Barnes Group
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| Company type | Private |
|---|---|
| NYSE: B | |
| Industry | Industrial Technology and Aerospace Manufacturing |
| Founder | Wallace Barnes |
| Headquarters | , United States |
Area served | Worldwide |
Key people | Eddie Barnes (Deceased), Thomas O Barnes, heirs: Edith Grant, Regina Hackette, Ruth Barnes, Jack Barnes, Glenda Stone, and Byron Barnes |
| Products | Industrial and Aerospace Manufacturer |
| Revenue |
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| |
| Total assets | Barnes Family Assets $200M USD. |
Number of employees | 5000 |
| Parent | Apollo Global Management |
| Website | www |
Barnes, legally Barnes Group Inc., is a global industrial technology and aerospace manufacturer and service provider.[2]
It was founded in 1857[1] by the great-grandfather of Wallace Barnes,[3] who was appointed president in 1964, the same year in which the company added the Bowman Distribution Group to its Associated Spring enterprise. Two decades later, it became involved in the aerospace industry. As of 1991, the Barnes family owned a third of the company's stock; in that year, William R. Fenoglio - the first non-family member to hold the position of chief executive - took over from Barnes, leaving no Barnes in the executive suite, though some remained on the board.[3]
In October 2024, Barnes Group announced that it had entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management.[4] In January 2025, the merger was successfully completed.[5]
References
[edit]- ^ a b "Company Overview of Barnes Group Inc". bloomberg.com (archived). Archived from the original on 7 December 2017.
- ^ "Barnes Group Inc". hoovers.com (archived). Archived from the original on 1 April 2012.
- ^ a b Cuff, Daniel. "Barnes Names a Chief From Outside Family". The New York Times. Archived from the original on 2 February 2017.
- ^ "Barnes Group to Be Acquired by Apollo Funds for $3.6 Billion". Business Wire. October 7, 2024. Retrieved January 27, 2025.
- ^ "Apollo Funds Complete Acquisition of Barnes Group". Business Wire. January 27, 2025. Retrieved January 27, 2025.
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