Winchester Electronics Corp., a portfolio company of Audax Group, has completed the acquisition of Bomar Interconnect Products. Headquartered in Ledgewood, N.J., Bomar produces connectors for the RF, video, broadcast, wireless and related markets. Winchester, headquartered in Middlebury, Conn., designs and manufactures connectors and cable assemblies for products in the medical, military, energy, broadcast and ruggedized industrial sectors.
The acquisition of Bomar diversifies Winchester’s customer base and product offerings, says Audax managing director Oliver Ewald. Audax will continue to work with Winchester CEO Kevin Perhamus “to build the business through new product introductions, global expansion, and strategic add-on acquisitions.”
The Bomar deal marks Winchester’s sixth acquisition since Audax bought the company in 2006. Previous purchases include (in reverse chronological order): Continental Connector Company of Hatfield, Pa. in May; Clements National Co. of Broadview, Ill. and Electrical Specialty Products Inc. of Spartanburg, S.C. in 2012; and Kings Electronics Corp. Inc. of Rock Hill, S.C., and Advanced Interconnect Inc. of Franklin, Mass. in 2007.
Founded in 1999, Audax is a private equity firm with offices in Boston and New York. With $5 billion in assets under management, Audax invests in lower middle-market companies. In 2012, the firm raised $1.25 billion for Audax Private Equity Fund IV. (For more on Audax, see “Small Deal Sweet Spot.”)