Tinicum L.P. Acquires Controlling Interest in Watlow

Tinicum Acquires Controlling Interest in Groupe Tornatech

October 10, 2024

Manufacturing

Tinicum, L.P. has acquired a controlling interest in Groupe Tornatech Inc., a Laval, Quebec-based designer and manufacturer of fire pump controllers. Tornatech's co-presidents will retain a significant ownership stake and the company will partner with Tinicum to invest in its team, product offering, capabilities, and facilities to support global growth; financial terms were not disclosed.

Tinicum Acquires Controlling Interest in Greene Group Industries

July 17, 2023

Manufacturing

Tinicum L.P. (Tinicum Incorporated) has acquired a controlling interest in Greene Group Industries, a California-based manufacturer of complex metal components for medical and commercial applications. The deal will keep existing shareholders and management as minority owners and aims to accelerate investments in technology, capabilities and capacity to support Greene's growth with global customers.

Worthington Steel Acquires Controlling Stake in Italy-Based Sitem Group

June 3, 2025

Manufacturing

Worthington Steel, through its subsidiary Tempel Steel Company, LLC, completed the acquisition of an approximately 52% controlling equity stake in Italy-based Sitem S.p.A. (Sitem Group). The deal expands Worthington's presence in the European electric motor lamination market and strengthens its ability to serve global automotive, industrial motor and transformer customers.

Worthington Industries Acquires Tempel Steel Company

December 1, 2021

Manufacturing

Worthington Industries has acquired Tempel Steel Company for approximately $255 million, adding Tempel's headquarters in Chicago and five manufacturing facilities in Canada, China, India and Mexico. The acquisition, funded primarily with existing cash, brings about 1,500 employees and expands Worthington's capabilities in electrical steel laminations for transformers, motors and EV applications.

Tinicum Acquires KGM from Compass Group Equity Partners

May 28, 2024

Industrial Services

Tinicum, L.P. and affiliated funds managed by Tinicum Incorporated acquired a controlling interest in KGM from Compass Group Equity Partners, with KGM management retaining a significant ownership stake. Headquartered in Tulsa, Oklahoma, KGM is a value‑added distributor of natural gas meters, regulators, valves and related services; Tinicum intends to invest in the company’s team, product offering, capabilities and facilities to support growth.

SK Capital Partners Acquires Controlling Stake in Tilley Chemical Company

January 7, 2021

Industrial Services

Funds advised by SK Capital Partners made a controlling investment in Tilley Chemical Company, a Baltimore-based specialty chemical and lubricant distributor. The Tilley family will retain a significant ownership stake and continue to be involved; committed debt financing was provided by Madison Capital to support SK Capital’s investment and the platform’s planned infrastructure and footprint expansion.