Arxis Inc., an industrial compounder formed in partnership with Arcline Investment Management, has agreed to acquire Omnetics Connector Corp. and has also completed an agreement to acquire MagCanica Inc. for a combined purchase price of approximately $890 million.
The transactions are intended to expand Arxis’ (Nasdaq: ARXS) portfolio of highly engineered industrial technology businesses serving mission-critical applications. Omnetics, headquartered in Minneapolis, Minn., designs and manufactures proprietary high-reliability Micro-D-Sub and Nano-D-Sub connectors and interconnect assemblies used in defense and space, commercial aerospace and medical applications. The company maintains entrenched positions on long-duration platforms where size, weight, and reliability are critical performance requirements. MagCanica designs and manufactures non-contact, high-precision torque sensors engineered to operate under extreme conditions.
William Blair is serving as financial advisor to Arxis, while Vermillion Capital is advising Omnetics.