Gen Cap America has partnered with management to acquire Griffin Gear (Griffin), a South Carolina-based manufacturer of replacement gearing and gearbox rebuilds for a wide variety of industrial applications. Terms of the transaction have not been disclosed.
“We are excited to have the opportunity to invest with Griffin’s outstanding management team, led by CEO Randy Stewart,” says Gen Cap America Managing Director Chris Godwin. “Their culture and expertise have allowed them to be a market leader for decades, and we believe it’s these qualities that will allow them to continue to build on their track record of success.”
Founded in 1967, Griffin specialises in the manufacture of quality replacement gearing and provides gearbox rebuilds for any conceivable industrial application. With the capability to machine and cut gears ranging in size from ½ inch to 20 feet in diameter, Griffin has the largest selection of equipment tooling (including metric) and experience required for highly customised gearing jobs. Additionally, Griffin provides field services including gearbox inspections, routine maintenance, and on-site repair.
“Since Joe Griffin started the business back in 1967, Griffin has been committed to maintaining our reputation for providing the best service and quality to our customers thanks to our experienced and motivated staff. Nothing about that model will change going forward,” says Randy Stewart, CEO of Griffin. “We selected Gen Cap based on their commitment to maintaining the culture here at Griffin and due to their long-standing track record of partnering with established management teams to drive continued success.”
Barney Byrd, President of Gen Cap, says: “Griffin is an excellent fit with our firm’s long history of partnering with strong management teams.”
