Stellex Affiliate to Acquire McConway & Torley and Standard Forged Products from Arcosa

Standex International Acquires McStarlite Co.

February 5, 2025

Manufacturing

Standex International Corporation has acquired McStarlite Co., a Harbor City, California-based maker of complex sheet metal aerospace components, for approximately $56.5 million in cash. McStarlite will be reported in Standex's Engineering Technologies Group and the acquisition is intended to expand Standex's forming capabilities and provide cross-selling and technical-exchange opportunities with its Spincraft business.

Stellex Capital Management Acquires RTC Aerospace

March 21, 2022

Manufacturing

Stellex Capital Management completed a platform investment in RTC Aerospace LLC, a manufacturer of high-precision machined components for commercial and military aerospace customers. Stellex will support RTC’s organic growth and pursue an M&A-focused expansion strategy while existing investor/executive Brad Hart remains on the cap table and Dave Herr joins as a partner for growth.

Cleveland-Cliffs Acquires Stelco Holdings Inc.

July 15, 2024

Manufacturing

Cleveland-Cliffs Inc. has completed its acquisition of Stelco Holdings Inc. for C$70.00 per share (C$60 cash and 0.454 Cliffs shares), implying an enterprise value of approximately C$3.4 billion. The deal brings Stelco's integrated flat-rolled steel operations in Hamilton and Nanticoke, Ontario into Cliffs' portfolio, expanding its Canadian footprint, adding roughly 1,800 union employees, and creating estimated annual synergies and capability expansion in flat-rolled steel production.

Astorg Acquires Majority Stake in Steliau

February 26, 2024

Industrial Services

Astorg, a European private equity firm, has signed an agreement to acquire a majority stake in Steliau, a pan-European value-added distributor (VAD) of electronic solutions, from B&Capital. Steliau, founded in 1992 and headquartered in Montrouge, France, employs more than 200 people across eight countries and will partner with Astorg to accelerate organic growth and execute a buy-and-build strategy.

MC Machinery Systems Acquires Ferro Technique from Argyle Capital and Sharno Group

August 18, 2025

Industrial Services

MC Machinery Systems Inc. has acquired Ferro Technique Ltd., a Mississauga-based multi-line distributor of machine tools, from Argyle Capital Partners and investment partner Sharno Group. The transaction gives MC Machinery expanded distribution and service capabilities in eastern Canada (Ontario, Quebec and the Maritimes) and represents a strategic geographic and service-network expansion for the buyer.

Stellex Capital Continuation Vehicle Acquires Interests in Fenix Parts

April 10, 2024

Automotive

Stellex Capital Management closed a single-asset continuation vehicle that acquired interests in Fenix Parts, providing follow-on capital to support organic growth and the company’s add-on M&A pipeline. Concurrently, Fenix refinanced its debt with TCW Private Credit Group as lead lender; Evercore served as financial advisor and Kirkland & Ellis and Greenberg Traurig as legal counsel.