Jul 2016

Audax Private Equity Announces Sale of Winchester Electronics

Audax Private Equity (“Audax”) has completed the sale of Winchester Electronics (“Winchester” or “the Company”) to Snow Phipps, a private equity firm based in New York, in conjunction with management and other investors. Terms of the transaction were not disclosed.

Headquartered in South Norwalk, Connecticut, Winchester is a leading provider of custom engineered interconnect solutions for high reliability applications in the military / aerospace, medical, semiconductor, oil and gas, and other diversified end markets. Since Audax’ initial investment in 2006, Winchester has completed 13 acquisitions, diversifying the company’s customer and end-market exposure, shifting business mix toward higher growth and higher margin ruggedized applications, and broadening its product and manufacturing capabilities.

*Geoffrey S. Rehnert, *Co-Chief Executive Officer, Audax Group, said “Kevin Perhamus and his management team did a terrific job working with us to build the company organically and through add-on acquisitions. By increasing product depth and breadth, Winchester is able to deliver exceptional value to its customers. We wish Kevin and his team continued success.”

Kevin Perhamus, Chief Executive Officer, Winchester Electronics said, “Audax has been instrumental in transforming Winchester through organic growth and acquisitions. Together we have developed the executive team, restructured and expanded the sales force, developed a vertical marketing function, implemented a new CRM system, and executed on thirteen acquisitions.”

Lincoln International served as the exclusive financial advisor to Winchester and Audax. Kirkland & Ellis LLP advised Winchester and Audax in the transaction. Simpson Thacher & Bartlett LLP were legal advisors to Snow Phipps.



Founded in 1941, Winchester is a leading provider of custom engineered interconnect solutions for diverse, growing end markets requiring high reliability and application specific expertise. Winchester’s world class design and engineering capabilities enable it to solve interconnect problems when downtime of the application can result in significant economic losses to the customer. The Company’s complex, custom connectors and engineered cable assemblies transmit power and data to numerous global, blue-chip OEMs. Winchester’s strategic global footprint, supported by nine facilities and one corporate office, provide local engineering and sales support to its customers. For more information about Winchester, visit www.winchesterelectronics.com.