STUART, FLORIDA – In Q4 2018, Coaxial Components Corp began its quest to substantially grow its market share of the global RF electronics industry. The 30-year old company was purchased by its long-term executive team along through its new partnership with HaasTech Capital. The acquisition also included the assets of Microwave Distributors Company and MIDISCO, two industry leading distributors once owned by Coaxicom’s founder who bundled the assets into the transaction.
Since the December acquisition, the company has secured contracts with a key supplier to major telecom companies in their race to develop a nationwide 5G wireless network. The company’s growth plan also includes increased revenue from the availability of the MDC and MIDISCO inventory, leading to the expansion of the company’s Florida operations.
Electrical engineer David House, joined the Coaxial Components Corp from his most recent post at Elon Musk’s Tesla Energy and Transportation Group. “David’s expertise in engineering will enable us to provide our customers with engineering solutions and product knowledge at the highest level possible,” says Donna Haas, Owner & Managing Director. “He will interface with project engineers at all phases of RF design”.
Scott Arensman relocated to the South Florida Coaxicom division, bringing with him a wealth of corporate sales experience. Haas adds, “Scott brings 30 years of consultative sales experience in working with engineer and design teams. Coaxicom will continue to recruit and retain top industry talent to competitively create value in our customers RF system designs and supply chain challenges.”
According to the Wall Street Journal’s MarketWatch Report from March 13th, the worldwide market for RF Coax Connector is expected to grow at a CAGR of roughly 5.4% over the next five years. The growth will reach 4940 million US$ in 2024, rising from 3610 million US$ in 2019.
Coaxial Components Corp’s Coaxicom brand provides the company a competitive edge providing flexibility for quicker turnaround times, higher quality and custom design capabilities. Coaxicom offers US manufacturing of its high precision line of coaxial cable assemblies, rf connectors, adapters, BNC connectors, and other electronic components. The company’s acquisition of the vast Microwave Distributors and MIDISCO inventory makes Coaxial Components Corp a one-stop resource for a wide range of parts from a variety of manufacturers over the past 55 years. Research and cross reference tools are available at the Coaxicom.com.