#USA #H.I.G. Capital #Miami #Aerospace #Premier Forge Group

H.I.G. Capital Completes Acquisition of Premier Forge Group

In a significant development in the investment landscape, H.I.G. Capital, a preeminent global alternative investment firm managing around $75 billion, has finalized the acquisition of Premier Forge Group (PFG). This follows H.I.G.'s strategic aim to bolster its portfolio with manufacturing expertise crucial for aerospace, defense, and specialized industrial applications.

PFG is recognized for its production of complex forged components that cater to the stringent needs of various sectors including aerospace and defense. The company, headquartered in Portland, Indiana, operates additional facilities in Azusa, California, and Lebanon, Kentucky. PFG partners with top-tier original equipment manufacturers (OEMs) to produce a range of sophisticated closed-die and rolled-ring forgings, demonstrating unmatched expertise in manufacturing, engineering, and customer service.

Anthony Chambers, Managing Director at H.I.G., underscored the acquisition's significance, stating that PFG has earned a reputation as a trusted supplier for mission-critical components. The company’s advanced manufacturing capabilities and robust customer relationships are expected to align seamlessly with H.I.G.’s investment strategy. "We are thrilled to collaborate with Timm and the PFG management team to enhance the company's operational capabilities and respond to escalating customer demands, thereby solidifying the domestic industrial market," said Chambers.

Timm Fields, CEO of Premier Forge Group, embraced the partnership, expressing excitement about the new opportunities that H.I.G.'s resources will create. He emphasized their mutual vision: to invest in their employees, operations, and customer rapport, while expanding their manufacturing capabilities to support future aerospace, defense, and industrial advancements.

Premier Forge Group boasts over five decades of experience since its inception in 1967. The company’s commitment to precision and reliability in manufacturing aligns with the intense demands of the aerospace and defense industries. Their facilities leverage decades of operational expertise, enabling the production of components that meet rigorous performance and quality standards.

H.I.G. Capital further adds value through its broad experience in managing alternatives investments, spanning from management buyouts to real estate funds, setting a solid backdrop for PFG’s continued growth. The Miami-based firm operates not only in the U.S., but also has a robust international presence with offices across Europe and Latin America, further enhancing its capability to operate across various geographical markets.

This acquisition reinforces H.I.G.’s commitment to investing in high-performing sectors while ensuring that companies maintain their competitive edge. As H.I.G. engages in this strategic partnership with Premier Forge Group, it positions itself at the forefront of innovative manufacturing to meet the dynamic demands of the aerospace and defense industries. Further details and updates on this acquisition can be found at H.I.G.'s website.

In conclusion, the union of H.I.G. Capital and Premier Forge Group marks a progressive step toward growth and innovation for both parties, paving the way for future advancements and increased capabilities within the manufacturing ecosystem.