NEW YORK , Aug. 17, 2022 /PRNewswire/ -- Behrman Capital ("Behrman"), a private equity investment firm based in New York , today announced that it has acquired George Holding , Inc. ("George Industries" or the "Company"), a leading designer and manufacturer of mission-critical and highly engineered components for the defense, aerospace and industrial sectors. Financial terms of the transaction were not disclosed.
Headquartered in Endicott, NY since its founding in 1954, George Industries is a recognized leader for its strong capabilities and expertise in manufacturing thermal management products which are critical to the functionality of electronic systems. The Company's product offering includes highly engineered chassis, enclosures, heat sinks, cooling systems and other thermal management products. Core manufacturing capabilities include dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, laser cutting, mil-spec finishing and mechanical assembly. Additionally, the Company designs and manufactures close-tolerance, high-reliability components for satellites, aircraft and defense programs through its second facility in Wheeling, IL.
Grant G. Behrman , Managing Partner of Behrman Capital, said, "George Industries has an impressive reputation and is well-positioned to take advantage of the growing need for thermal management products serving high-reliability industries, particularly in the defense sector. This transaction builds upon our strong defense and aerospace industry track record, following recent acquisitions of Micross, kSARIA and previous highly successful investment in Data Device Corporation. We are very enthusiastic about our new partnership with George Industries, and we see significant potential in the next stage of the Company's growth trajectory both through organic initiatives and select acquisitions as we build around the Company's thermal management capabilities. We look forward to partnering with the leadership team and continue the legacy that has been built through 60 years of operations."
Jan Mathiesen , CEO of George Industries, added, "We are excited to partner with Behrman Capital as we enter the next phase of the Company's growth. Through their network of relationships and expanded capital base, we will build upon the many opportunities to leverage George Industries' engineering and manufacturing expertise and blue-chip customer base to enhance the Company's strategic position and long-term growth prospects."
Behrman is investing in partnership with members of George Industries senior management team, which will continue to lead the Company.
Houlihan Lokey acted as exclusive financial advisor to George Industries in connection with the transaction.
Based in New York City , Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman . The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company's investments are focused in three industries: defense and aerospace, healthcare services, and specialty manufacturing and distribution. The firm has raised $4.0 billion since inception and is currently investing out of its sixth fund. For more information, please visit www.behrmancap.com.
George Industries is a recognized leader in the design, development, and manufacturing or mission critical engineered components for the defense, aerospace, transportation and industrial sectors. George has strong capabilities and expertise in manufacturing thermal management products which are critical to the functionality of electronic systems. George Industries was founded in 1954 and is headquartered in Endicott, NY . For more information, please visit www.georgeindustries.com.
Contact Ross Lovern / Nathaniel Shahan Kekst CNC ross.lovern@kekstcnc.com / nathaniel.shahan@kekstcnc.com
View original content:https://www.prnewswire.com/news-releases/behrman-capital-acquires-george-industries-301607286.html
Follow Buffett’s lead. And collect big dividends too.
Finally, investors have a good reason for why the U.S. stock market will suffer above-average volatility and below-average performance this month: It’s the Fed. Relatively few advisers are focusing on this outcome — at least among the more than 100 I regularly monitor.
Perhaps not: One fund manager that successfully navigated the past two major stock crashes is bracing for an awful end to the year because it fears the Federal Reserve’s quiet exit from bonds. London-based Ruffer LLP is concerned that the accelerating runoff of the Fed’s Treasury holdings will suck liquidity out of the markets—just as rising rates and falling stock and bond prices increase the need for cash to smooth the drop. “It puts a pincer on equities and bonds at the same time,” said investment director at Ruffer.
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Ready to go bottom fishing again? Any good angler can tell you that there’s plenty of good eating just waiting at the bottom of the creek, or the pond, or the lake. The same concept also holds for stocks – investors can always find some quality equities down at the market bottoms. Stocks get down there for a multitude of reasons, and the reasons aren’t always related to any fundamental flaw in the company or its share trading policies. Sometimes, it’s some idiosyncratic business move, or over-re
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Shat should investors do now if they are considering making a bet on the infamously volatile sector.
For many years, dividend stocks were one of the few places where investors could find decent yields in a world of ultralow rates. A 10-year Treasury bond was dealing out an emaciated 1.3% a year ago, less than half the 3% yield in dividend-rich sectors like utilities. “There’s a lot more income today than there was at the start of the year,” says Kelsey Berro, a portfolio manager at J.P. Morgan Asset Management.
Chinese stocks have come under pressure for various reasons over the past year and a half or so; a slowing economy has been one cause while domestic tussles with the regulators haven’t helped either, particularly for those in the tech sector. Another element keeping sentiment low and impacting performance has been the fear of de-listing for U.S.-listed Chinese stocks. This is on account of Chinese companies not meeting U.S. auditing standards. But the prospects of de-listing might be less likely
High oil and gas prices are boosting the energy sector as these stocks have widely outperformed the S&P 500 Index. It's no wonder: Demand for refined products remains strong and global supply is tight. It also produces renewable diesel and has a midstream segment, Valero Energy Partners LP, but its contribution to total earnings is under 10%.
In this article, we will take a look at the 10 tech stocks recently downgraded by analysts. If you want to see some other tech stocks receiving updated recommendations from analysts, go directly to Analysts are Downgrading These 5 Tech Stocks. Notable stocks from the tech sector, including HP Inc. (NYSE:HPQ), NVIDIA Corporation (NASDAQ:NVDA) and […]
NIO Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $NIO performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter. Check out the ticker page here.
In this article, we will discuss some of the best stocks to buy according to Dave Smith, Chief Investment Officer at investment management company Rockland Trust. If you want to explore similar stocks, you can also look at Long-Term Analyst: Buy These 5 Stocks. David Smith has been in the financial services industry for over […]
The stock plummeted after the U.S. government imposed new licensing requirements for advanced chip sales. Jefferies believes the contraction presents a buying opportunity.
Electric vehicle (EV) charging network company ChargePoint Holdings (NYSE: CHPT) gave investors a mixed fiscal 2023 second-quarter earnings report earlier this week. ChargePoint exceeded the high end of its prior guidance for revenue. The company had told investors to expect revenue of between $96 million and $106 million for the period, and it achieved $108.3 million in sales.
When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased's finances can add to this stress. While most people know that you need to file a final tax return for the deceased, most people … Continue reading → The post Income in Respect of a Decedent (IRD) appeared first on SmartAsset Blog.
Investors initially cheered the payrolls report, but then the market sold off on fears of big rate hikes. Is it time to worry about quantitative tightening?
Reminiscent of communist times? Maybe it's even worse.
While it may not be enough for some shareholders, we think it is good to see the DraftKings Inc. ( NASDAQ:DKNG ) share...
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.