TTI, Inc. Market Research Report

Background

Company Overview

TTI, Inc., established in 1971 by Paul Andrews, is a leading authorized distributor specializing in passive, interconnect, and discrete electronic components. Headquartered in Fort Worth, Texas, the company has grown to employ over 9,000 individuals across more than 136 locations worldwide. TTI's extensive product portfolio includes resistors, capacitors, connectors, discrete semiconductors, sensors, RF modules, and antennas, serving sectors such as industrial, military, aerospace, transportation, medical, and communications.

Mission and Vision

TTI is dedicated to providing high-quality electronic components and supply chain solutions, aiming to be the distributor of choice for manufacturers globally. The company's mission emphasizes delivering exceptional service and fostering long-term relationships with customers and suppliers.

Key Strategic Focus

Core Objectives

TTI focuses on expanding its global presence, enhancing its product offerings, and strengthening customer relationships. The company aims to maintain its position as a preferred distributor by offering a broad and deep product portfolio, available-to-sell inventory, and sophisticated supply chain programs.

Areas of Specialization

TTI specializes in the distribution of passive, interconnect, and discrete electronic components, catering to various industries, including industrial, military, aerospace, transportation, medical, and communications.

Key Technologies Utilized

The company leverages advanced supply chain management systems, inventory control technologies, and customer relationship management (CRM) tools to optimize operations and enhance customer service.

Primary Markets Targeted

TTI serves a diverse range of markets, including industrial, military, aerospace, transportation, medical, and communications sectors.

Financials and Funding

Funding History

TTI, Inc. is a wholly owned subsidiary of Berkshire Hathaway Inc., which acquired the majority ownership in 2007.

Total Funds Raised

As a privately held subsidiary, TTI does not publicly disclose detailed financial information regarding total funds raised.

Notable Investors

The primary investor is Berkshire Hathaway Inc., led by Warren Buffett.

Intended Utilization of Capital

Capital is utilized to support global expansion, enhance product offerings, invest in technology and infrastructure, and strengthen customer relationships.

Pipeline Development

As a distributor, TTI does not develop its own products but focuses on expanding its product portfolio by partnering with leading manufacturers to offer a comprehensive range of electronic components.

Technological Platform and Innovation

Proprietary Technologies

TTI utilizes advanced supply chain management systems and inventory control technologies to optimize operations and ensure timely delivery of products.

Significant Scientific Methods

The company employs sophisticated supply chain programs and customer relationship management (CRM) tools to enhance operational efficiency and customer service.

Leadership Team

Key Executives

Mike Morton: Chief Executive Officer (CEO) of TTI, Inc.

Ash Bhuskute: Chief Financial Officer (CFO) of TTI, Inc.

John Archer: Chief Administrative Officer of TTI, Inc.

John Drabik: President, TTI IP&E Global

Glenn Smith: CEO of Mouser Electronics

Jeff Newell: President of Mouser Electronics

Frank Flynn: President of Sager Electronics

Michael Kennedy: President of Exponential Technology Group

Susan Sumners: Senior Vice President of Information Services

Professional Backgrounds and Contributions

Mike Morton: With over 40 years at TTI, Mike Morton has held various leadership roles, including Chief Operating Officer, before being appointed CEO.

Ash Bhuskute: As CFO, Ash Bhuskute oversees financial operations and strategic financial planning for TTI.

John Archer: Serving as Chief Administrative Officer, John Archer manages administrative functions and corporate governance.

John Drabik: As President of TTI IP&E Global, John Drabik leads the Industrial, Power, and Energy division, focusing on global expansion and customer engagement.

Glenn Smith: CEO of Mouser Electronics, Glenn Smith drives the company's growth and strategic direction.

Jeff Newell: As President of Mouser Electronics, Jeff Newell oversees daily operations and business development.

Frank Flynn: President of Sager Electronics, Frank Flynn leads the company's initiatives in power products and services.

Michael Kennedy: As President of Exponential Technology Group, Michael Kennedy focuses on expanding TTI's technological capabilities and market reach.

Susan Sumners: Senior Vice President of Information Services, Susan Sumners manages TTI's information technology and data management strategies.

Leadership Changes

In August 2025, Michael Knight returned to TTI, Inc. as Corporate Senior Vice President, Strategy, reporting directly to CEO Mike Morton. Michael Knight previously served in various leadership roles at TTI for 18 years, contributing significantly to the company's growth and expansion.

Competitor Profile

Market Insights and Dynamics

The electronic components distribution market is characterized by a broad range of products and services, with key players focusing on expanding their product portfolios, enhancing supply chain capabilities, and strengthening customer relationships.

Competitor Analysis

Key competitors in the electronic components distribution market include:

Arrow Electronics: A global distributor of electronic components and enterprise computing solutions, offering a wide range of products and services.

Avnet: A global technology solutions company providing electronic components and embedded solutions, serving various industries.

RS Components: A global distributor of industrial and electronic products, offering a vast product range and supply chain solutions.

Strategic Collaborations and Partnerships

TTI collaborates with leading manufacturers to expand its product offerings and enhance supply chain capabilities. Notable partnerships include:

Mouser Electronics: A wholly owned subsidiary of TTI, specializing in the rapid introduction of new products and technologies for design engineers and buyers.

Sager Electronics: A New England–based distributor specializing in power products and services, serving a North American customer base.

Exponential Technology Group (XTG): A subsidiary focusing on advanced technology solutions, including wireless technology and engineering design services.

Operational Insights

TTI's strategic considerations include:

Major Competitors: Arrow Electronics, Avnet, and RS Components.

Market Position: TTI holds a strong position in the electronic components distribution market, leveraging its extensive product portfolio and global supply chain capabilities.

Competitive Advantages: TTI's personalized service, custom supply chain solutions, and partnerships with leading manufacturers distinguish it in the market.