H.I.G. Capital announced that one of its affiliates has completed the acquisition of Premier Forge Group. Financial terms of the transaction were not disclosed.
Premier Forge Group is a manufacturer of highly complex and mission-critical forged components used in aerospace, defense, and specialty industrial applications.
The company is headquartered in Portland, Indiana, with additional manufacturing operations in Azusa, California, and Lebanon, Kentucky.
Premier Forge Group partners with leading OEMs and suppliers to manufacture complex closed-die, upset, and rolled-ring forgings.
The company’s components are used in demanding applications that require strict performance, quality, and reliability standards.
H.I.G. said Premier Forge Group’s differentiated manufacturing capabilities, engineering expertise, and long-standing customer relationships have helped establish the company as a trusted supplier for mission-critical programs.
The partnership is expected to support continued investment in Premier Forge Group’s capabilities as the company works to meet growing customer demand.
H.I.G. also said the investment will help strengthen the domestic industrial base, particularly in markets tied to aerospace, defense, and specialty industrial manufacturing.
Premier Forge Group was founded in 1967 and operates three U.S.-based facilities. The company serves customers across high-performance aerospace, defense, and industrial platforms.
H.I.G. Capital is a global alternative investment firm with $75 billion of capital under management. Since its founding in 1993, the firm has invested in and managed more than 400 companies worldwide.
H.I.G.’s current portfolio includes more than 100 companies with combined sales exceeding $53 billion.
KEY QUOTES:
“Management has established PFG as a trusted supplier of mission-critical forged components. The Company offers differentiated manufacturing capabilities, deep engineering expertise, and a strong reputation for quality and reliability. We are excited to partner with Timm and the broader management team to support continued investment in the Company’s capabilities, helping meet growing customer demand while strengthening the domestic industrial base.”
Anthony Chambers, Managing Director at H.I.G. Capital
“This partnership marks an exciting new chapter for PFG. H.I.G. brings significant capital and operational resources, and we share a common vision for the Company’s future. Together, we will continue investing in our people, operations, and customer relationships while expanding our capabilities to support the next generation of aerospace, defense, and industrial platforms and programs.”
Timm Fields, CEO of Premier Forge Group
