Audax Private Equity, a partner for middle- and lower-middle-market companies, has agreed to sell Trexon, a designer and manufacturer of custom interconnect solutions, to Amphenol Corporation. The sale is expected to close in the fourth quarter of 2025, pending standard conditions.
Based in Boston, MA, with around 1,100 employees, Trexon provides specialty cables, cable assemblies, and connectors for defense, space, and other specialized markets. The company is recognized for its engineering expertise and high-reliability solutions.
In 2021, Audax helped form the Trexon platform by uniting several interconnect businesses. Since then, it has supported 11 add-on acquisitions, increasing Trexon’s capacity and presence in key markets.
In the past year, Audax has completed four exits from its Industrial Services & Technologies specialization, including EIS, Liquid Environmental Solutions, and Thermogenics. Since August 1, 2024, Audax has finalized 11 exits across its Flagship and Origins strategies.
Advisors/support: William Blair & Company and Guggenheim Securities acted as financial advisors to the sellers, while Kirkland & Ellis LLP and Fredrikson & Byron served as legal counsel.
KEY QUOTES:
“On behalf of the entire team at Trexon, we want to thank Audax Private Equity for their support, collaboration, and partnership. This sale marks the culmination of significant growth and transformation for Trexon under Audax, including investments in our team and facilities, strategic efforts to focus on our core competencies, and the expansion of our product and capability set organically and through acquisition. We’re truly excited to continue our journey of growth as part of the Amphenol family.”
Mark Twaalfhoven, Chief Executive Officer, of Trexon
“We’re incredibly proud of our partnership with Mark, the broader management team, and the employees at Trexon, for their accomplishments and what we believe to be a tremendous outcome for the Company and our investors. We want to thank Mark and the entire team at Trexon for their commitment and drive, and wish them well as they look to build upon their success as part of Amphenol.”
Don Bramley, a Partner at Audax Private Equity
“We think our success with Trexon demonstrates Audax’ value creation strategy and the operational capabilities of our strategic resources and portfolio support groups. Executing on our value agenda in collaboration with Mark, we were able to recruit an incredibly talented management team, position Trexon as a stand-alone business, and add capacity and complementary capabilities through organic initiatives and acquisitions.”
Tim Porter, a Managing Director at Audax
“We are extremely pleased to announce this agreement to add Trexon to the Amphenol family. Trexon’s unique portfolio of high-reliability cable assembly products will be highly complementary to our existing offerings in the defense market. We look forward to working in partnership with Trexon’s experienced management team to deliver additional high-technology solutions to our customers post closing.”
Amphenol President and Chief Executive Officer, R. Adam Norwitt
