| Type | Subsidiary of Berkshire Hathaway |
|---|---|
| Industry | Electronics |
| Founded | Fort Worth, Texas, USA (1971) |
| Headquarters | Fort Worth, Texas, USA |
| Key people | Paul Andrews, Jr., CEO & Founder |
| Products | Electronic components |
| Revenue | $835 million USD (2005) |
| Employees | 1,500+ |
| Website | www.ttiinc.com |
TTI, Inc. is a distributor of passive, interconnect and electromechanical components. The company was founded by Paul Andrews in 1971. As a former parts buyer for General Dynamics, a military aircraft manufacturer, Andrews developed a specialized inventory with emphasis on capacitors, resistors and connectors and combined it with supply chain management systems.
Originally named Tex-Tronics, Inc., Andrews changed the name to TTI, Inc. in 1973 to avoid a legal dispute involving another company with a similar name. Though it began as a very small entrepreneurial endeavor, TTI is now ranked fifth in North American electronic distribution sales[1] and eighth in global electronic distribution sales[2], based on 2005 sales. Locally, TTI is the second largest private company in Tarrant County.[3]
TTI's main operations are based in Fort Worth, Texas. Area facilities include the 270,000-square-foot (25,000 m2) corporate headquarters and passives operation, a 200,000-square-foot (19,000 m2) connector warehouse, assembly and modification center.TTI also has operations in Europe, including a new 165,000-square-foot (15,300 m2) multi-level distribution center in Maisach-Gernlinden near Munich, Germany, which opened in mid-2005. TTI expanded its Asia facilities in Singapore, Hong Kong, Taiwan and China.
In 2000, TTI acquired Mouser Electronics[1], a broad-line catalog distributor based in Mansfield, Texas. Reed Business Publications listed both TTI and Mouser Electronics in their "50 to Watch" list in Movers & Shakers of 2003.[4]
TTI’s original customer base consisted primarily of companies that manufactured military/aerospace electronic products. Their distribution products and services have expanded to cover more of the commercial and automotive markets as well. Typical customers include component manufacturers, cable assembly houses and small- to medium-sized electronics manufacturers. In December 2006 Paul Andrews agreed to sell majority ownership of TTI to Warren Buffett controlled Berkshire Hathaway. The acquisition was completed on March 30, 2007.