Astrodyne TDI Has Agreed to be Acquired by TE Connectivity

William Blair acted as the lead financial advisor to Astrodyne TDI (ATDI), a portfolio company of Tinicum L.P. (Tinicum), in connection with its pending sale to TE Connectivity (NYSE: TEL). The transaction was announced on July 22, 2026, and is expected to close by the end of 2026, subject to customary regulatory approvals and closing conditions.

About the Companies

ATDI designs and manufactures power supplies, power conversion products, EMI/EMC filters, power distribution units, and integrated power solutions for mission-critical applications across semiconductor manufacturing equipment, medical, defense, and industrial end markets. Based in Hackettstown, New Jersey, with manufacturing operations across North America, China, and Southeast Asia, the company is recognized for its deep engineering expertise and close collaboration with customers to solve complex power electronics challenges and enable next-generation technologies.

Tinicum, founded in 1974 as a family investment office, is a private partnership that manages a diversified group of manufacturing, distribution, and industrial technology companies. It seeks to be a trusted partner of business owners and executives who share its belief that long-term prosperity can be created by teams of capable, honest people working together and investing diligently to fulfill the potential of a great business.

TE Connectivity is a global industrial technology leader that designs and manufactures connectivity and sensor solutions enabling the transfer of power, signal, and data across the transportation, industrial, medical, energy, and data communications markets.

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