Headquartered in Fort Worth, Texas, TTI, Inc. is known as the world’s leading authorized, specialty distributor of interconnect, passive and electromechanical (IP&E) components and the distributor of choice for industrial and consumer electronics manufacturers worldwide.
Fort Worth native Paul Andrews graduated from Arlington Heights High School and attended the University of Texas at Austin and Texas Christian University. It was in 1964, that Andrews started what he deems his first real job, working in the shipping department at Howell Instruments. In 1966, he moved to Arco Electronics in Arlington, Texas, and then to General Dynamics in 1968. In 1971, along with 20,000 others, Andrews was laid off from when the F-111 jet fighter/bomber project was grounded.
Almost immediately Andrews started Tex-Tronics with the idea that it would be a temporary source of income until he could find permanent employment. (The name Tex-Tronics was later changed to TTI). As a buyer at General Dynamics, Andrews had difficulty procuring certain types of electronic components. With that in mind, he started brokering those parts, providing better service and delivery than the large, established distributors.
To date, Andrews continues to insist that TTI’s business success hasn’t been rocket science – it’s simply “doing what you say you’re going to do and providing exceptional service,” a simple strategy that continues to fuel the company’s organic grow year-after-year.
In 2000, Mouser Electronics, in Mansfield, Texas, caught Andrews’ attention and the purchase served to propel TTI into the catalog distributor segment. Subsequently, 11 more acquisitions would follow, adding to TTI’s global presence in the distribution market.
Over the years Andrews had numerous offers to sell his company to publicly owned companies and competitors. In 2006, he began to explore various options and was introduced to investment icon Warren Buffett. The following year TTI and subsidiary Mouser Electronics joined the Berkshire Hathaway family of companies.
Globally, TTI, Inc. services customers through 900,000 square feet of dedicated warehouse space containing over 850,000 component part numbers. Along with subsidiaries, Mouser Electronics and Sager Electronics, TTI employs more than 4,700 employees and is represented in over 100 locations throughout North America, Europe and Asia.
With Andrews’ continued leadership and direction, the goal of TTI remains true to its founding; be the best, rather than the biggest distributor of IP&E components. This goal is achieved by hardworking, knowledgeable people who are committed to the philosophy of TTI’s mission.
1971 - Paul Andrews forms Tex-Tronics.
1974 - Tex-Tronics becomes TTI, Inc.
1975 - TTI reaches $1 million in sales.
1976 - TTI installs first computer.
1978 - TTI enters capacitors business.
1981 - TTI celebrates its 10 year anniversary
1981 - TTI opens Headquarters in Fort Worth, TX.
1983 - TTI installs IBM Mainframe system.
1985 - TTI reaches $50 million in sales.
1985 - First top 25 distributors ranking byElectronic Business News.
1986 - TTI moves into the military connector market.
1988 - Paul Andrews requires all employees to learn to type 35 WPM.
1989 - TTI passes $100 million in sales.
1989 - Launches Total Quality Management system.
1990 - TTI becomes top Passives distributor in US.
1991 - TTI celebrates 20 year anniversary.
1992 - First European office opens in Munich, Germany.
1994 - TTI installs Warehouse Control System.
1995 - TTI passes $500 million in sales.
1998 - TTI opens first Mexico office in Guadalajara, MX.
2000 - TTI acquires Mouser Electronics, passes $1 billion in sales, and opens first office in Asia in Singapore.
2001 - TTI enters the electromechanical market.
2001 - TTI celebrates its 30 year anniversary.
2007 - TTI Inc. acquired by Berkshire Hathaway.
2008 - TTI acquires NTI and Mateleco.
2010 - TTI acquires Net-Aye in Israel, establishing the first TTI Israel office.
2010 - TTI acquires Flightspares Electronics Ltd.
2011 - TTI celebrates 40 year anniversary.
2012 - TTI acquires Sager Electronics.
2012 - TTI acquires Campbell Collins.
2012 - TTI acquires NPCS Autotronics Co. in Shanghai, China.
2013 - TTI acquires Ray-Q Ltd. in Israel.
2014 - TTI acquires HuaTong Electronic Co., Ltd.
2014 - TTI acquires Astrex Electronics.