Black Positive People : Black Power: 4 Black Men unite to revive American manufacturing

Discussion in 'Black People Doing Positive Things' started by Knowledge Seed, May 26, 2012.

  1. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Where do long-time former General Electric executives go when they leave that industrial behemoth? Three of them, whose combined experience with GE approaches 90 years, are among the founders of GenNx360 Capital Partners, a New York-based private-equity firm that clearly has not given up on U.S. manufacturing as a valuable investment. Indeed, the company in July closed on its latest acquisition, Maine Machine Products Co. The South Paris, Maine-based company specializes in manufacturing precision components for the defense, oil and gas, and semiconductor industries.

    "I've never held onto the belief that manufacturing was totally going to be abandoned in the U.S. That's not what's really happening," says Lloyd Trotter, a founder and managing partner of GenNx360. "Very clearly there's a subset of sophisticated parts that require complicated machinery that's not easily translatable -- and even size factors into it -- into a low-cost region. If you can get the productivity right, the quality right, you can do that manufacturing very effectively in the U.S."

    Trotter is among the former GE executives leading GenNx360 after a nearly 40-year career at General Electric in a variety of roles, including president and CEO of GE Industrial and capped with being named a vice chairman in August 2006. The others include GenNx360 founders James Shepard, whose 27-year career with GE most recently included president and CEO of GE Infrastructure Sensing, and Arthur Harper, whose 21-year GE career included the position of president and CEO of GE Equipment Services. (A fourth founding member, Ronald Blaylock, previously founded investment firm Blaylock & Co.)

    More info here
     
  2. Gorilla

    Gorilla Well-Known Member MEMBER

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    This is pretty cool. GE still makes a lot of things that the nation is still good at making, especially in the energy sector.
     
  3. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    True. And seeing how Super Angel Investors are increasingly pushing VCs out of the high tech, low cost space, I fully expect VCs to start investing in capital-intensive businesses like manufacturing.
     
  4. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,




    ... Good stuff!

    [​IMG]
    Lloyd Trotter: "If you can get the productivity right, the quality right, you can do that manufacturing very effectively in the U.S."



    Peace In,







     
  5. Gorilla

    Gorilla Well-Known Member MEMBER

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    This wouldn't be a bad idea. They could probably sweep in on some low rents in the dying rust belt. Most of that infrastructure is still good enough to haul too and from and they could probably negotiate cheap rates for getting juice flowing back over the grid in places that were shutdown.
     
  6. cherryblossom

    cherryblossom Banned MEMBER

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