Houlihan Lokey Advises Alexander Machine & Tool Company

Houlihan Lokey is pleased to announce that Alexander Machine & Tool Company, Inc. (AM&T) has completed its strategic combination with George Holding, Inc., a portfolio company of Behrman Capital. The transaction closed in December 2022.

Headquartered in Woburn, Massachusetts, AM&T specializes in complex manufacturing solutions for mission-critical defense electronic systems. The company offers a full suite of advanced capabilities, including high-precision machining, vacuum bonding, dip brazing, and mechanical assembly. AM&T serves major defense primes and supports them on new build and modernization efforts across high-priority defense programs.

George Industries is a recognized leader in the design, development, and manufacturing of mission-critical engineered components for the defense, aerospace, transportation, and industrial sectors. George Industries 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, New York.

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 build-ups, and recapitalizations of established growth businesses. The firm’s investments are focused on 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.

Houlihan Lokey served as the exclusive financial advisor to AM&T. The transaction represents Houlihan Lokey’s continued success within the aerospace and defense (A&D) manufacturing and thermal management segments. Houlihan Lokey’s A&D practice within the global Industrials Group is a leading M&A advisor to aerospace and defense companies. Since 2020, the team has closed more than 50 transactions worth over $9 billion in enterprise value. With a staff of approximately 30 investment bankers in Los Angeles, Washington, D.C., and London, Houlihan Lokey’s A&D practice is among the largest dedicated industry banking teams worldwide. In 2021, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv.*

*Excludes brokers.