MIDDLEBURY, Conn.--(BUSINESS WIRE)--Winchester Electronics Corporation (“Winchester”), a portfolio company of Audax Private Equity (“Audax”), announced it has completed the acquisition of Haverhill Cable and Manufacturing, Corp. (“Haverhill”). Headquartered in Haverhill, Massachusetts, Haverhill is a producer of semi-rigid coaxial cable and cable assemblies. Its products are utilized in a variety of microwave and RF systems in commercial, military, and satellite equipment. The acquisition of Haverhill enhances Winchester’s product and manufacturing capabilities.
Winchester, based in Middlebury, Connecticut, is a designer and manufacturer of connectivity solutions, including both connectors and cable assemblies, for diversified end markets including medical, military, energy & power, broadcast, and ruggedized industrial, among others. Since Audax’ acquisition in June 2006, Winchester has completed eight add-on acquisitions, including: Advanced Interconnect, Inc. of Franklin, Massachusetts in April of 2007; Kings Electronics Corporation, Inc. of Rock Hill, South Carolina in May of 2007; Electrical Specialty Products, Inc. of Spartanburg, South Carolina in July of 2012; Clements National Company of Broadview, Illinois in August of 2012; Continental Connector Company of Hatfield, Pennsylvania in May of 2013; Bomar Interconnect Products of Ledgewood, New Jersey in August of 2013; and SRC Cables, Inc. of Santa Rosa California in October of 2013.
Oliver Ewald, Managing Director of Audax Private Equity, said “Winchester is a leading provider of interconnect technologies. The Haverhill acquisition expands Winchester’s manufacturing capabilities, and we look forward to working with Kevin Perhamus and Tom Kneeland to integrate the businesses. We intend to continue to build Winchester through new product introductions, global expansion, and strategic add-on acquisitions, both domestically and abroad.”
Kevin Perhamus, CEO of Winchester, said “The acquisition of Haverhill is an exciting development for Winchester and our customers. We look forward to working with Tom Kneeland and the Haverhill team to share best practices as we continue to grow the company.”
Tom Kneeland, President of Haverhill, said “This acquisition is a positive outcome for our customers. In joining Winchester, Haverhill will now be able to provide additional services and capabilities, while maintaining the quality and reliability our customers have come to expect.”
ABOUT AUDAX GROUP
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.