Wynnchurch Capital Acquires Allegheny Technologies' Portland and Lebanon Forging Operations

June 3, 2019

Wynnchurch Capital acquired two closed-die forging facilities from Allegheny Technologies Incorporated (ATI) — the Portland, Indiana and Lebanon, Kentucky operations — in a deal reported at approximately $37 million. Wynnchurch said the carve-out creates a platform opportunity (Premier Forge Group) to grow the forging business and partner with management to expand capabilities for blue‑chip OEM end markets including transportation, oil & gas and aerospace & defense.

Buyers
Wynnchurch Capital, LLC
Targets
Allegheny Technologies (Portland, IN forging operations), Allegheny Technologies (Lebanon, KY forging operations)
Sellers
Allegheny Technologies Incorporated (ATI)
Platforms
Premier Forge Group
Industry
Manufacturing
Location
United States
Transaction Type
Divestiture

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