Single Family Office

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Essex Industries

Essex Industries is a family-owned aerospace and defense manufacturer founded in St.

Essex Industries

Essex Industries was founded in 1947 when Harold Guller, returning from World War II, developed a radio noise filter for the F-214 jet in his father’s basement. His brother Sidney handled the accounting while earning his degree and later joined full time. The company remains entirely family owned, with second-generation members Keith Guller and Mickey Waldman serving as board directors and Evan Waldman, of the third generation, as CEO. Essex manufactures thousands of aircraft components — hydraulic, pneumatic, fuel, and anti-gravity valves, flame arrestors, and hands-on throttle and stick (HOTAS) grips for fixed-wing, rotary, and land combat vehicles. The cryogenics division produces liquid oxygen (LOX) converters ranging from 5-liter units to a 500-gallon trailer, with over 100,000 LOX systems supplied to military and commercial customers since 1963. In 1991, the company acquired DuPont’s Portable Breathing and Rescue Products Division, adding emergency breathing equipment that now equips the US Air Force and major global airlines. Key products include control wheels and weapons system officer hand controllers. The firm employs over 400 people across five locations in St. Louis, Missouri; Huntington Beach, California; and Milford, Connecticut. It serves both military and commercial customers internationally. The Guller Foundation, the family’s charitable arm, funds scholarships at Olin Business School and research at Barnes Jewish Hospital, and executive team members are active with the National Kidney Foundation, ALS Association, and other organizations. May 2026: Essex exhibited its LOX and emergency breathing systems at the Farnborough International Airshow, Hall 3, Booth 3031. Essex differs from many family offices by operating as a vertically integrated industrial manufacturer — the family generates wealth by building and selling proprietary hardware rather than deploying financial capital into external funds. The business has never taken outside investment and remains a pure operating-company structure under family control across three generations.

General information

Firm type

Single Family Office

Year founded

1947

AUM

Undisclosed

Location

Region

North America

Country

United States

City

St. Louis

Corporate office

St. Louis, MO, United States

Additional offices

7700 Gravois Road, St. Louis, MO · 6 Sunnen Drive, St. Louis, MO · 8007 Chivvis Drive, St. Louis, MO · 5451 Argosy Avenue, Huntington Beach, CA · 220 Rock Lane, Milford, CT

Principals

Keith Guller

Board Director

Mickey Waldman

Board Director

Evan Waldman

CEO

Sector focus

Aerospace & DefenseManufacturingIndustrial Technology

Frequently asked questions

Who runs investment decisions at Essex Industries?

Evan Waldman serves as CEO; second-generation cousins Keith Guller and Mickey Waldman are board directors. The company has never disclosed an external CIO or separate investment committee, consistent with its operating-company structure.

How does Essex Industries source proprietary deal flow?

Essex does not disclose a formal sourcing process; as a family-owned manufacturer, it has historically grown through internal product development and selective acquisitions — such as DuPont's Portable Breathing and Rescue Products Division in 1991.

Is Essex Industries structured as a single family office or does it operate more like a venture firm?

Essex is a family-owned operating company, not a venture firm. It generates revenue by manufacturing aerospace and defense components and reinvests profits into its own facilities and product lines, rather than deploying capital into external funds or startups.

Does Essex participate in fund commitments or only direct deals?

Based on public disclosures, Essex makes no outside fund commitments. All capital deployment appears to be internal — into manufacturing capacity, R&D, and its own product portfolio.

What investment stages does Essex typically target?

Essex does not target investment stages in the traditional sense. Its growth comes from organic expansion and occasional bolt-on acquisitions of complementary industrial technologies, such as cryogenics (1963) and emergency breathing (1991).

Which sectors does Essex explicitly avoid?

Essex does not publicly list excluded sectors, but its entire portfolio centers on aerospace, defense, and industrial manufacturing. It has no disclosed activity in financial services, healthcare services (aside from medical oxygen), real estate, or consumer products.

What is the source of the family's underlying wealth?

The wealth originates from Harold Guller's post-WWII aerospace component business. He founded the company in 1947 and, along with his brother Sidney, built it into a supplier for virtually every major military and commercial aircraft program since that era.

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