Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Fairchild Auto-Mated Parts, Inc. to Fairchild Industries, Inc. The acquisition closed on October 3, 2022.
Located in Winsted, Connecticut, Fairchild Auto-Mated Parts (Fairchild) is well established as a premier manufacturer of precision-machined parts for use in HVAC, aerospace, testing and measurement, automotive, defense, and medical device applications, among others.
Recognized for its ability to provide turnkey solutions in the design, build, test, and delivery of complete assemblies, the company enjoys strong brand-name and value recognition, an excellent market reputation, and strong customer loyalty with a very diverse customer base.
The company is ISO 9001:2015 certified and provides CNC machining services and out-sourced finishing services for ready-to-assemble parts in all metals and plastics in sizes ranging from 0.0625” to 3.5” in diameter.
“Over the past few years, it became clear to me that at some point, I would need to plan my retirement and find a new owner for Fairchild Auto-Mated Parts. As I evaluated my options for the right person to continue Fairchild’s legacy of high-quality products for our customers and focus on our employees, I decided on bringing in a close family friend of mine, Leland Licciardi, to take over as the new owner,” said Jake Thompson, President of Fairchild Auto-Mated Parts.
“I’m excited to be taking on this incredible opportunity and continuing to build upon this company’s great history for many more years to come,” said Licciardi, the new owner of Fairchild Auto-Mated Parts.
Licciardi added, “My primary focus will be on expanding our depth of talent and increasing our position as a premier precision machining company by investing in our facilities and machining capabilities. This will enable the company to achieve greater production capacity to support the needs of our growing customer base and offer more space to accommodate newer machining technology.”
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Managing Director, M&A, Ahmad Behjati, with the support of Senior Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Director, Brian Hendershot established the initial relationship with Fairchild.
“It was clear from the beginning that Mr. Thompson’s ties to his community were profound and we made every possible effort to keep the business operating from its current location. At Generational Equity, we strive to preserve our clients' legacy so it may continue serving the community that made their success possible,” said Behjati.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
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Contacts
Carl Doerksen
972-342-0968
cdoerksen@generational.com
