Houlihan Lokey Advises George Holding, Inc.
Houlihan Lokey is pleased to announce that George Holding, Inc. (George Industries), a portfolio company of Orangewood Partners (Orangewood), has been acquired by Behrman Capital. The transaction closed in August 2022.
Founded in 1954, George Industries is a leading provider of mission-critical engineered components for the aerospace, defense, and space sectors. George Industries offers a complete set of advanced manufacturing and program support capabilities, including dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, artwork, photography, silk screening, laser cutting, and mechanical assembly. The company’s aluminum brazing capabilities are uniquely suited for complex parts with stringent conductivity and environmental requirements used for thermal management of electronic systems. George Industries serves most major defense primes and supports them on high-priority programs, including electronic warfare, avionics, missile and missile defense, and radar systems.
Founded in 2015, Orangewood is a New York-based private investment firm with a long-term approach. Orangewood focuses on growth-oriented private transactions in partnership with founder-led businesses, management teams, and entrepreneurs. The firm’s senior investment team and deep bench of active operating advisors have decades of experience across a wide range of sectors, including healthcare, consumer, multi-unit, and related industries. Orangewood manages approximately $800 million of assets and works to build companies into strategic assets in their industries to create long-term value for investors, companies, and communities.
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 company’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 George Industries and assisted in structuring and negotiating the transaction on behalf of the company. This deal exemplifies the firm’s continued success within the thermal management and manufacturing sectors. Houlihan Lokey has a team of more than 100 dedicated professionals covering the industrials market via 14 subvertical specialty teams throughout the United States and internationally to match the global needs of its clients. Since 2021, the Industrials Group has closed more than 140 M&A transactions worth ~$40 billion in enterprise value and was ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv*.
*Excludes brokers.
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