Sale to Cogenuity Partners marks the completion of a multi-year platform strategy and significant value creation.
SAN DIEGO, Sept. 4, 2025 /PRNewswire/ — Tide Rock today announced the successful sale of Interconnect Solutions Company (ISC) to Cogenuity Partners, a middle market private equity firm investing in high performing advanced industrial businesses. The transaction marks the completion of a multi-year strategy to scale ISC into a market leader serving the most complex and demanding applications across aerospace & defense, space & UAV, industrial and medical industries.
ISC is a vertically integrated manufacturer of complex interconnect assemblies, providing engineering, prototyping, low-to-mid volume production, precision assembly, testing, and program-level customer support. Its capabilities are used in systems that require exact standards and consistent performance under extreme conditions.
“We acquired high-quality businesses with strong foundations and a solid regional presence,” said Ryan Peddycord, CEO of Tide Rock. “We integrated them, invested strategically in people, capacity and capabilities, and focused on building sustainable customer relationships in high-growth end markets. Today, ISC is a trusted partner to industry-leading aerospace and defense companies and is positioned to continue its rapid growth under Cogenuity’s ownership.”
Tide Rock began building the ISC platform in 2018 with the acquisition of ISC Engineering, a California-based manufacturer of custom molded cable assemblies for harsh environments. Over the next several years, the firm acquired and integrated additional companies—PKC (2020), TriTek Electronics (2022), MX Electronics (2023) and CableNet Aerospace (2024)—each contributing specialized manufacturing capabilities, critical quality certifications and customer relationships.
These businesses became a single platform with a focus on high-mix, low-to-medium volume production for demanding, mission-critical applications. Today, ISC delivers interconnect and electromechanical assemblies for programs in aerospace, defense, space, medical device, and advanced industrial segments.
ISC has developed long-standing relationships with Tier 1 primes and is embedded in several long-term defense, space and UAV programs. The company is often sole-sourced or serves as the primary supplier on key platforms. Its customer base values ISC’s ability to meet tight production timelines, manage complexity, and maintain quality standards that meet or exceed industry requirements.
“We set clear priorities early—to build a platform that could serve the most demanding customers in industries that demand precision, reliability and on-time delivery,” said Peddycord. “We executed that strategy with discipline, and over our hold period, ISC grew by more than 400%. This milestone is a testament to the focused execution and hard work of everyone involved and reflects Tide Rock’s approach of building on the legacy of businesses with high quality products, supported by an experienced Tide Rock Growth Team that implements a playbook built from years of best practices.”
As with Accu-Fab, a metal manufacturing platform successfully transitioned to Mayville Engineering Company two months ago, Tide Rock and ISC aligned on a clear strategic goal to focus its commercial strategy around high-growth end markets and invest in the capabilities and capacity needed to serve them.
About Tide Rock
Tide Rock is an unlevered buyout firm that acquires companies with strong free cash flow and grows them to scale while distributing high quarterly yield to its investors. With offices in San Diego and New York City, it owns a portfolio of economically resilient companies in the lower middle market, specifically in the manufacturing, value-add distribution, and B2B services industries. The company’s unique model consistently drives high-yield returns without the risk profile typically associated with other investment vehicles. Learn more at tiderock.com.
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SOURCE Tide Rock LLC
