We invest in profitable companies with strong niche positions within their industries. We are particularly interested in privately-owned companies in need of an ownership transition and divisions of larger companies that no longer fit their parent company's strategic direction.
Astrex is a value-added distributor of electronic connectors and accessories used in military and aerospace applications, as well as medical and industrial equipment and other applications requiring high-reliability, ruggedized electronic interconnects.
- Location: Plainview, NY
- Investment: September 2008
- Seller(s)/Deal Dynamic: Corporate carve-out of an operating division from a distressed private parent company; Rockwood partnered with incumbent CEO and recruited a CFO and COO in connection with the transaction
- Industries Served: Electronics / Defense / Aerospace / Medical Equipment
- Outside Directors:
- Bruce Johnson (Chairman) - Former President of Premier/Newark Electronics and former President of Richardson Electronics
- Tony Jachnycky - Former President of the Power & Signal Group, a division of Arrow Electronics
- Declan McCarthy - CFO of Phillips Feed & Pet Supply; former interim CEO and CFO of Truckpro; former Vice President of Finance at Barnes Distribution
- Terry Jarnigan - COO of Infinite RF Holdings, Inc; former President and CEO of Tri-Star Electronics International
- Website: http://www.astrex.net
- Case Study