Thrust Capital Partners (TCP), a Canadian private equity firm focused exclusively on the aerospace and defense industry supply chain, has acquired Alphacasting Inc., a Montreal-based precision investment casting foundry serving the aerospace and defense sectors. Financial terms were not disclosed. Norton Rose Fulbright Canada and KPMG served as legal and tax advisors to TCP; Spiegel Ryan and MNP Corporate Finance acted as legal and financial advisors to the sellers.
Founded in 1991, Alphacasting specializes in the lost-wax casting technique and produces precision castings across more than 120 alloy types, with a primary focus on high-strength aluminum and titanium. The company holds a distinctive position in the Canadian industrial base as the only foundry in the country with titanium casting capabilities — a material critical to aerospace structural components and defense applications due to its high strength-to-weight ratio and corrosion resistance.
Louis Marc Pinard, formerly Chief Operating Officer of AP&C, a GE Aerospace company, will join as the new CEO of Alphacasting as part of the transaction. Frederik Centazzo, who helped build the company alongside his father and founder Arduino Centazzo, will remain with the business as Vice President of Sales and Business Development, preserving continuity in customer relationships and commercial execution.
TCP describes itself as the first Canadian private equity fund dedicated exclusively to the aerospace and defense supply chain, with a strategy focused on supporting the growth of small and medium-sized enterprises in Quebec and Canada and accelerating their development into global competitors.
KEY QUOTES:
“I am proud to join the Alphacasting team at a key moment in its journey. The company is a true Quebec industrial champion backed by a loyal global blue-chip customer base. Leveraging our deep expertise in precision investment castings, we aim to strengthen our commitment to operational excellence and value creation to support sustainable growth. Above all, the future of Alphacasting will be driven by the talent and commitment of our people.”
Louis Marc Pinard, Chief Executive Officer, Alphacasting
“Under the leadership of the Centazzo family, Alphacasting has become a partner of choice within the highly strategic precision casting ecosystem. In addition to providing capital, TCP’s unique experience will reinforce the company’s operational execution and support its continued development in the aerospace and defense sector.”
Frédéric Loiselle, Partner, Thrust Capital Partners
