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Lynch Industries Inc company history timeline

1862

Ida Wells was a activist, a woman who was born in Holly Springs, Mississippi in 1862.

1892

And the reason that is given for this rise in lynchings, which reaches a peak in 1892, is the accusation that black men are raping white women.

1917

In 1917, Lynch Glass Machinery Company, the predecessor of LGL, was formed, and emerged in the late twenties as a successful manufacturer of glass-forming machinery.

1927

Through 1927 White would investigate 41 lynchings.)

1928

The company was then renamed Lynch Corporation, and was incorporated in 1928, under the laws of the State of Indiana.

1944

Add to WatchlistThe Rape of Recy TaylorRecy Taylor, a black woman, bravely identified her white rapists in 1944 – a rarity in the Jim Crow South.

1946

In 1946 The Lynch Company Inc. began manufacturing oil and gas furnaces, as well as fabricating and installing duct work for heating, air conditioning and ventilation systems in large institutional, commercial and industrial buildings.

Lynch had originally been listed in 1946 on the New York Curb Exchange, forerunner of the American Stock Exchange (AMEX). Gabelli recognized that Lynch carried potential with little risk and soon bought more than 20 percent of the company for the portfolios he managed.

1960

Since 1960, The Lynch Company Inc. has developed into a formidable Steel Fabrication Contractor with a large capacity shop and state of the art equipment, to serve both light and heavy fabrication needs.

In 1960, Lynch became involved in producing phonographs when it acquired the Symphonic Electronic Corporation.

1963

The company added another division when it acquired Cox Instrument Corporation in 1963.

1965

M-tron Industries, Inc. (“Mtron”) was originally founded in 1965 as Mechtronics, Industries, Inc.

While maintaining high grades, which would lead to Gabelli graduating summa cum laude in 1965, he also held several school offices and dabbled in business to earn spending money.

1975

When he went to work for William D. Witter Inc. in 1975, Gabelli already enjoyed a reputation as a hard worker and a developing mystique for picking undervalued stocks.

1976

In 1976, M-tron Industries, Inc. was acquired.

1981

By 1981 he was managing $31 million for 81 accounts.

1982

In 1982 he joined the Navy where he was a boiler technician operating and maintaining boilers and spent 4 years living in the far east.

1985

Worked in the Hazardous Materials Industry until 1985 as Project Manager and Estimator.

Since Gabelli gained control of the company in 1985, Lynch has expanded beyond the manufacture of glass-forming machinery and quartz crystals to become a diversified holding company with three main subsidiaries.

1986

In 1986 he then established Lynch Capital Corporation, a securities brokerage, followed by Lynch Asset Management Company, to which he added the acquisition of Tremont Partners, a Connecticut-based investment management consulting firm.

Despite being stretched thin by his many commitments, Gabelli became the chairman and chief executive officer of Lynch in 1986, although he tried to delegate most of the day-to-day responsibilities.

1987

Furthermore in 1987, he bolstered Lynch's manufacturing segment by acquiring an 83 percent interest in Safety Railway Service corporation, makers of milling machines, heating equipment, and air pollution control equipment.

1988

Discharged from the service in early 1988, Jon went to work for a small family run steel fab shop for a few months and later went to work for Canron Western, a Portland based Steel Fabrication facility.

Houston was born and raised in Clarkston, Washington and moved to the Portland area in 1988.

Lynch would expand into the service sector in 1988 by acquiring Morgan Drive Away, a transporter of mobile homes and recreational vehicles that would form the basis for The Morgan Group.

1989

In 1989 Gabelli and Lynch moved into the telecommunications sector, establishing Lynch Telephone and buying Western New Mexico Telephone Company.

1990

After graduating from Oregon Institute of Technology in 1990 with a BS in Mechanical Engineering, Chris started his career at Industrial Alloy Fabricators, where he had worked his way through college as a machinist.

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In 1990 Gabelli's reputation began to lose some of its luster.

1992

Although the SEC did not charge Gabelli or his funds with insider trading, it questioned a 1992 situation in which Lynch securities were traded shortly before financial results were released and Lynch's stock jumped 28 percent in five days.

1993

The Morgan Group added to its Morgan Drive Away business by acquiring the assets of Transamerican Carriers in 1993, followed by Low Transportation, Inc.

1994

In 1994 Pat made a career change accepting a position with Oregon Steel Mills in purchasing, managing a number of budgets and capital projects.

1994: Spinnaker Industries, a manufacturer of adhesive-backed materials, is formed as a subsidiary.

1995

By 1995 Morgan companies had created a network of 1,800 independent owner-operators with 1,000 part-time drive-away employees.

In 1995 Morgan acquired the assets of Transfer Drivers, Inc., which relocated rental vehicles for customers that included Ryder Systems, Budget Rentals, and Penske Truck Leasing.

1996

Robert made a career change into the steel industry in 1996 as Project Manager.

In 1996 Lynch purchased some 1,400 lines from United States West.

1997

A 1997 Wall Street Journal article noted that Gabelli's self-promotion no longer brought in the same number of clients, his funds were no longer producing stellar results, and his method of value investing had simply gone out of style.

1998

He left Canron in 1998 for a position at Fisher Fab in Estacada as the shop foreman.

In 1998 Gabelli moved his operations to Rye, New York.

1999

Started with the Lynch Company in 1999 as project manager.

In 1999 Fisher Fab was purchased by Oregon Iron Works (now Vigor). Jon was transferred to OIW where he was a journey man iron worker.

In 1999 Lynch also acquired Iowa's Central Scott Telephone Company.

In 1999 Lynch would opt to focus its attention on the adhesive-backed paper industry, and sold off the industrial tape operations of Spinnaker Industries.

2000

Troubles with Spinnaker prevented the spinoff from occurring during 2000 and resulted in a restructuring of the business and a cost reduction program.

2002

Joining The Lynch Company in 2002, Houston has held progressively more responsible positions and is highly respected by shop, management and office personnel.

In 2002, Mtron acquired the assets of Champion Technologies, Inc. of Franklin Park, Illinois.

2003

In 2003 Pat worked for Ecklund Industries as a Project Manager, Sales and Estimating.

2004

By the end of 2004 OSM lured him back to manage purchasing and assist in the project management of their new large diameter pipe mill.

2007

In 2007 he returned to the steel industry to work for the Lynch company as a Project Manager.

The LGL Group, Inc. (the “Company”) was reincorporated under the laws of the State of Delaware in 2007, and serves as a holding company with subsidiaries engaged in manufacturing custom-designed, highly-engineered electronic components.

2009

In 2009, Nicole established her own small, full cycle bookkeeping business called GoBooks LLC. while also moving into work with the Internal Revenue Service.

2012

2012 finds Pat back in Portland, joining the Lynch Team as its newest Project Manager.

Houston worked his way up to Lead Foreman after showing his tenacity, leadership skills and the ability to "get the job done" correctly, on time and within budget! He was offered, and accepted the position of General Foreman in mid-2012.

2015

In May 2015, 19-year-old Tavin Price was murdered for wearing the wrong color shoes.

2016

In 2016 Chris Haney, who had been a long time employee and The Lynch Company General Manager for years, purchased the company in a seamless transition that guaranteed the consistent continuation of the successful service and outstanding reputation that the company had built over its first 97 years.

2018

JR married Cheryl, his fiance of 15 years, in 2018, has an adult daughter he raised as a single parent, and a stepson who he is raising as his own.

2019

Steve joined The Lynch Company in September 2019.

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