Flack Global Metals Acquires Majority Stake in Pacesetter Steel Service

Precision Metal Holdings Acquires General Metals, LLC

January 7, 2022

Manufacturing

Precision Metal Holdings, a Farragut Capital Partners portfolio platform, has acquired General Metals, LLC — a North Carolina-based precision metal fabricator — with Farragut providing subordinated debt and preferred equity and Everside Capital Partners joining as a co-investor. The deal is an add-on to the Precision Metals platform that expands the company’s geographic footprint in the Southeastern United States and enhances its capabilities in stamping, forming, welding, precision machining and electromechanical assembly.

Forged Solutions Group Acquires Steel Industries

November 17, 2022

Manufacturing

Forged Solutions Group (a portfolio company of Arlington Capital Partners) has acquired Steel Industries, Inc., a Redford, Michigan-based manufacturer of open die forgings and seamless rolled rings. The acquisition expands FSG's forging capabilities, metals expertise and customer relationships across aerospace, defense, space and industrial end markets and will keep Steel Industries' existing management team in place.

McDonald Steel Subsidiary Acquires General Steel Corp.

October 31, 2022

Industrial Services

Mac Steel GSC Inc., a subsidiary of McDonald Steel Corp., has acquired the assets of Cleveland-based General Steel Corp., a steel service center specializing in precision plate processing. The acquisition expands McDonald Steel's plate-processing capabilities and is expected to help the company better serve rail, construction and agriculture customers; financing was provided by Huntington Bank's Commercial Banking Group.

Premier Steel Doors and Frames Acquires MegaMet Industries

October 5, 2020

Building Products

Premier Steel Doors and Frames has acquired MegaMet Industries, a Birmingham, Alabama-based manufacturer of specialty hollow metal doors (acoustic, blast-proof, ballistic and RF-shield). The deal, sourced and announced by OpenGate Capital, is an add-on to Premier within the S&G family of brands and expands Premier's product offering and capabilities across government, medical and commercial end markets; terms were not disclosed.

Graham Corporation Acquires FlackTek to Add Advanced Materials Processing Platform

January 26, 2026

Manufacturing

Graham Corporation (NYSE: GHM) acquired 100% of FlackTek Manufacturing, LLC and FlackTek Sales, LLC for a $35 million base purchase price (85% cash, 15% stock via 75,818 shares) plus up to $25 million of performance‑based earnouts. The acquisition adds advanced materials processing as a third core platform for Graham and keeps FlackTek headquartered in Louisville, Colorado (satellite in Greenville, South Carolina) as a wholly owned subsidiary; FlackTek reported approximately $30 million in annualized revenue.

Maysteel Industries Acquires Star Precision Manufacturing, Inc.

January 16, 2024

Manufacturing

Maysteel Industries, a portfolio company of Littlejohn Capital, acquired Star Precision Manufacturing, a full-service sheet metal fabrication and precision machining firm in Frederick, Colorado. Patriot Capital provided subordinated debt financing in support of the add-on acquisition, which expands Maysteel's manufacturing capabilities and geographic footprint in the Mountain West.