Metal matrix composites reinforced with ceramic particles have become the most attractive material in the research and development of new materials for thermal management applications. In this work, 40–60 vol. % TiCx-TiB2/Al composites were successfully fabricated by the method of combustion synthesis and hot press consolidation in an Al-Ti-B4C system. The effect of the TiCx-TiB2 content on the microstructure and compression properties of the composites was investigated. Moreover, the abrasive wear behavior and thermo-physics properties of the TiCx-TiB2/Al composite were studied and compared with the TiCx/Al composite. The compression properties, abrasive wear behavior and thermo-physics properties of the TiCx-TiB2/Al composite are all better than those of the TiCx/Al composite, which confirms that the TiCx-TiB2/Al composite is more appropriate for application as a heat sink.