Wynnchurch Capital has sold Premier Forge Group to H.I.G. Capital
Premier Forge Group
Headquartered in Portland, Indiana, with additional manufacturing locations in Azusa, California, and Lebanon, Kentucky, Premier Forge Group (PFG) partners with leading OEMs and suppliers to manufacture complex closed-die, upset and rolled-ring forgings for demanding aerospace, defense and specialty industrial applications. The company’s differentiated manufacturing capabilities, engineering expertise and long-standing customer relationships support products requiring stringent performance, quality and reliability standards.
The Deal
Wynnchurch acquired PFG in June 2019 from Allegheny Technologies Incorporated. During Wynnchurch’s ownership, the company continued to build on its strong market position, serving customers across key end markets, including aerospace and defense (A&D), while reinforcing its reputation as a leading supplier of highly engineered forged components for mission-critical applications.
Our Perspective
Eric Cartier and Ryan O’Toole, Lincoln International Managing Directors who led the transaction, commented, “We are thrilled to have advised Wynnchurch and Premier Forge on this important transaction, which represents another strong example of investor interest in the A&D sector. The A&D forgings supply chain remains capacity constrained, and Premier Forge has established itself as a market leader poised to benefit from long-term demand tailwinds across the sector. We look forward to watching the successful partnership between Premier Forge and H.I.G.”
Wynnchurch Capital
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement.
Wynnchurch manages a number of private equity funds with $9.1 billion of assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings.
H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $75 billion of capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, Dubai and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused, value-added approach.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion.
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