FIRTH RIXSON FORGINGS HAS BEEN ACQUIRED BY FORGED SOLUTIONS GROUP
Birmingham, Michigan – December 18, 2019 – Angle Advisors is pleased to announce that Forged Solutions Group (“FSG”) has acquired Firth Rixson Forgings Limited (the “Company”) from Arconic, Inc. (“Arconic”). Angle Advisors acted as the exclusive investment banking advisor to Arconic in completing this transaction.
With four facilities in and around Sheffield, United Kingdom, the Company is a leading provider of complex forged discs, hammer-forged aerospace landing gears, and proprietary closed die forgings. Using a one-of-a-kind forward-and-backward extrusion process, the Company also forms and machines high-strength shafts and cylinders for OEM and Tier 1 customers in the aerospace, defense, energy, off-highway vehicle, and mining industries.
FSG was a new aerospace forging platform investment formed in November 2019 by Arlington Capital Partners (“Arlington Capital”). FSG has also recently acquired Doncasters Group’s Blaenavon Forging business.
Peter Manos, a Managing Partner at Arlington Capital, said “The Company is a perfect complement to our recent acquisition of Doncasters Group’s Blaenavon Forging business. The Company possesses proprietary and difficult-to-replicate manufacturing capabilities and is well positioned on fast growing, next generation engine platforms such as the LEAP, and additionally has a strong portfolio of aftermarket components on sole sourced programs.”
Ben McIvor, General Manager of the Company stated, “We are excited to partner with a veteran aerospace investor in Arlington Capital and the management team at Blaenavon to embark on the Company’s next chapter of growth. The combination of the two businesses and the creation of Forged Solutions Group creates a supplier with the available capacity of five manufacturing facilities, complementary and fully integrated manufacturing and testing capabilities, a broader product portfolio, and strong managerial expertise to better serve our customers.”
Angle Advisors, with offices in the United States, Europe, and Asia, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm’s professionals have completed 218 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.