Winchester Interconnect Acquires Tekna Seal
Norwalk, CT – September 30, 2016 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Tekna Seal, LLC (“Tekna Seal”). Headquartered in Minneapolis, MN, Tekna Seal is a producer of high performance hermetic connectors. Its products are primarily used in the medical, military and aerospace end markets. The acquisition of Tekna Seal expands Winchester’s hermetic connector product offering in the key markets that Winchester serves.
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, energy & power, broadcast, and ruggedized industrial. Winchester is a global business with operations in the U.S., Mexico, China, and Malaysia.
John Pless, Partner at Snow Phipps, said “Winchester is a market leader of connectivity solutions to customers across the globe. We will continue to work with the Winchester team to aggressively grow the business both organically and through acquisitions.”
Kevin Perhamus, CEO of Winchester, said “We are excited to announce our first acquisition since being acquired by Snow Phipps on June 30, 2016. The acquisition of Tekna Seal expands our hermetic product offering and brings with it a strong team. The acquisition supports our strategy of providing interconnect solutions in applications where failure is not an option.”
Doug McCarron, General Manager of Tekna Seal, said “This transaction is a positive outcome for Tekna Seal. In joining Winchester, we will now have access to resources with deep expertise in our industry. We look forward to working with the Winchester team.”
ABOUT SNOW PHIPPS GROUP
Snow Phipps is a private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million. The firm utilizes an operating partner model to invest across the industrials, services, and consumer industries and seeks value creation through an operationally focused strategy. To learn more about Snow Phipps, www.snowphipps.com.
Stephen Eccles – General Manager, Precision Connector Group