Genesee Group Acquired by Kachi Partners
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Dallas, TX, August 23, 2007 -- Kachi Partners, a private equity firm in Boulder,
Colorado announced today that it has acquired Genesee Group, a precision metal
stamping and fabricating company with operations in Tennessee and Texas, in a
leveraged buy-out transaction. The acquisition was financed with debt from Citibank in
Dallas, and Adler & Company, a boutique investment banking firm specializing in "lower
middle-market" companies, advised Kachi Partners.
"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.
"Genesee is an extremely well managed company with a solid management team,
excellent operational processes and long-standing customer relationships" added John
Helson, a managing director at Kachi Partners. "Kachi specializes in helping junior
middle market manufacturing and distribution companies achieve their full potential."
Based in Dallas, Texas and with operations in Nashville, Tennessee, Genesee provides
customers in the new domestic automotive, aerospace, communications and exercise
segments.
About Genesee Group
Based in Dallas, Texas and with operations in Nashville, Tennessee, Genesee specializes
in stamping and fabricating light to medium gauge precision metal components for
customers in the new domestic automotive, aerospace, communications and exercise
segments. Genesee can dependably meet customer requirements for assemblies and
fabricated or stamped metal components in prototypes, fabrications, short run, medium
volume, or mass production quantities, making Genesee an ideal supplier for today's
demanding and quality oriented OEM's. For more information, visit
www.geneseegroup.com.
About Kachi Partners
Kachi Partners is a private equity firm providing equity capital to leading middle market
companies, usually in connection with the acquisition of the company. Kachi invests
West of the Mississippi River, with an emphasis on companies located in the Rocky
Mountain Region. Kachi seeks to invest in profitable well-run companies with superior
management teams. We seek out companies with a leadership position in stable niche
markets or some competitive advantage in growth industries. For more information visit
www.kachipartners.com.
