MavenHill Capital has acquired Commack, New York-based Gasser & Sons Inc, a maker of metal components used in mission critical medical, defense and industrial applications. No financial terms were disclosed.
(Chagrin Falls, Ohio) – MavenHill Capital (“MavenHill”) has led the acquisition of Gasser & Sons, Inc. (“Gasser & Sons”), a leading manufacturer of high precision metal components used in mission critical medical, defense and industrial applications.
Gasser & Sons, located in Commack, NY and operated by the Gasser family since 1916, specializes in the manufacturing of advanced housings and components for the medical, dental, security, NDT, industrial and analytical industries, as well as component housings for communications, nuclear and other highly technical industries. Additionally, the company produces high precision assemblies and components used in electro-optical, guidance, detector, navigational, targeting, night vision, missile, and fuse assemblies for various defense platforms. Combined with a full suite of metal forming and complex assembly capabilities, Gasser & Sons provides the highest level of quality for complex components used in demanding applications.
“We are excited to include Gasser & Sons in our portfolio of companies as we continue to develop partnerships with businesses that have a demonstrated history of operational success. Gasser & Sons’ leading manufacturing capabilities and commitment to quality have led to enduring relationships with an elite base of blue-chip customers.” said MavenHill Managing Partner Rhodes McKee.
“We value the Gasser family’s commitment to the business for over a century and are grateful for the opportunity to carry on the traditions that have made the company the industry leader that it is today.” said MavenHill Managing Partner Jay Studdard. “The company’s dedication to providing high precision products in demanding applications is a testament to the strong foundation across the organization, and we are excited to partner with the Gasser & Sons team.” added MavenHill Principal Nate Schuster.
ABOUT MAVENHILL CAPITAL
Located in the Cleveland suburb of Chagrin Falls, MavenHill Capital is a lower middle market private equity firm that makes investments in Industrial, Consumer and Business Services companies. MavenHill provides equity capital to lead leveraged buyouts, recapitalizations and divestitures of entrepreneur and family-owned businesses.
The MavenHill team has completed more than 30 transactions representing over $1 billion of enterprise value and is committed to a partnership approach with owners and management to accelerate growth and build long-term shareholder value. MavenHill invests in companies with EBITDA between $1-$6 million. For more information, please visit MavenHillCapital.com.
ABOUT GASSER & SONS
Gasser & Sons, Inc., founded in 1916, is an industry leader in the production and assembly of x-ray tube housings and components. Additionally, the company manufacturers high precision components and assemblies for the defense and other highly technical industries. The company specializes in value-added components that are custom-designed for critical applications within the medical, industrial, and defense markets. Gasser & Sons, Inc. is located in Commack, NY. For more information, please visit Gasser.com.