George Koch Sons LLC Acquires Jessup Engineering Inc
Thursday, October 5, 2017
George Koch Sons, LLC Acquires Jessup Engineering, Inc.
EVANSVILLE, IN – George Koch Sons, LLC a subsidiary of Koch Enterprises, Inc. today announced it has acquired Jessup Engineering, a Rochester Hills, Michigan-based company with more than 45 years of experience providing automated finishing systems to the aerospace, automotive, industrial and agriculture industries. The systems are used to automate material flow during surface treatments such as plating, cleaning or chemical processing of manufactured parts. Jessup Engineering will become part of George Koch Sons and will continue to serve its growing customer base from its existing Rochester Hills, MI facilities.
“We look forward to leveraging our combined years of experience in automated finishing systems to provide our customers with the best integrated solutions. Our combined systems play a critical role in providing industry leading manufacturers the solutions necessary to remain competitive by reducing costs through automation and material optimization,” said Chris Brack, George Koch Sons’ President. “The combination was a natural fit and complements our plating and anodizing capabilities, especially for barrel coating applications. Jessup Engineering’s capabilities will augment our core offering and ultimately provide our combined customers access to the market’s broadest suite of solutions.”
“We share a customer-first philosophy with George Koch Sons and are pleased to become a part of the company to best serve our customers,” said Ran Jessup, Jessup Engineering President. “We are confident that together, we can deliver the industry’s best solutions to assist manufacturers in managing their complex production programs.”
Financial terms of the transaction were not disclosed. John Hennessey of NextGen Capital Markets acted as financial advisor for Koch. For any questions, please contact David Carl of George Koch Sons. Learn more about Jessup and George Koch Sons at www.jessupengineering.com and www.kochllc.com.
Jacki Spainhour I Marketing Coordinator
George Koch Sons, LLC I 10 S. Eleventh Ave. I Evansville, IN 47712