Industry Updates
Most Read
Most E-mailed
E-mail Article
Print Article
Genesee Group Acquired by Private Equity Firm
DALLAS, Aug. 29, 2007--Genesee Group, a precision metal stamping and fabricating company with operation in Tennessee and Texas, has been acquired by Kachi Partners, a private equity firm in Boulder, Colo.
A leveraged buy-out transaction, the acquisition was financed with debt from Citibank in Dallas, and Adler & Co., a boutique investment banking firm specializing in "lower middle-market" companies, Kachi Partners said.
“This transaction represents an important step in Genesee’s long-term strategy, which will ultimately include expanding our high-quality capabilities to new customers and segments. We look forward to working with Kachi to grow Genesee’s business,” said Dan Fergus, president of Genesee.