TTI Inc, an indirect, wholly owned subsidiary of Berkshire Hathaway, is set to acquire RFMW Ltd, a California based specialty distributor.
Upon completion of the acquisition, RFMW will continue to operate under the RFMW brand name, reporting through the TTI Semiconductor Group (TSG). Joel Levine will continue to serve as President of RFMW, and will report to TSG President, Michael Knight. Consummation of the transaction is subject to entering into a definitive agreement regarding the transaction and to the satisfaction or waiver of the conditions to closing to be specified in such definitive agreement. The transaction is expected to close October 1, 2018.
According to Michael Knight, SVP, TTI Business Development and TSG President, RFMW will be an important addition to the TTI Family of Companies and the semiconductor distribution group. The company culture, focus, and reputation for superior customer service and technical expertise complement TTI extremely well and are a perfect fit for their own specialty distribution model.
Joel Levine, RFMW President and company founder, believes, TTI’s specialist vision aligns perfectly with RFMW and represents the best possible scenario by allowing RFMW to focus on radio frequency and microwave products and technology. Joining the TTI Family of Companies will allow RFMW to continue on the growth path and benefit the loyal employees who remain committed to the RFMW specialization strategy, world-class suppliers, and focused customer base. TTI’s investment will support the next generation as RFMW now looks to add resources, extend reach and increase capabilities for both suppliers and customers.
