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Ventus Industrial Partners has established Aeron Defense and completed acquisitions of General Tool Company and Magna Machine Company, partnering with GenNx360 Capital Partners and Admiralty Partners. Magna, situated in Forest Park, Ohio, will serve as GTC's fourth manufacturing site.

The combination will yield 550,000 square feet of facilities within northern Cincinnati. The Kramer family will hold minority shares in Aeron. Aeron's mission includes scaling the defense industrial base and implementing an employee-centric workforce model to enhance operations and support military programs.