General Electric Company

General Electric Company

General Electric Company

Overview
Date Founded

1892

Headquarters

485 Lake Mirror Rd # 700, Atlanta, GA, 30349, US

Type of Company

Public

Employees (Worldwide)

174K

Industries

Power & Utilities
Shipping & Delivery
Other Manufacturing
Wholesale: Medical Supplies & Pharmaceuticals
Retail & Commercial Banking
Medical Products & Equipment
Aerospace & Defense
Industrial Machinery & Manufacturing
Electrical Products

Company Description

General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware and software, offshore wind turbines, solutions, products and services to hydropower industry, blades for onshore and offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases and finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

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Executives & Employees

Chairman of the Board & Chief Executive Officer

President & Chief Executive Officer-GE Energy Management

Chief Financial Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Senior Vice President & Chief Technology Officer

President & Chief Executive Officer, GE Saudi Arabia & Bahrain

Chief Risk Officer & Vice President, Strategy

Chief Diversity Officer

Board of Directors

Chairman of the Board & Chief Executive Officer at General Electric Company

President & Chief Executive Officer at Loews Corp.

Founding Partner at Trian Fund Management LP

Chief Financial Officer at Enterprise Services LLC

Chairman, IT & Electronics Governors Community at The World Economic Forum

Penn Integrates Knowledge Professor of Population Health & Health Equity at University of Pennsylvania - School of Nursing

Partner at Global Infrastructure Management LLP

Founder at Pace Univeristy - Center for Excellence in Financial Reporting at the Lubin School of Business

Chief Executive Officer at Prefer West LLC

Co-Director at Harvard University - Belfer Center for Science and International Affairs at the John F. Kennedy School of Government

Distinguished Alumni
Ari A. Chaney is now Director of Practice Technologies at Worchester Polytechnic Institute
Marcos Rodriquez is now Former Partner at Joseph , Littlejohn & Levy
Leigh E. Michl is now Chairman & Chief Executive Officer at Ultimus, Inc.
Paths to General Electric Company
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Owners & Shareholders
Details Hidden

Price Associates uses a complex and multifaceted approach to investment analysis and asset management decisions. They integrate ESG factors into their investment research process. The firm focuses on the ESG factors they consider most likely to have a material impact on the performance of securities in client accounts. Price Associates also focuses on their analytical process on three areas of research: the industry, the contracts issued, and the creditworthiness of each individual issuer.

Details Hidden

FMR uses a variety of methods of security analysis in managing client assets to select investments including fundamental analysis, quantitative analysis and cyclical analysis. The firm also uses general macro-economic analysis as a component of its security analysis methods. When it comes to the management of the client assets according to the investment objectives, they utilize a variety of investment strategies including, but not limited to, investing in stocks and other public and private equity securities, bonds and other debt securities of all types and repurchase agreements for those securities, real estate related investments of all types, derivatives, currency spot and forward trading, other investment funds, including exchange traded funds and FMR’s or its affiliates’ central funds. The firm also engages in securities lending to parties such as broker-dealers or other institutions.

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CWGI is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach; (2) long-established, global research; (3) a multiple portfolio counselor system that combines teamwork with individual accountability; (4) experienced, long-tenured investment professionals; and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System wherein the assets of each fund are divided into smaller, more manageable portions. Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results and portfolio counselors are free to make their own decisions. Investment decisions are based on internal research.

Recent Transactions
Details Hidden

General Electric Company, GE Healthcare, Inc. purchase Zionexa SAS from IXO Private Equity SAS, Sofimac Régions SAS

Details Hidden

Andritz AG, Andritz AB purchase GE Power Sweden AB /Air Quality Control System Bus from General Electric Company

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AerCap Holdings NV purchases GE Capital Aviation Services Ltd. from General Electric Company

Transaction Clients

Advised on Baker Hughes Co. issued USD Common Stock

Advised on Westinghouse Air Brake Technologies Corp. issued USD Common Stock

Investment Advisor

Advised on A & A Manufacturing Co., Inc. /Private Group purchases Dynatect Manufacturing, Inc. from Audax Private Equity

Transaction Advisors
Auditor

Advised onGeneral Electric Company issued USD Common Stock

Legal Advisor

Advised onComcast Corporation purchases NBCUniversal Media LLC from General Electric Company

Accountant

Advised onGeneral Electric Company, Leconport Estates, BT Group Plc purchase MEPC (1946) Ltd.

Legal Advisor

Advised onComcast Corporation purchases NBCUniversal Media LLC from General Electric Company

Legal Advisor

Advised onGeneral Electric Company purchases Baker Hughes Holdings LLC resulting in a new company Baker Hughes Co.

Legal Advisor

Advised onGeneral Electric Company purchases NBCUniversal Media LLC from Vivendi SE

Advisors & Consultants
Advisor

Magellan International, L.P. is the adviser of choice among top professional services firms seeking guidance and counsel on talent acquisition. For over fifteen years, we have helped leading advisory services, management consulting, IT Services firms and Fortune 500 companies navigate the professional services talent pool. By acting as a trusted adviser to both clients and candidates, we leverage our deep experience to build long-standing relationships and facilitate executive level hires that are persistent.

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Clients

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

Key Stats and Financials As of 2020
Market Capitalization
$114B
Total Enterprise Value
$131B
Earnings Per Share
$0.58
Revenue
$79.9B
Total Equity
$37.6B
Total Debt
$78.4B
Net Profit
$5.57B
EBITDAMargin
11.36%
EBITDA
$9.08B
Enterprise Value / Sales
1.64x
Enterprise Value EBITDAOperating
14.07x
TEVNet Income
23.53x
Debt TEV
0.6x
Three Year Compounded Annual Growth Rate Of Revenue
-12.79%
Non-Profit Donations & Grants
$100 - $499
2019
$100K +
2019
$1,000 - $4,999
2019
Non-Profit Donations & Grants Received
Political Donations
$2,000
2014
$1,000
2014
$1,000
2014
Investments
Details Hidden

Attivio, Inc. operates a software company, which specializes in enterprise search solutions and unified information access. Its products include data source discovery, search based applications, content analytics, data discovery for sportfire and data discovery for tableau. Attivio was founded by Ali I. Riaz, Sid Probstein, Rik Tamm-Daniels, Martin Serrano, William K. Johnson III and Andrew McKay in 2007 and is headquartered in Newton, MA.

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Genpact Global provides business services and technology solutions. The company services are divided into functional practices and industrial practices. Its industrial practices include banking, finance, insurance, manufacturing, transportation and automotive areas. The company functional practices include sales and marketing analytics, supply chain and aftermarket services, finance and accounting, information technology services, enterprise application services and program management. Genpact has offices in China, Mexico, Hungary, Romania and the United States. The company was founded by Pramod Bhasin in 1997 and is headquartered in Gurgaon, India.

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Mubadala Infrastructure Partners provides infrastructure investment and development services. It invests in greenfield and operating assets and projects in the power, water, utilities, social infrastructure, transportation, water, energy, and telecommunications infrastructure fields. The company was founded by Philip K. Haddad in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.

Investors
Details Hidden

Managing Partner at Alchemist Accelerator LLC

Details Hidden

Executive Chairman at Volex Plc

Suppliers
AAR Corp. Industrial Machinery & Manufacturing | Wood Dale, IL

AAR is an independent provider of aviation services to commercial and government customers worldwide. Our aftermarket expertise and award-winning solutions help customers increase efficiency and reduce costs while maintaining high levels of quality, service and safety.

CECO Environmental Corp. Power & Utilities | Cincinnati, Ohio

CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions and Fluid Handling Solutions. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries. The Industrial Solutions segment serves the industrial pollution control market. The Fluid Handling Solutions segment provides pump and filtration solutions that maintain safe and clean operations in some of the most harsh and toxic environments. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Dallas, TX.

Esterline Technologies Corp. Electrical Products | Bellevue, WA

Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. Its brands include Armtec, Auxitrol, CMC, Darchem, Jsanco, Leach and LRE. The company was founded on December 14, 1987 and is headquartered in Bellevue, WA.

Competitors
Raytheon Technologies Corp. Aerospace & Defense - Waltham, MA

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. The Collins Aerospace Systems segment specializes in the aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence and Space segment involves in the development of sensors, training, and cyber and software solutions. The Raytheon Missiles and Defense segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 2020 and is headquartered in Waltham, MA.

Honeywell International, Inc. Aerospace & Defense - Charlotte, NC

Honeywell is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Their technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make the world smarter, safer, and more sustainable.

Rolls-Royce Holdings Plc Aerospace & Defense - London, Gbr

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and ITP Aero. The Civil Aerospace segment offers commercial aero engines and aftermarket services. The Power Systems segment includes engines, power systems and nuclear systems for civil power generation. The Defense segment consists of military aero engines, naval engines, submarines and aftermarket services. The ITP Aero segment provides aeronautical engines and gas turbines. The company was founded in March 1906 and is headquartered in London, the United Kingdom.

Awards & Honors
Rank #11
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #11
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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