TRM Equity Acquires Assets of Innovative Hearth Products

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.

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.

AHF Products Acquires Certain Assets of American OEM (Cumberland Products Group, LLC)

August 16, 2021

Manufacturing

AHF Products has acquired certain assets of American OEM, the trade name of Cumberland Products Group, LLC, adding the Raintree, Hearthwood and Emily Morrow Home hardwood flooring brands and an engineered hardwood manufacturing facility in Only, Tennessee. AHF — a PE-backed flooring platform — said the acquisition will expand its product capabilities, reduce lead times, and deepen relationships with American OEM’s distributor and retail customers.

Arcline Forms Quantic and Acquires TRM Microwave

January 13, 2021

Aerospace & Defense

Arcline Investment Management formed a new platform called Quantic and announced that Quantic has acquired TRM Microwave. TRM Microwave is a designer and manufacturer of custom RF and microwave components and subsystems serving military, space and commercial markets; the deal is an add-on to build out Quantic's mission-critical electronics capabilities.

Turnspire Capital Partners Acquires GHP Group

October 2, 2024

Consumer Products

Turnspire Capital Partners, through an affiliate, has acquired GHP Group Inc., a Niles, Illinois–based designer and supplier of outdoor living and indoor heating consumer products (brands include Dyna-Glo, Bond, Pleasant Hearth and Vitapur). Turnspire said it will support GHP with operational improvements, new product development and organic growth initiatives. Wilkie Farr & Gallagher acted as legal counsel and William Blair served as financial advisor to Turnspire.

HGR Industrial Surplus Acquires Tramar Industries

December 23, 2021

Industrial Services

HGR Industrial Surplus has acquired Tramar Industries, a global CNC machinery marketplace, merging the two businesses to create a one-source solution for buying and selling used industrial equipment. The deal expands HGR's CNC equipment offering, geographic footprint and warehouse capacity across North America while combining complementary marketplaces and services.