Trexon Acquires Power Connector, Inc.
Summary
MACEDONIA, Ohio--(BUSINESS WIRE)--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. PCI’s commitment to excellence and innovation is demonstrated by its high performance equipment, stringent quality standards, and skillful, dedicated employees. 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. 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.