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