Ventus Industrial Partners has announced the formation of Aeron Defense, a new entity that will focus on building a group of leading manufacturing partners to the US defense industry. As part of this effort, the company has acquired General Tool Company (GTC) and Magna Machine Company. GTC was founded by the Kramer family in 1947 and is known for its mission-critical defense components.
The combined business will have 550,000 square feet of manufacturing facilities within a 10-mile radius in northern Cincinnati. Aeron Defense aims to drive growth organically and through acquisitions, leveraging industry-leading operating and advisory teams, ownership incentives for employees, and investments in people, facilities, and equipment. This strategic move is expected to strengthen the US defense industry by creating a network of trusted manufacturing partners.
The acquisition of GTC and Magna Machine Company marks an important milestone in Aeron Defense's mission to support national security. With its expertise in large-part machining and turnkey large functional assemblies, Magna will become GTC's fourth manufacturing site. The combined business will benefit from the Kramer family's leadership and their re-entry into the industry under the GTC name.
As a US-based private equity firm specializing in sectors critical to national security, Ventus Industrial Partners is well-positioned to support Aeron Defense's growth strategy. By investing in people, facilities, and equipment, Aeron Defense aims to build a group of leading manufacturing partners that will drive innovation and growth in the US defense industry. The company's focus on ownership incentives for employees and access to industry-leading operating and advisory teams is expected to enhance employee engagement and overall performance.
With its strong track record and experienced leadership team, Ventus Industrial Partners is confident in Aeron Defense's ability to achieve its goals and make a positive impact on the US defense industry. The acquisition of GTC and Magna Machine Company represents a significant investment in the US defense sector and demonstrates Ventus Industrial Partners' commitment to supporting national security. By creating a network of trusted manufacturing partners, Aeron Defense aims to strengthen the US defense industry and drive growth through innovation and strategic partnerships.
This acquisition is a significant move by Ventus Industrial Partners to support the US defense industry. With its focus on building a group of leading manufacturing partners, Aeron Defense has the potential to drive innovation and growth in the sector.
