MavenHill Capital is acquiring Gasser & Sons Inc., a Commack, New York-based manufacturer of high-precision metal components used in medical, defense and industrial applications.
“We are excited to include Gasser & Sons in our portfolio of companies as we continue to develop partnerships with businesses that have a demonstrated history of operational success,” MavenHill Managing Partner Rhodes McKee said in a statement. “Gasser & Sons’ leading manufacturing capabilities and commitment to quality have led to enduring relationships with an elite base of blue-chip customers.”
“We value the Gasser family’s commitment to the business for over a century and are grateful for the opportunity to carry on the traditions that have made the company the industry leader that it is today,” MavenHill Managing Partner Jay Studdard said in a statement. Terms of the deal were not disclosed.