TE Connectivity Completes Acquisition of Richards Manufacturing
April 1, 2025
TE Connectivity plc has completed its previously announced acquisition of Richards Manufacturing Co. The all-cash, approximately $2.3 billion deal strengthens TE’s position serving electrical utilities by expanding its underground utility grid product portfolio.
- Buyers
- TE Connectivity plc
- Targets
- Richards Manufacturing Co
- Sellers
- Funds managed by Oaktree Capital Management, Members of the Bier family
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
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