# TE Connectivity to acquire Richards Manufacturing from Oaktree

TE Connectivity has entered into a definitive agreement to acquire Richards Manufacturing Co., a provider of utility grid products, from funds managed by Oaktree Capital Management and the Bier family. The acquisition strengthens TE's position in serving electrical utilities in North America.

- Type: Acquisition
- Announced: 2025-02-12
- Where: Irvington, New Jersey, United States
- Status: announced
- Products: underground distribution equipment, medium voltage cold-shrink cable accessories, network protector products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Oaktree Capital Management](https://endata.com/companies/2339.md) (partner)
- [TE Connectivity](https://endata.com/companies/16155.md) (acquirer)
- [Richards Manufacturing Co.](https://endata.com/companies/82887.md) (target)

## Sources

- [te.com](https://www.te.com/en/about-te/news-center/corporate-news/2025/2025-02-12-te-connectivity-to-acquire-richards-manufacturing-to-expand-position-in-fast-growing-energy-market.html), 2025-02-12: "The acquisition of Richards Manufacturing aligns with our strategy and positions us to further capitalize on an accelerating grid replacement and upgrade cycle in North America."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.