Private equity firm Snow Phipps has completed its acquisition of Winchester Electronics from Audax Private Equity for an undisclosed amount.
South Norwalk-based Winchester provides custom-engineered interconnect solutions for high-reliability applications in a number of markets, including military/aerospace, medical, semiconductor, and oil and gas.
Winchester said in a statement that, since Audax’s initial investment in 2006, it has completed 13 acquisitions, diversifying its customer base, shifting its business mix toward higher growth and higher margin applications, and broadening its product and manufacturing capabilities.
The existing Winchester management team, led by CEO Kevin Perhamus, will remain in place. Snow Phipps operating partner Jay Twombly will join Winchester as the non-executive chairman of the board of directors.