Group presents an excellent value-add capability in the naval, subsea, renewables, and oil & gas markets to the Engineered Products Division of TPC, which specializes in providing bespoke customer solutions within niche markets. We believe this will be a mutually beneficial partnership, allowing Hydro Group to continue growing its capabilities and geographic reach by benefitting from TPC’s investment, technical expertise, and global footprint. We are looking forward to welcoming the Hydro team to the TPC family.”

Douglas Whyte, Managing Director and owner of Hydro Group noted, “The team at Hydro is looking forward to their next chapter of growth. Hydro has a formidable pedigree and is looking to leverage TPC’s support to pursue additional global opportunities. Both companies have deep knowledge and experience that we will look to share and implement to grow our capabilities. We look forward to continuing to deliver custom solutions to customers in extreme environments where high performance is a factor. I would like to thank EY in supporting Hydro in facilitating a seamless and effective transition into the TPC organization.”

Founded in 1979, TPC is a leading designer and provider of high-performance wire, cable, connectors, assemblies, and accessories used in harsh, high cost-of-failure environments. TPC’s products are designed to exceed customer performance specifications and withstand abuse from impact, abrasion, flexing, chemicals, extreme temperatures, miniaturization, and other demanding design requirements. TPC’s products are specially constructed for a wide range of design challenges across high-reliability applications in diversified industrial end markets, defense, aerospace, medical and other industries. For more information, visit tpcwire.com.

Founded in 1982, Hydro Group is a leader in the engineering, design, and manufacturing of connectivity solutions, engaging in global projects including solutions for subsea oil & gas structures, floating wind turbines, defense related innovations and tidal stream connectivity. For more information, visit hydrogroup-uk.com

Macedonia, Ohio – February 18, 2021 – TPC Wire & Cable (TPC), a portfolio company of Audax Private Equity, announced today that it has completed the acquisition of Integrated Cable Systems, Inc. (ICS), an ISO 9001 certified supplier of custom cables, harnesses, electro-mechanical assemblies and industrial panels. Based in Longmont, Colorado, ICS’s solutions are widely used in medical, test and measurement and other highly sophisticated markets where quality and precision are critical. TPC recently formed its Engineered Products Division to expand its coverage of high-reliability end markets like military, aerospace, medical equipment, and others. The partnership with ICS enhances TPC’s solutions offering to these end-markets by expanding its portfolio of specialized wire and cable solutions for high-reliability applications.

In making the announcement, TPC President and CEO Jeff Crane, commented, “At TPC, we continue to focus on providing high performance connectivity solutions for our customers’ high-cost-of-failure applications. We’ve invested in our Engineered Products Division to build on this promise in a growing number of high reliability end-markets and applications. Our investment in ICS will enable the organization to build upon the success that Curt Even and his team have achieved over the years. Our commitment is to provide the ICS team with the tools and resources to provide the highest quality products and services to their customers”

On the transaction, Dr. Nildeep Patel, President of TPC’s Engineered Products Division stated, “ICS provides an excellent value add capability in the medical and semiconductor markets to TPC’s newly formed Engineered Products Division, which specializes in bespoke customer solutions in niche markets. We believe this will be a mutually beneficial partnership allowing ICS to continue growing its capabilities and value proposition via TPC’s investment and technical expertise. We are looking forward to welcoming the ICS team to the TPC family.”

Curt Even, General Manager and former owner of ICS had this to say, “As our business grew over the last few years, we knew we would need outside resources to support the current and future needs of the organization. TPC brings those resources, and a lot more, to help us exceed the expectations of our current customers and make the investments necessary to expand our customer base.”

Founded in 1998, ICS has leveraged its expertise to serve highly technical industries with turnkey solutions through design, selection, and testing of interconnect product solutions. The company is known for its engineering expertise, and responsive lead times for its customers while a maintaining stringent regulatory policies and a quality assurance system certified to the ISO 9001 standard. For more information, visit ics-mfg.com.