Following the acquisition of 603 Manufacturing, Trexon Engineered Products Group expands its portfolio and continues to expand RF/microwave coaxial cable assembly and box build solutions for military and aerospace, space, telecommunications, medical and industrial.
Trexon, a portfolio company of Audax Private Equity, a leading provider of connectivity solutions for mission-critical applications, announced that it has completed the acquisition of 603 Manufacturing, a value-added manufacturer of high performance wire and cable assemblies, and RF/microwave coaxial cable assemblies.
Mark Twaalfhoven, CEO and President of Trexon, noted:
“The acquisition of 603 Manufacturing brings a customer-focused organization with a level of knowledge and experience that aligns with our vision. 603’s products enable essential technologies driving key megatrends, particularly in the commercial arena, with a focus on avionics for rocket engines and cutting-edge harnesses for satellites. Our goal is to benefit from this experience by fostering the growth of our shared business.”
Regarding the acquisition, Aaron Gough, Vice President of Trexon’s Engineered Products Group, stated:
“We look forward to leveraging 603’s expertise in RF, robust technologies and, specifically, space applications to further expand our customer base and expand our reach into these markets. We welcome Robert ‘Chip’ Chipman to the Trexon family EP and we look forward to working closely with him and his team to foster a collaborative environment that fuels our mutual growth.”
Commenting on the transaction, Phil Lausier, founder of 603 Manufacturing, commented:
“The decision to join with Trexon was based on their unwavering commitment to the safety and well-being of our valued employees, who have been the cornerstone of 603’s success. The acquisition of Trexon allows us to harness the power needed to drive business growth. growth and increased market share, which mutually benefits both organizations. I am proud of our legacy and believe that Trexon will bring unparalleled solutions to market and positively impact the lives we serve .”
Commenting on the transaction, Robert Chipman, former owner and new CEO of 603 Manufacturing, added:
“We were looking for a partner who shared our core values and we believe we have found a perfect match with Trexon. This collaboration will bring a positive impact to our valued customers and dedicated employees. Now, with Trexon’s support, we can venture into untapped markets and unlock new opportunities for 603 Manufacturing. We look forward to meeting the challenges together.”
SOURCE: BusinessWire