The sale, marking a significant realization for the Fund IV continuation 
fund, represents the 11(th) announced or completed exit for Audax 
Private Equity since August 2024. 
 
 
BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--August 18, 2025-- 
 
   Audax Private Equity ("Audax"), a capital partner for middle and lower 
middle market companies, announced today it has agreed to the sale of 
Trexon ("The Company"), a designer and manufacturer of custom 
interconnect solutions for mission critical applications. The sale to 
Amphenol Corporation $(APH)$ is subject to customary closing 
conditions and expected to close in the fourth quarter of 2025. 
 
 
   Headquartered in Boston, MA, with 1,100 employees globally, Trexon 
delivers custom-engineered interconnect solutions, including specialty 
cable, cable assemblies and connectors, across a range of applications 
for the defense, space, and other specialty end markets. A critical 
partner to blue chip customers in these important segments, Trexon 
provides differentiated technical expertise and engineering capabilities, 
making the Company a partner of choice for high-reliability, customized 
interconnect solutions. 
 
 
   "On behalf of the entire team at Trexon, we want to thank Audax Private 
Equity for their support, collaboration, and partnership," said Mark 
Twaalfhoven, Chief Executive Officer, of Trexon. "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." 
 
 
   In 2021, Audax oversaw the formation of the Trexon platform, bringing 
together several interconnect businesses under a single corporate brand. 
Since that time, Audax supported the platform through 11 add-on 
acquisitions that, along with organic growth initiatives, saw the 
Company significantly expand its capacity, while deepening its presence 
in defense and space end-markets. Through this process Trexon 
established itself as a pure-play provider of engineered, 
high-reliability custom interconnect solutions for defense, space, and 
other specialty end-markets. 
 
 
   "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," noted Don Bramley, a Partner at Audax Private Equity. "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." 
 
 
   "We think our success with Trexon demonstrates Audax' value creation 
strategy and the operational capabilities of our strategic resources and 
portfolio support groups," added Tim Porter, a Managing Director at 
Audax. "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." 
 
 
   Over the past 12 months, Audax has now announced or completed four exits 
out of its Industrial Services & Technologies specialization, including 
previously announced sales of EIS, Liquid Environmental Solutions, and 
Thermogenics (an Origins Fund investment). Since August 1, 2024, Audax 
has agreed to or completed 11 exits across its Flagship and Origins 
strategies. 
 
 
   William Blair & Company L.L.C. and Guggenheim Securities L.L.C. acted as 
financial advisors to the sellers, while Kirkland & Ellis LLP and 
Fredrikson & Byron served as legal counsel. 
 
   AUDAX PRIVATE EQUITY: 
 
 
   Headquartered in Boston, with offices in San Francisco, New York, London 
and Hong Kong, Audax Private Equity manages three strategies: its 
Flagship and Origins private equity strategies, seeking control buyouts 
in the core middle and lower middle markets, respectively, and its 
Strategic Capital strategy that provides customized equity solutions to 
PE-backed portfolio companies to help drive continued growth. With 
approximately $19 billion of assets under management as of March 2025, 
over 290 employees, and 100-plus investment professionals, Audax has 
invested in over 175 platforms and more than 1,400 add-on acquisitions 
since its founding in 1999. Through our disciplined Buy & Build approach, 
across six core industry verticals, Audax seeks to help portfolio 
companies execute organic and inorganic growth initiatives with the aim 
of fueling revenue expansion, optimizing operations, and significantly 
increasing equity value. For more information, visit 
www.audaxprivateequity.com or follow us on LinkedIn. 
 
   ABOUT TREXON: 
 
 
   Trexon is a leading designer and manufacturer of custom interconnect 
solutions for mission critical applications. Trexon's products are 
specifically constructed for a wide range of design challenges across 
high-reliability applications in defense, space, and other specialty 
end-markets. For more information on Trexon, please visit www.trexon.com 
 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250818470134/en/

 
 
    CONTACT:    MEDIA CONTACTS 
 
   Julie Rudnick / Zak Tramonti 
 
   FGS Global 
 
 
   Audax@fgsglobal.com 
 
 
 
 
 
 

(END) Dow Jones Newswires

August 18, 2025 08:50 ET (12:50 GMT)