ROSEMONT, Ill.–(BUSINESS WIRE)–Jan 7, 2020–
Premier Forge Group, a portfolio company of Wynnchurch Capital, LLC (“Wynnchurch”), announced the acquisition of California Amforge Corporation (“Amforge”). Located in Azusa, California, Amforge is a leading manufacturer of closed die, upset and rolled ring forgings for the aerospace & defense and oil & gas industries.
Bill Kerfin, CEO of Premier Forge Group, said in a statement, “We are excited to partner with the California Amforge leadership team, who has done a phenomenal job developing a reputation for superior quality and customer service. With the addition of Amforge, we gain significant scale in the aerospace & defense sector while further developing our oil & gas business. In addition, we can now offer our customers new products with additional forging capabilities and capacity, as we continue to enhance our value proposition and execute on our growth strategy.”
Sue Congalton, former CEO and principal shareholder of Amforge, stated, “I’m excited about the future of the company as Wynnchurch and management will bring the tools and resources to significantly grow the business and take it to the next level. This combination is not only a strong strategic fit with complementary products, capabilities, and end-markets, but also an excellent cultural fit with our shared dedication to customer service and our employees. This is an exciting time for California Amforge.”
About California Amforge Corporation:
In operation for over 65 years and based in Azusa, California, Amforge is a leading manufacturer of closed die, upset and rolled ring forgings for the aerospace & defense and oil & gas industries. The company has approvals and certifications from virtually all the leading aerospace manufacturers and supplies critical components for both fixed and rotary wing aircraft and engines in military and civil applications. For more information, please visit: http://www.cal-amforge.com.
About Premier Forge Group Holdings, Inc.:
Located in Portland, Indiana and Lebanon, Kentucky, Premier Forge provides high-value, complex forgings for blue-chip OEMs primarily in the transportation, oil & gas, construction, mining, agricultural, and aerospace & defense markets. Premier Forge’s capabilities include comprehensive forging processes complemented by in-house design and engineering, material expertise, product machining and heat-treating services. For more information, please visit: https://www.premierforge.com.
About Wynnchurch Capital:
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and 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 Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200107005123/en/
CONTACT: Chris O’Brien
Managing Partner
847-604-6100Greg Gleason
Managing Director
847-604-6100Paul Ciolino
Operating Partner
847-604-6100
KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA ILLINOIS INDIANA KENTUCKY
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING AEROSPACE STEEL OTHER MANUFACTURING PROFESSIONAL SERVICES BANKING FINANCE DEFENSE OTHER DEFENSE
SOURCE: Wynnchurch Capital, LLC
Copyright Business Wire 2020.
PUB: 01/07/2020 09:35 AM/DISC: 01/07/2020 09:35 AM
http://www.businesswire.com/news/home/20200107005123/en
Recent Comments