Coaxial Components Corp (also known as Coaxicom) has announced that it, along with its affiliated companies, has been sold by company owner David Leiman to new owners, Laurie Andrews and Donna Haas. The sale of the privately held global manufacturer based in Martin County completed the transition of leadership to Managing Director Julian Andrews, who has been with the firm since 1989 and has been overseeing daily operations for the past 8 years.
The new owners, Laurie Andrews of Jensen Beach and Donna Haas of Stuart, announced the acquisition of the firm, which also includes the assets of three additional affiliated companies previously based in New York and Florida. As a result of the transaction, Leiman resigned from his position of President, ending a prestigious career of nearly 60 years. Leiman, who has been recognized as an industry icon, was pleased to see the company’s legacy continue to evolve as a woman-owned entity. The company offers one of the largest inventories of military grade electronic components due to the merger of Coaxicom, Dal-Tech Devices, Microwave Distributors Company and MIDISCO.
As new CFO, Donnas Haas of Haas Tech Capital will bring new financial leadership to the company which has generated revenues in excess of $20 million. Haas will implement an innovative growth plan, designed to take advantage of the strong manufacturing outlook, while developing new markets for the industry-leading Coaxicom and MIDISCO brands. Under Haas’ stewardship, Coaxial Components Corp will reposition its sales strategy to focus on capturing greater market share of the rising demand for quick delivery, US-manufactured product lines.
Coaxial Components Corp (also known as Coaxicom), headquartered in Stuart, is also the manufacturing center for development of Coaxicom’s broad spectrum of precision connectors, inter & intra series adapters; RF connectors; attenuators; terminations; phase adjusters; torque wrenches and cable assemblies. It received the Import Excellence award from the Martin County Business Development Board in 2013. Yale University researchers have also applauded the company’s development of a series of non-magnetic connectors utilized by the medical industry for MRI imaging.