Tinicum acquires controlling interest in MIM producer Greene Group Industries
Tinicum LP, based in New York, USA, along with affiliated funds managed by Tinicum Incorporated, have announced the acquisition of a controlling interest in Greene Group Industries. Headquartered in Oceanside, California, USA, Greene Group Industries provides metal parts with CNC machining, wire EDM, and Metal Injection Moulding capabilities. The financial terms of the transaction have not been disclosed, although the selling shareholders and management have reportedly retained an ongoing minority interest in the company.
Greene Group Industries manufactures components primarily used in minimally invasive and robotic-assisted surgeries, as well as other medical and commercial applications. The transaction with Tinicum aims to accelerate Greene’s investments in technology, add capabilities, and increase capacity to support growth with the company’s global customers.
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“We believe a partnership with Tinicum is the best path to achieving our growth objectives. Tinicum’s long-term approach, global expertise in building businesses focused on industrial technologies and engineered products, and alignment with our strategy will enable us to serve the growing demands of our customers,” said Alexis Willingham, the co-founder and CEO of Greene Group Industries, who will continue to lead the business.
Tinicum partner, Trip Zedlitz, added, “We greatly admire the business that Alexis and management have built and are honoured to partner with them and over 200 talented team members. We are eager to help Greene build on its many strengths and continue its impressive growth through investments in capacity, engineering resources, new capabilities, and unmatched customer focus.”
