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Orangewood Partners acquires majority stake in George Industries
- October 18, 2016
- News Release
- Shop Management
Orangewood Partners, a New York-based private investment firm, has acquired a majority interest in George Industries LLC, a designer and manufacturer of mission-critical engineered components in Endicott, N.Y.
George Industries’ founding family, led by Mark and Dan Ciaravino, retains a significant ownership stake. Shankar Kiru has been named CEO, succeeding Mark Ciaravino, who becomes a special adviser. Other members of the senior management team remain with the company.
George Industries started as a machine and sheet metal fabrication shop, expanding to include vacuum and aluminum brazing. Other core manufacturing capabilities are dip brazing, welding, painting, laser cutting, and mechanical assembly.
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