M&A Deal Summary

TE Connectivity Acquires Linx Technologies

On July 13, 2022, TE Connectivity acquired technology hardware company Linx Technologies from Argosy Private Equity

Acquisition Highlights
  • This is TE Connectivity’s 2nd transaction in the Technology Hardware sector.
  • This is TE Connectivity’s 11th transaction in the United States.
  • This is TE Connectivity’s 1st transaction in Oregon.

M&A Deal Summary

Date 2022-07-13
Target Linx Technologies
Sector Technology Hardware
Buyer(s) TE Connectivity
Sellers(s) Argosy Private Equity
Deal Type Add-on Acquisition

Target

Linx Technologies

Merlin, Oregon, United States
Linx Technologies provides wireless modules, antennas, connectors, and wireless design services. It offers radio frequency (RF) modules, integrated circuits, OEM RF products, evaluation kits, and master development systems, interface modules, and connectors and cable assemblies. Linx Technologies was founded in 1997 and is based in Merlin, Oregon.

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Buyer(S) 1

Buyer

TE Connectivity

Schaffhausen, Switzerland

Category Company
Founded 1941
Sector Electrical Equipment
Employees85,000
Revenue 16.0B USD (2023)
DESCRIPTION

TE Connectivity is a designer and manufacturer of products at the heart of electronic connections for industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity was founded in 1941 and is based in Schaffhausen, Switzerland.


DEAL STATS #
Overall 15 of 15
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 13 of 13
State (Oregon) 1 of 1
Country (United States) 11 of 11
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 AXICOM

Wohlen, Switzerland

AXICOM is a provider of advanced products and solutions in the area of high voltage (HV) power transmission. AXICOM was founded in 1958 and is based in Wohlen, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Rochester Cable

Culpeper, Virginia, United States

Rochester Cable is a provider in the design and manufacture of electro-optical cables for operation in harsh environments. The cables are highly engineered to meet specific requirements in demanding industries such as oil and gas, sensing, defense, oceanographic, and subsea applications. Rochester Cable was founded in 1794 and is based in Culpeper, Virginia.

Sell $55M

Seller(S) 1

SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 49 of 53
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 35 of 38
State (Oregon) 2 of 2
Country (United States) 49 of 53
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-18 Preco

Lenexa, Kansas, United States

Preco is a designer and manufacturer of precision automated processing systems for high speed and high accuracy cutting, perforating, welding, and other specialized industrial processing applications. With our proprietary die cutting and laser-based manufacturing capabilities, we've also become one of the largest contract manufacturing service (CMS) providers in North America. Preco was founded in 1978 and is based in Lenexa, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Component Sourcing International

Charlotte, North Carolina, United States

Component Sourcing International is a distributor providing component sourcing, kitting, sub-assembly, logistics and vendor/inventory management services for industrial and material handling manufacturers and OEMs. Component Sourcing International was founded in 1982 and is based in Charlotte, North Carolina.

Sell -