Date
Oct 2022
Region
Connecticut
We are pleased to announce the sale of our 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 outsourced 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.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication M&A Deals page.
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