LAI International Acquires Zak Incorporated
RLJ Equity Partners, LLC and LAI International, Inc., announced the acquisition of Zak Incorporated (Zak), a full service manufacturer and certified turnkey supplier that provides precision machined and custom fabricated components for customers in power generation, specialty metals, and oil and gas.
Founded in 1937 and headquartered in Green Island, New York, Zak is an established brand throughout the power industry and has built and maintained an exceptional reputation for its manufacturing capabilities and range of services that include the gas turbine, steel, and specialty metals industries. Zak has a highly skilled management team and an experienced staff of more than 50 associates. It utilizes its large, state-of-the-art, precision machining and welding capabilities to serve customers in the United States and abroad.
"RLJ Equity Partners is delighted to support LAI's acquisition of Zak Incorporated," said RLJ Equity Partners' T. Otey Smith. "With its strong customer base in key end markets, Zak helps to further expand the LAI brand as well as our service offerings throughout the industry."
"Zak is a trusted brand in our industry," said Patrick "PJ" Gruetzmacher, CEO and President of LAI International. "Their ability to provide economically manufactured parts with superior speed and quality which meet or exceed their Customers' expectations is accomplished by applying the principles of employee development, advanced technology investment, and by using the principles of continuous improvement."
"We are delighted to create this strategic alliance with RLJ and LAI International," said Douglas Zak, Chairman of Zak Incorporated. "Being part of the LAI brand will help Zak continue to provide our core technologies to the growing opportunities in the oil and gas sector as well as the aerospace markets."