Grede Acquires Neenah Enterprises' Commercial Vehicle Business and Advanced Cast Products (ACP)

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.

Grede Acquires Certain Assets of Renaissance Manufacturing Group (RMG) Waukesha

June 3, 2020

Manufacturing

Grede, a PE-backed iron castings manufacturer owned by Gamut Capital Management, purchased certain assets of Renaissance Manufacturing Group (RMG) Waukesha, LLC to expand its castings and machining capacity. The asset purchase (terms undisclosed) strengthens Grede's presence in commercial vehicle and industrial markets and will result in reallocating some work to Grede's other U.S. facilities.

Charlotte Pipe and Foundry Acquires Neenah Enterprises, Incorporated

July 13, 2022

Manufacturing

Charlotte Pipe and Foundry Company purchased Neenah Enterprises, Incorporated effective July 13, 2022. Neenah, headquartered in Neenah, Wisconsin, operates three foundry plants producing construction and industrial castings; Charlotte Pipe said the deal builds on its core competency in manufacturing grey iron castings.

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.

Crete Mechanical Group and Ridgemont Equity Partners Recapitalize AC Corporation

September 14, 2022

HVAC & Mechanical

Crete Mechanical Group, a Ridgemont Equity Partners-backed commercial mechanical services platform, has recapitalized Greensboro, North Carolina-based AC Corporation and added it as a partner company. The transaction is intended to accelerate AC Corp.'s growth and expand Crete's presence across North Carolina and adjacent East Coast markets by leveraging Crete's operational support and partner network.

Colfax Creek Capital Recapitalizes Appalachian Cast Products

January 31, 2019

Manufacturing

Colfax Creek Capital formed Premier Engineered Products, LLC to recapitalize Appalachian Cast Products (ACP) and to integrate the production of Premier Die Casting into ACP's Abingdon, Virginia facility. The new platform will be led by Mike Ryan as President and CEO and will invest in expanded aluminum die casting and value‑added CNC machining capabilities to accelerate growth.