J.F. Lehman & Company announced that investment affiliates, including JFL Equity Investors VI, L.P., have acquired Forged Solutions Group, a provider of high specification forgings serving the aerospace, defense, and space markets.
Founded in 1836, Forged Solutions Group supplies flight-critical, rotating aeroengine components and maintains vertically integrated capabilities across rolled rings, closed die, extrusion, and open die forging processes. The company works with a range of alloys, including nickel, titanium, steel, and aluminum, supporting global OEM and Tier 1 customers. Headquartered in Sheffield, U.K., Forged Solutions Group operates seven manufacturing facilities across the U.K. and U.S. and employs approximately 840 people.
The acquisition positions J.F. Lehman & Company to expand its presence in technically demanding and capacity-constrained segments of the aerospace and defense supply chain. The firm said Forged Solutions Group’s forging capabilities, product portfolio, and available capacity align with increasing long-term demand across aerospace, defense, and space end markets.
Financing for the transaction was led by HPS Investment Partners’ Direct Lending platform, with Audax Private Debt serving as joint lead arranger. Evercore acted as financial advisor to J.F. Lehman & Company and Jones Day served as legal counsel. Goldman Sachs and Perella Weinberg served as financial advisors to Forged Solutions Group, while Sheppard Mullin served as legal counsel.
Founded in 1992, J.F. Lehman & Company is an alternative asset manager focused exclusively on the aerospace, defense, government, maritime, environmental, and infrastructure industries. The firm manages over $8 billion in AUM across its private equity and credit strategies and has offices in New York and Washington, D.C.
KEY QUOTES:
“FSG is a uniquely diversified and scaled aerospace forgings platform operating in one of the most technically demanding and capacity constrained segments of the supply chain. We believe the Company is advantageously positioned to address growing long-term demand in its core aerospace, defense, and space end markets and look forward to partnering with management in support of FSG’s strategic growth initiatives.”
Alex Harman, Managing Partner at J.F. Lehman & Company
“FSG’s expansive forging capabilities, diverse product portfolio, and meaningful available capacity form a compelling and critical solution to the broader aerospace and defense industry’s production requirements. We are excited to build upon FSG’s differentiated technical capabilities and scaled operational footprint to increase throughput in support of current and next-generation aeroengine and defense platforms.”
Ben Hatcher, Managing Director at J.F. Lehman & Company
“JFLCO’s sector and operational expertise and deep industry relationships make them an ideal partner for FSG’s next chapter of growth. We look forward to further strengthening FSG’s position as a trusted supplier of critical forgings for global aerospace and defense programs.”
Olivier Jarrault, Chief Executive Officer of Forged Solutions Group
