Winchester Electronics Corporation (Winchester), a portfolio company of Audax Private Equity, has completed the acquisition of SRI Hermetics (SRIH). Headquartered in Melbourne, Florida, SRIH is a leading supplier of ceramic hermetic connectors and hermetic packaging. The acquisition of SRIH expands Winchester’s interconnect product line to include hermetic capabilities and strengthens its presence in the Military/Aerospace, Test & Measurement, and Medical end markets.
Winchester, based in Norwalk, Connecticut, is a designer and manufacturer of connectivity solutions, including both connectors and cable assemblies, for diversified end markets including medical, military/aerospace, energy & power, broadcast, and ruggedized industrial. Winchester is a global business with operations in the U.S., Mexico, China, and Malaysia.
Kevin Perhamus, CEO of Winchester, said, “This is an exciting development for Winchester. SRI Hermetics is a proven leader in ceramic hermetic technologies and its entrepreneurial spirit, engineering strength, and technological capabilities will create tremendous value for our organization.”
Ed Taylor, GM of SRIH, said, “This transaction is a positive outcome for SRI Hermetics as being part of the Winchester platform will help sustain our growth in high-end interconnect applications. In addition, our products will be uniquely complementary to Winchester and we look forward to realizing the potential of the combined businesses.”
SRI Hermetics marks the eleventh add-on acquisition for Winchester since Audax Private Equity acquired Winchester in June 2006. The acquisitions have included 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; SRC Cables, Inc. of Santa Rosa, California in October of 2013; Haverhill Cable and Manufacturing Corporation of Haverhill, Massachusetts in November of 2013; TRU Corporation of Peabody, Massachusetts in April of 2014; and Source Technology of Houston, Texas in September 2014.
