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DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Integral Industries, Inc. to Enjet Aero. The acquisition closed on June 8, 2022.
Founded in 1969 and located in Newington, Connecticut, Integral Industries manufactures components and assemblies for commercial and military aircraft engines. The addition of Integral Industries will expand Enjet Aero’s manufacturing footprint to nine locations across North America, adding to their current capacity, and expanding Enjet’s position on premier engine platforms. Acquiring Integral Industries further positions Enjet as the partner of choice for OEM’s within the aeroengine supply chain.
Enjet Aero, headquartered in Overland Park, Kansas, is an engine component manufacturer of complex machined and fabricated parts and assemblies for commercial and military aircraft engine OEM’s. Enjet Aero is comprised of Enjet Aero Advanced Manufacturing, Enjet Aero Bloomfield, Enjet Aero Dayton, Enjet Aero Erie, Enjet Aero Malden, Enjet Aero New Britain, and Enjet Aero Terre Haute. Enjet’s strategy is to be the supplier of choice for aircraft engine OEM’s during this period of recovery and beyond by offering a wide breadth of capabilities, capacity and resources to its customers who come to expect world-class performance in the form of quality and on time delivery.
Enjet Aero, will continue Integral Industries’ legacy of serving aeroengine customers by satisfying near-term recovery constraints in the supply chain and providing OEM’s with a long-term goal of a more consolidated supply base. Sharing a similar manufacturing methodology, Integral Industries’ skilled and talented workforce will integrate well with Enjet’s existing team and high-performance culture. Integral Industries’ owner, Ed Mascolo, will continue to lead as President of the new Enjet Aero Newington operation.
“Over the past few years, it became clear to me that at some point Integral Industries would need to partner with a larger organization. As I evaluated our options for the right partner to continue Integral’s legacy of high performance for our customers and focus on our employees, I decided on Enjet,” said Ed Mascolo, President of Integral Industries.
He added, “We’re thrilled to become a part of the Enjet organization and excited for what this means for our employees and our customers.”
The Integral Industries acquisition will further support Enjet Aero’s ongoing strategy of being a world-class aeroengine component manufacturer for the industry and delivering on its promise of being ready, willing, and able to meet the expanding strategic needs of their customers.
“We’re excited to be making this terrific acquisition and growing our team with the addition of Integral Industries. By expanding our depth of talent and increasing our position on premier engine platforms, Integral Industries will help us achieve greater production capacity to support the needs of Enjet’s customers during the industry recovery,” said Bruce Breckenridge, Chief Executive Officer for Enjet Aero.
Breckenridge added, “I’m excited to welcome our new team members to the Enjet family.”
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 Rick Buchoz established the initial relationship with Integral Industries.
“At Generational Equity we place great value on preserving the legacy of our clients and their accomplishments. It has been my absolute pleasure to work with our client, Ed Mascolo President of Integral Industries,” said Behjati.
He added, “It has also been wonderful to work hand-in-hand with Bruce Breckenridge, Founder, and CEO, and Christopher Ferraro, CFO of Enjet Aero to bring Integral Industries to its new home, a world-class precision aerospace manufacturing company.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
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