Linx Technologies

Argosy Private Equity | Sale | TE Connectivity

Leading provider of wireless technology solutions to device manufacturers in the commercial, government, consumer, agricultural, and industrial segments.

Case

Delancey Street Partners is pleased to announce that Linx Technologies (“Linx” or the “Company”), a portfolio company of Argosy Private Equity (“Argosy”), has been acquired by TE Connectivity (NYSE: TEL) (“TE”). Delancey Street Partners served as exclusive financial advisor to Linx and Argosy, managed a competitive process, and negotiated the terms of the transaction.

July 2022
Linx Technologies Holdings, LLC
Sale of Linx Technologies
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Linx Technologies Holdings, LLC and Argosy Private Equity

Delancey Street Partners is pleased to announce that Linx Technologies (“Linx” or the “Company”), a portfolio company of Argosy Private Equity (“Argosy”), has been acquired by TE Connectivity (NYSE: TEL) (“TE”). Delancey Street Partners served as exclusive financial advisor to Linx and Argosy, managed a competitive process, and negotiated the terms of the transaction.

About

July 2022
Linx Technologies Holdings, LLC
Sale of Linx Technologies
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Linx Technologies Holdings, LLC and Argosy Private Equity

Situation

Founded in 1997, Linx Technologies is a leading provider of wireless technology solutions to device manufacturers in the commercial, government, consumer, agricultural, and industrial segments. Linx is an antenna design and manufacturing company focused on serving original equipment manufacturers (“OEMs”) that require wireless functionality for their products.

The Company’s antennas are engineered for industrial, scientific and medical (“ISM”), Wi-Fi, cellular, and global navigation satellite system (“GNSS”) bands for numerous Internet of Things (“IoT”) applications. Linx complements its antenna product lines with RF connectors, RF modules, remote controls, and sub-GHz data modules.

Argosy Private Equity (www.argosycapital.com/private-equity), founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects. Argosy Private Equity is a division of Argosy Capital Group, Inc. (“Argosy Capital”) together with Argosy Real Estate Partners, Argosy Credit Partners, Argosy Strategic Partners, and Argosy Healthcare Partners. Argosy Capital is an investment adviser with approximately $2.7 billion of assets under management. All of the Argosy Capital funds focus on lower middle market investment strategies.

TE Connectivity (www.te.com) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. TE’s broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With more than 85,000 employees, including over 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that every connection counts.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders, and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising, and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Business & Technology Services, Healthcare, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

For additional information about this transaction, please contact:

Patrick E. Dolan

Managing Director Phone: (484) 533 – 6311

Patrick E. Dolan

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Steven D. Higgins

Managing Director Phone: (484) 533 – 6308

Steven D. Higgins

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