Leiman Sells Coaxial Components Corp. and Coaxicom Brand to Top Executive

STUART, Fla., Jan. 9, 2019 /PRNewswire-PRWeb/ -- After 55 years in the precision RF connector business, North Palm Beach's David Leiman announced the sale of Coaxial Components Corp and its affiliated companies in December. The sale of the privately held global manufacturer based in Martin County, Florida 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.

New owners, Laurie Andrews of Jensen Beach and Donna Haas of Stuart, announced the acquisition of the firm, which also included 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 merge of Coaxicom, Dal-Tech Devices, Microwave Distributors Company and MIDISCO.

"The demand is high for quality US manufacturing in this competitive industry that has been inundated with low-quality imports over the past decade," says Andrews. "The focus on American-made quality has been a top priority for supply chain managers and many of today's top defense industry contractors." Andrews previously served as the Director of Operations for Coaxicom.

As 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. "I look forward to working with the team to continue to expand Coaxicom's global position," says Haas.

Coaxial Components Corp headquarters 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. Coaxicom 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.

SOURCE Coaxial Components Corp