Auxo Investment Partners Acquires TACK Electronics and Morgan Royce Industries
Auxo Investment Partnersย (official site)ย expanded its wire and cable platform with the acquisition ofย TACK Electronicsย andย Morgan Royce Industries (MRI). The U.S.-based investment firm did not disclose the purchase price, but both companies will further strengthen Auxoโs portfolio of specialized wire harness and cable assembly providers.
Expanding Auxoโs Wire and Cable Manufacturing Platform
Together, the two companies produceย custom wire harnesses, cable assemblies, and box buildsย for several high-performance industries. Their customers span sectors such asย semiconductors, aerospace and defense, gaming, medical, transportation,ย andย energy equipment.
These new additions follow Auxoโs earlier purchase ofย Golden State Assembly, another wire and harness manufacturer. With this move, Auxo continues to expand its nationwide presence in theย electrical connectivity and contract manufacturing market.
TACK Electronics Strengthens Midwest Manufacturing Capabilities
Based inย Grand Rapids, Michigan,ย TACK Electronicsย (official site)ย designs and manufacturesย custom wire harnessesย andย cable assembliesย for a wide range of electronic applications.
Founded inย 1996ย by George and Linda Maines in a two-stall garage, the company grew steadily over the decades. Their son,ย Todd Gaines, now serves as CEO and will continue to lead the business under Auxoโs ownership.
Morgan Royce Industries Adds West Coast Expertise
Founded inย 1991,ย Morgan Royce Industries (MRI)ย (official site)ย operates fromย Fremont, California. The company specializes inย turnkey and consignment cable manufacturing, along withย wire harnesses, PCB assemblies, box builds, reconfigurations, upgrades,ย andย repairs.
Larry Johnston, current CEO of MRI, will remain in his leadership role, ensuring operational continuity and steady growth within Auxoโs platform.
Strengthening a Growing North American Network
Golden State Assembly, another key brand in Auxoโs platform, suppliesย wire harnesses and assembliesย for industries such asย automotive, solar, power, medical, semiconductor,ย andย agriculture equipment. With TACK and MRIโs addition, the expanded group enhances Auxoโs ability to deliver customized solutions across multiple high-tech markets.
