Greybull Stewardship, a private investment firm that partners with small, established businesses to help them grow and scale, today announced the acquisition of Genesys Industries, Inc., a leading manufacturer and supplier of aerospace, commercial aviation, and specialty industrial products.
Genesys Industries unites three heritage American manufacturing brands under one platform. Avia Marine Company has manufactured aircraft interior hardware, latches, handles, and electromechanical products for the commercial aviation industry since 1960. Latrobe Foundry, founded in 1933 and among the oldest aluminium foundries still operating in the United States, produces cast and machined aluminium fittings and hardware. Sterner Screw Machine, founded in 1986, produces high-volume precision fastener components for the aviation, fluid power, hydraulic, and industrial automation sectors.
The result is a manufacturing powerhouse in the making, producing a host of specialty components from raw aluminium castings to certified flight hardware and proprietary product lines serving aerospace, power generation, data centres, medical, maritime, and next-generation industrial applications. Genesys Industries also holds sole-source positions on many of the parts it makes.
The acquisition comes at a moment of historic demand. Airbus and Boeing together hold roughly twelve years of aircraft orders in backlog, supply chains at every tier face pressure to increase output, and manufacturers across aerospace and defence rank domestic sourcing among their highest priorities. Founder and CEO, Tony Lyons methodically built the platform to meet these needs, and Greybull intends to help continue building it. The firm is actively seeking additional acquisitions of U.S.-based precision manufacturers and suppliers.
"We are excited to partner with Tony in the expansion of Genesys Industries. The company's demonstrated ability to acquire valuable intellectual property, current momentum, and future growth prospects in critical 21st century end markets are incredibly compelling," said Mason Myers, CEO and Founder of Greybull Stewardship. "We look forward to working with Tony and his team to expand into new product verticals and build upon the legacy of high-quality, proprietary product line manufacturing."
"Greybull is an ideal partner to help build a premier manufacturing company. After discussions with several strategic groups in the space, we were truly moved by how genuine Greybull Stewardship's, Mason Myers's, and his entire team's appreciation of our company's value proposition and vision for the future is," stated Mr. Lyons. "For these reasons and shared founder-first business mindset, it was an easy decision to partner with them. Their expertise in scaling middle-market businesses is invaluable, and we're excited to grow with them on the next leg of our journey."
Mr. Lyons will continue to lead Genesys Industries as Chief Executive Officer following the close of the transaction.
Terms of the transaction were not disclosed.
| Contact details from our directory: | |
| Avia Marine Co., Inc. | Latches |
| Airbus Group SE | Laser Radar, Airborne Communication Systems, Satellite Receivers |
| Boeing Company | |
| Related directory sectors: |
| Mechanical Hardware |
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