Forged Solutions Group, a portfolio company of Arlington Capital Partners, has acquired Continental Forge.
Continental Forge is a provider of near-net shape forged and machined aluminum alloy products used in military and commercial aerospace applications. The company was founded in 1968 by Charles Haueisen and is headquartered near Los Angeles in Compton, California.
Arlington Capital formed Forged Solutions Group (FSG) in November 2019 as a platform in the aerospace components sector to acquire the UK-based Blaenavon forging business of Doncasters Group. In December 2019, FSG quickly added on with the buy of UK-based Firth Rixson Forgings from Arconic (formerly Alcoa). In October 2022, FSG acquired Steel Industries, a Michigan-based manufacturer of open die forgings and seamless rolled rings used in the aerospace and defense, nuclear, space, industrial, and transportation markets.
Today, FSG manufactures shafts, rings, discs, asymmetric forgings, and extruded cylinders in a range of titanium, nickel, and steel alloys. Customers of FSG include original equipment manufacturers and Tier 1 suppliers in the aerospace and defense sectors. The company, led by President Ben McIvor, is headquartered near Birmingham in Derbyshire, United Kingdom.
“We are eager to welcome Continental Forge to the FSG platform,” said Peter Manos, a managing partner at Arlington Capital. “The company has many long-standing customer relationships and has exhibited best-in-class operational performance.”
Chevy Chase, Maryland-based Arlington Capital invests in government-regulated industries and adjacent markets including aerospace and defense; government services; and technology, healthcare, and business services.
“We are excited to complete another highly strategic acquisition for FSG,” said Henry Albers, a vice president at Arlington Capital. “Continental Forge expands FSG’s manufacturing capabilities into precision near-net shape aluminum forgings and adds many sought-after customer relationships and certifications. We look forward to the growth opportunities this transaction will create for the combined company.”
Arlington is currently investing out of Arlington Capital Partners V LP, a $1.7 billion fund that closed in June 2019. In February 2021, Goldman Sachs Asset Management made a non-voting minority equity investment in the firm.
© 2022 Private Equity Professional | December 15, 2022
