PWP Growth Equity Acquires Alloy Die Casting Corporation from Gladstone Investment Corporation

Altus Capital-backed Winsert Acquires Alloy Cast Products, Inc.

October 4, 2022

Manufacturing

Winsert, a portfolio company of Altus Capital Partners, has acquired Alloy Cast Products, Inc. (ACP), an investment casting and machining manufacturer of exotic cobalt alloys based in Kenilworth, New Jersey. The transaction is Altus' first add-on for Winsert since acquiring the platform earlier in 2022 and expands Winsert's casting and machining capabilities for aerospace, power generation, emissions control, and OEM customers.

Architect Equity Acquires Gibbs Die Casting Corporation

January 1, 2025

Manufacturing

Architect Equity, a lower middle-market private equity firm, acquired 100% of Gibbs Die Casting Corporation from Koch Enterprises, Inc.; terms were not disclosed and the deal closed in January 2025. Gibbs, headquartered in Henderson, Kentucky, is a manufacturer of precision aluminum die-cast, machined and assembled driveline, powertrain and transmission components (employing over 800 people) and will continue operating under Gibbs' existing leadership team.

ADC Aerospace Acquires Cast-Rite Corporation

February 12, 2024

Manufacturing

ADC Aerospace, a GreyLion-backed manufacturer, has acquired Cast-Rite Corporation, a provider of advanced die casting and fabrication solutions. The add-on acquisition will consolidate Cast-Rite operations into ADC's Buena Park facilities to expand product scope, increase market penetration across aerospace, defense, medical and automotive end markets, and leverage existing manufacturing capacity.

Holleway Capital Acquires Aladdin Steel

June 7, 2023

Industrial Services

Holleway Capital, a St. Louis-based private equity firm focused on Midwestern manufacturers and distributors, has acquired Aladdin Steel, a specialty carbon steel tubing and pipe distributor founded in 1976 and headquartered in Gillespie, Illinois. RKCA advised the sell-side; founder Gene Eschbacher, who became sole owner in 2009, was the selling party. The acquisition expands Holleway's exposure to regional industrial distribution and value‑added steel services.

Gamut Capital Funds Acquire Grede U.S. Iron Casting Operations from American Axle & Manufacturing

September 18, 2019

Manufacturing

Funds managed by Gamut Capital Management agreed to acquire American Axle & Manufacturing's U.S. iron casting operations, Grede, for an aggregate purchase price of $245 million. AAM sold the business as a divestiture to streamline operations and accelerate debt reduction; Grede operates 10 U.S. foundry/manufacturing facilities serving automotive, commercial vehicle and industrial markets.

Canopy Capital Partners Recapitalizes Alloy Cladding Holdings

May 22, 2019

Industrial Services

Canopy Capital Partners led a recapitalization of Alloy Cladding Holdings, a Jupiter, Florida-based industrial services contractor, partnering with Plexus Capital and with financing from Valley National Bancorp. The equity investment will fund growth and capability expansion to broaden Alloy Cladding's specialized welding, cladding and maintenance services across pulp & paper, chemical and other heavy industrial end markets while partnering with the Macdonald management team.