- Houlihan Lokey served as George’s financial advisor and Honigman LLP served as its legal advisor
- Orangewood acquired George in 2016
- Orangewood Partners manages approximately $800 million of assets
Orangewood Partners has exited George Industries, a maker of components for the defense, aerospace, and industrial sectors. This exit follows Behrman Capital’s acquisition of George Industries. No financial terms were disclosed.
Orangewood acquired George in 2016 in partnership with the founding family who previously owned and operated George for more than 60 years.
Alan Goldfarb, managing partner of Orangewood, said in a statement, “We are thrilled to have partnered with George to institutionalize the business and position it for future growth while generating a strong outcome for our investors. Under Orangewood’s ownership, George saw meaningful improvement in its performance by executing strategic M&A, recruiting a highly experienced management team to strengthen operations, expanding customer relationships, and enhancing its product offerings.”
Houlihan Lokey served as George’s financial advisor and Honigman LLP served as its legal advisor.
Founded in 2015, Orangewood Partners manages approximately $800 million of assets.