Hackettstown’s Astrodyne Holding Corp., parent of Astrodyne TDI, has been bought by Tinicum L.P. and affiliated funds managed by Tinicum Inc.
The financial terms were not released.
Astrodyne TDI’s products include power supplies and electromagnetic interference filters for use in industrial, semiconductor capital equipment, medical, defense, aerospace and other end markets.
“We specialize in collaborating with our customers to develop solutions that satisfy their specific needs in power conversion and EMI filtering,” CEO Jeff Beck said. “Tinicum’s ownership will enable us to expand our company’s resources globally and accelerate the development of new products, allowing us to better serve the needs of our customers.”
Astrodyne TDI’s power solutions are used in a variety of demanding product applications, which include semiconductor manufacturing and testing equipment, industrial control systems, oil and gas exploration equipment, life-saving heart assist devices, commercial and military aircraft, radar and missile defense systems, electric vehicles and test and measurement devices.
“Significant engineering resources are required to design and produce the power solutions that Astrodyne TDI provides to its customers,” said Michael Donner, a partner at Tinicum. “We are long-term business owners, and we look forward to supporting Astrodyne TDI’s growth as it develops stronger partnerships with its customers and expands its business to serve new applications and markets.”
