Class of 2001 alumnus Bryan Rand's Fenco Solutions, a leading manufacturer of American-made steel furniture and casework, announced the acquisition of The Lyons Companies manufacturing platform, based in Louisville, KY. The transaction was facilitated by Atlanta-based Rand & Co. Holdings, owner of Fenco. This acquisition will result in expanded capabilities for Fenco and will also have a significant impact on the Louisville community, saving over 200 jobs previously at risk.
Fenco purchased Lyons through a 363 bankruptcy sale auction and was the only bidder committed to maintaining the Lyons manufacturing platform, as other bidders intended to shut down the facility and sell its equipment. By maintaining operations, Fenco will ensure job security for more than 200 employees and continue the production of high-quality, U.S.-made painted and stainless-steel products.
"This acquisition elevates our Fenco offerings to provide our clients with even greater levels of service,” said Rand, Chairman and majority owner of Fenco and CEO of Rand & Co Holdings. “Our goal has always been long-term growth, and saving these jobs is a big part of that. We believe in investing in our people and our community, and this deal strengthens our ability to do so."
Key Points of the Deal: Revenue Growth, Strong Financials, Quality Products and Prestigious Clients, Diversity in Manufacturing and Entrepreneurial Ownership.
Rand is a member of the Southern 7 Chapter of the Young Presidents Organization, the Buckhead Coalition and serves on the Investment Committee of the Community Foundation of Atlanta. He received his MBA from Harvard Business School where he was a Credit Suisse Fellow. He also graduated Magna Cum Laude from Morehouse with a B.A. in German Studies and a B.A. in Business Administration with a concentration in Finance.
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Alumni Achievement