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Astrex is a value-added distributor of electronic interconnects used in military, aerospace, medical, industrial and other high-reliability and ruggedized applications based in Plainview, NY.

Rockwood’s Role

  • Removed ties with the former parent within four months of close, including the relocation of a sales and light assembly operation from a shared facility and creating a stand-alone finance/accounting function from scratch
  • Recruited a new senior management team and board of directors with strong supplier, customer and market relationships
  • Completed a small tuck-in acquisition to expand the company’s supplier line card, value added service offering, end market exposure and geographic footprint
  • Expanded the company’s product offering organically by adding five new suppliers and more than 20 new product families
  • Successfully navigated a downturn and grew EBITDA over the course of ownership
White Plains, New York
Other Locations
New York

Rockwood acquired the assets of Astrex in September 2008 from a parent company that was in financial distress. Rockwood completed its due diligence, raised outside debt financing and closed the transaction in 35 days after signing a letter of intent, which was imperative given the deteriorating financial position of the parent company and its impact on Astrex’s operations. In early 2013, Astrex acquired TIM-CO, a leading distributor of electronic components focused on the commercial aviation, space, oil & gas, industrial and military markets. In June 2014, Astrex was sold to TTI, Inc.

Aerospace & Defense

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