The private equity firm Behrman Capital on Wednesday said it has acquired George Industries, a New York-based manufacturer of thermal management products for the aerospace, defense, transportation and industrial sectors.
Terms of the deal were not disclosed. George Industries was a portfolio company of the private investment firm Orangewood Partners.
George Industries, based in Endicott, N.Y., manufactures chassis, enclosures, heat sinks, electronic packaging, wave guides, manifolds, cooling systems and other thermal management products. It has capabilities in engineering, dip and vacuum brazing, CNC machining, sheet metal fabricating, welding and painting.
Behrman is acquiring the company in partnership with members of George Industries’ senior management team, which will continue to lead the company.
“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,” Grant Behrman, managing partner of Behrman Capital, said in a statement. “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.” He added that “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.”
George Industries also has a facility in Illinois. The company’s financial adviser on the deal was Houlihan Lokey.