ERA Industries Acquired by L Squared Capital Partners
June 16, 2023
I3D Joins ERA Industries and Gen El Mec Associates in L Squared’s Precision Manufacturing Platform
October 9, 2023FOR IMMEDIATE RELEASE
L Squared Capital Partners and ERA Industries Add Gen El Mec Associates | August 2023
Newport Beach, CA based L Squared Capital Partners in partnership with its newly added portfolio company, Chicago-based ERA Industries (“ERA) completed the acquisition of Gen El Mec Associates Inc of Oxford, CT (“GEM”). This acquisition shortly follows the acquisition of ERA in June by L Squared.
GEM is a 63-year-old, second generation precision machining company located in the heart of New England.
GEM got its start like most manufacturing companies do, with a few key relationships in industry and opportunities to create value within obscure pockets of the supply chain. Today, GEM is an essential machined components supplier to dozens of critical technologies within the Aerospace and Semiconductor markets. In its 30,000 sf facility in Oxford, GEM employs nearly 50 people and boasts state of the art machinery and equipment, creating the opportunity for GEM to deliver a quality signature that has been embraced and highly valued by some of the largest and most sophisticated companies in the world.
Hubert Bieniewski, President of ERA remarked, “GEM is a perfect compliment to what we do at ERA”. He further noted that, “GEM’s quality is remarkable and their ability to partner with their customers on the design for manufacturing and development process is unusually strong”.
For more information on GEM, visit www.gen-el-mec.com. For more information on ERA visit www.eraind.com. For more information on L Squared Capital Partners visit www.lsquaredcap.com.
