Amphenol Corporation (NYSE:APH) entered into an agreement to acquire TPC Holdings, LLC from Audax Management Company, LLC and others for approximately $1 billion on August 18, 2025. The consideration will be in cash, subject to customary post-closing adjustments. Amphenol will finance the transaction with cash on hand.

The transaction is subject to certain regulatory approvals and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2025. The acquisition will be included in the Harsh Environment Solutions segment and is expected to be accretive to Amphenol?s earnings per share in the first year post closing. William Blair & Company L.L.C. and Guggenheim Securities L.L.C. acted as financial advisors, while Jeffrey Seifman, Daniel A. Guerin and Christopher Grady of Kirkland & Ellis LLP and Fredrikson & Byron served as legal counsel to Audax Management Company, LLC. Winston & Strawn LLP acted as legal advisor to Amphenol Corporation.

Amphenol Corporation (NYSE:APH) completed the acquisition of TPC Holdings, LLC from Audax Management Company, LLC and others on November 6, 2025. Trexon is expected to be accretive to earnings in the first year post closing.