Foley & Lardner LLP served as legal advisor to Wynnchurch Capital in connection with the sale of aerospace and defense manufacturer Premier Forge Group Holdings Inc. (PFG) to H.I.G. Capital.
Headquartered in Portland, Indiana, PFG is a leading manufacturer of highly complex forgings for mission-critical aerospace and defense and specialty industrial applications. PFG manufactures a broad range of forged components primarily from specialty alloys, titanium, carbon steel, and stainless steel.
Wynnchurch acquired PFG in June 2019 as a corporate carve-out from Allegheny Technologies Incorporated. Under Wynnchurch’s ownership, PFG significantly expanded its aerospace and defense exposure and further strengthened its position as a leading supplier of highly engineered forged components serving mission-critical applications.
Wynnchurch 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.
The Foley team was led by partners Gjina Lucaj and Omar Lucia with support from Zach Ulewicz and Ellie O’Neill.