The LGL Group, Inc.’s (“LGL,” “LGL Group,” or the “Company”) business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. LGL Group's engineering and design origins date back to the early part of the 20th century. In 1917, Lynch Glass Machinery Company, the predecessor of LGL Group, was formed, and emerged in the late twenties as a successful manufacturer of glass-forming machinery. The Company was then renamed Lynch Corporation and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the “New York Curb Exchange,” the predecessor to the NYSE American. In 2007, LGL Group was reincorporated under the laws of the State of Delaware. The Company has had a long history of owning and operating various businesses in the precision engineering, manufacturing and services sectors.
In October 2022, LGL Group spun-off M-tron Industries, Inc. (“MtronPTI”), a designer and manufacturer of highly-engineered electronic components and solutions used to control the frequency or timing of signals in electronic circuits, and MtronPTI became and independent, publicly traded company trading on the NYSE American under the stock symbol “MPTI.”
The timeline below highlights LGL Group’s history of creating value for its shareholders:
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| 1917 | Lynch Glass Machinery Company is founded. | |
| 1928 | Lynch Corporation is incorporated in Indiana. | |
| 1946 | Lynch is listed on the “New York Curb Exchange,” the predecessor to the American Stock Exchange. | |
| 1965 | M-tron Industries, Inc. (originally known as Mechtronics Industries, Inc.) and Piezo Technology, Inc. ("PTI") were organized independently. | |
| 1966 | PTI is the first U.S. manufacturer to begin development and production of monolithic crystal filters. | |
| 1967 | M-tron Industries, Inc. becomes a QPL Crystal supplier. | |
| 1969 | PTI is first manufacturer to offer 4-pole, single-wafer VHF monolithic filters. | |
| 1973 | PTI supplies the first monolithic filters used in space. | |
| 1976 | Lynch Corporation acquires M-tron Industries, Inc. | |
| 1981 | M-tron Industries, Inc. expands product line to include clock oscillators. | |
| 1982 | PTI expands product line to include SC and AT-cut precision resonators, crystal oscillators, VCXO, TCXO, OCXO and LC filter products. | |
| PTI is the first organization to introduce two- and four-pole 45 MHz monolithic crystal filters for the 800-900 MHz mobile radio market, and is the first to introduce low impedance, fundamental mode 45 MHz monnolithic crystal filters for cellular mobile telephones. | ||
| 1983 | Company establishes a strategic Asian manufacturing partner. | |
| 1985 | PTI is the first organization to report success in chemical milling of crystal resonators over 1 GHz. | |
| 1986 | Lynch Capital Corporation, a securities brokerage, is founded. | |
| Lynch Asset Management Company is founded. | ||
| Company acquires Tremont Partners, an investment management consulting firm. | ||
| Company purchases 20% stake in a television station and forms Lynch Entertainment. | ||
| 1987 | Company acquires ownership interest in Safety Railway Service corporation, makers of milling machines, heating equipment and air pollution control equipment. | |
| 1988 | Company acquires Morgan Drive Away, a transporter of mobile homes and recreational vehicles that would form the basis for The Morgan Group. | |
| 1989 | Company establishes Lynch Telephone and acquires Western New Mexico Telephone Company. | |
| 1991 | Lynch Telephone acquires Inter-Community Telephone, Cuba City Telephone Exchange Company and Belmont Telephone Company. | |
| 1992 | M-tron Industries, Inc. develops and inverted mesa process for high frequency fundamental crystals. | |
| 1993 | Company’s The Morgan Group adds to its Morgan Drive Away business by acquiring the assets of Transamerican Carriers. | |
| Company spins off launching of The Morgan Group, Inc., as a public company with an initial public offering of 1.1 million Class A Common Shares. | ||
| Lynch Telephone acquires Bretton Woods Telephone Company and J.B.N. Telephone Company. | ||
| M-tron Industries opens sales and distribution office in Hong Kong. | ||
| M-tron Industries becomes the first crystal and oscillator supplier in North America to be ISO-9001 certified. | ||
| 1994 | Lynch Telephone acquires Haviland Telephone Company | |
| Safety Railway Service Corporation merged into Spinnaker Industries, Inc. under the stewardship of Boyle, Fleming & Company, Inc., with the acquisition of Brown-Bridge Industries, a manufacturer of adhesive coated stocks from Kimberly-Clark. | ||
| 1995 | Morgan Group acquires the assets of Transfer Drivers, Inc. | |
| PTI establishes a manufacturing location in India. | ||
| 1996 | Lynch Telephone purchases 1,400 phone lines from U.S. West; acquires Dunkirk & Fredonia Telephone Company and Cassadaga Telephone. | |
| 1997 | Lynch acquires Upper Peninsula Telephone Company | |
| 1999 | Lynch Telephone acquires Central Scott Telephone Company. | |
| Lynch Interactive spun off as separate company. | ||
| Lynch sells the industrial tape operations of Spinnaker Industries. | ||
| 2000 | M-tron Industries, Inc. files S-1 for Initial Public Offering, which was later not pursued due to market conditions. | |
| M-tron Industries, Inc. introduces 5x7 footprint, surface mount crystal products. | ||
| 2001 | Lynch Interactive spins off Sunshine PCS to shareholders, later sold to Voicestream Wireless. | |
| Company spins off Morgan Group and Tremont Advisors to shareholders. Tremont later acquired by Oppenheimer. | ||
| M-tron Industries, Inc. introduces 5x7 oscillator footprint and crystal oscillators and VCXOs over 750 MHz. | ||
| 2002 | M-tron Industries, Inc. purchases assets of Champion Technologies (formerly Motorola), expanding their product line to include VCXO, TCXO and timing solutions. | |
| M-tron Industries, Inc. expands product offering to include Stratum 3 TCXOs, 662 MHz STW VCXOs, 2.488 MHz VCXOs, OCXOs, and HPXOs. | ||
| Company sells remaining stake in Spinnaker Industries. | ||
| 2004 | M-tron Industries, Inc. acquires Piezo Technology, Inc. ("MtronPTI") | |
| 2006 | MtronPTI introduces SAW filter product line. | |
| 2007 | Company announces sale of Lynch Systems, Inc. | |
| The LGL Group, Inc. reincorporates under the laws of the State of Delaware. | ||
| MtronPTI becomes MIL-STD-790 and QPL Oscillator supplier. | ||
| 2008 | Company expands OCXO capacity to Delhi, India site. | |
| 2009 | MtronPTI expands product line to include cavity filters. | |
| 2012 | MtronPTI expands ISO 9001:2008 accreditation with AS9100 Rev. C | |
| 2016 | Company acquires the assets of Precise Time and Frequency, Inc. | |
| 2022 | LGL spins off M-tron Industries, Inc. (NYSE American: MPTI) to shareholders. | |
| 2023 | Lynch Capital International, LLC is launched to facilitate the Merchant Investment business | |