Arxis Inc. has completed its $770 million acquisition of Omnetics Connector Corporation, the company said on Tuesday. The transaction was structured as a stock deal, with Arxis issuing approximately 13.35 million shares of Class A common stock to former Omnetics shareholders.
The Minneapolis-based Omnetics, founded in 1984, specializes in Micro-D-Sub and Nano-D-Sub connectors and interconnect assemblies used in defense, space, commercial aerospace and medical applications. Following the acquisition, Omnetics will operate within Arxis’ Electronic Components Segment.
Arxis, headquartered in Bloomfield, Connecticut, and listed on the NASDAQ under ticker ARXS, is an industrial compounder formed in partnership with private investment firm Arcline Investment Management, which oversees more than $30 billion in assets under management. The combined purchase price multiple, including the prior MagCanica acquisition, is estimated at about 12 times fiscal 2027 adjusted EBITDA.
William Blair & Company served as financial advisor to Arxis, while Vermillion Capital advised Omnetics on the transaction. The deal’s enterprise value is subject to customary closing adjustments.
