TRM Equity Acquires Wellman Dynamics

J.F. Lehman & Company Acquires Majority Stake in Wellman Dynamics

January 14, 2026

Manufacturing

J.F. Lehman & Company, via an affiliate of JFL Equity Investor VI, L.P., acquired a majority interest in Wellman Dynamics, a Creston, Iowa-based manufacturer of large-scale magnesium and aluminum sand castings. TRM Equity sold the majority stake and will retain a meaningful minority position; the deal is positioned as a platform investment to expand Wellman's manufacturing capacity and pursue new aerospace and defense programs.

TRM Equity Acquires Assets of Gamma Aerospace, LLC

March 2, 2023

Aerospace & Defense

TRM Equity II acquired substantially all of the assets of Gamma Aerospace, LLC on March 2, 2023. Gamma Aerospace, a Mansfield, Texas-based manufacturer of multi-contoured formed and multi-axis machined aerospace components with three production facilities and over 200 employees, will be operated by TRM with a focus on operational improvement and stabilizing performance amid post-COVID supply and labor challenges.

TRM Equity Acquires Elyria Foundry and Hodge Foundry

January 25, 2021

Manufacturing

TRM Equity has acquired the assets of Elyria Foundry and Hodge Foundry in Elyria, Ohio, with the transaction completed on January 25, 2021. The foundries produce large ductile iron castings (up to 200,000 pounds) serving defense, oil & gas, construction equipment and mining markets; TRM intends to partner with management to stabilize operations and leverage the facilities' technical capabilities.

Titomic Acquires Tri-D Dynamics

July 9, 2021

Manufacturing

Titomic Limited's wholly owned subsidiary Titomic USA, Inc completed the acquisition of the business of Tri-D Dynamics Inc on 9 July 2021. The deal brings Tri-D's Silicon Valley design and smart-pipe manufacturing capabilities into Titomic to accelerate commercialisation of digitally embedded metal infrastructure and support Titomic's defence, aerospace and oil & gas initiatives in North America.

TriMas Acquires Weldmac Manufacturing Company

February 23, 2023

Manufacturing

TriMas Corporation signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company, a family estate‑owned designer and manufacturer of high‑performance metal fabricated components for aerospace, defense, space launch and commercial power markets. The deal (expected to close in the coming months) will fold Weldmac into TriMas Aerospace to expand TriMas’s engineered structural solutions and manufacturing capabilities.

Midwest Growth Partners and Summit Equity Group Acquire Manitowoc Tool & Machining

December 15, 2022

Manufacturing

Midwest Growth Partners and Summit Equity Group, with mezzanine financing from NewSpring Mezzanine and a management rollover, completed an acquisition of Manitowoc Tool & Machining (MTM). The transaction positions MTM — a precision, production-oriented contract manufacturer serving OEM customers across agriculture, HVAC, aerospace & defense, medical and logistics/e-commerce — for continued growth and expanded capabilities under sponsor ownership.