First Reserve Acquires Lamons Business from TriMas for $135M

Lamons Acquires AUGE Industrial Fasteners

July 8, 2024

Manufacturing

Lamons, a First Reserve-backed manufacturer of sealing and attachment solutions, has acquired AUGE Industrial Fasteners, a North American maker of engineered critical fasteners with primary operations in Lerma, Mexico. The acquisition is intended to vertically integrate Lamons' supply chain, expand manufacturing capacity, and better serve blue‑chip customers across energy, chemical, construction and OEM markets; financial terms were not disclosed.

Lamons Acquires ModuHouston Location from Modumetal

May 20, 2024

Industrial Services

Lamons has acquired the ModuHouston coating location from Modumetal; the site will operate as ModuCoatings and holds the license to apply Modumetal's NanoGalv zinc-nickel corrosion protection system. The acquisition expands Lamons' coating and corrosion-protection capabilities for energy, infrastructure, defense and automotive end markets while Modumetal retains focus on developing its nanolaminated metals technologies.

First Reserve Invests in Palmdale Oil

May 4, 2023

Oil & Gas

First Reserve has invested in Palmdale Oil, a Fort Pierce, Florida-based provider of fuels, lubricants, and chemicals, partnering with the Cheatham family who retain a significant ownership stake and leadership roles. The capital will support Palmdale's buy-and-build growth strategy across Florida, including accretive acquisitions, organic expansion, and technology enhancements.

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.

TriMas Acquires Omega Plastics and TFI Aerospace

December 13, 2021

Manufacturing

TriMas (NASDAQ: TRS) announced bolt-on acquisitions of Omega Plastics (added to TriMas Packaging) and TFI Aerospace (added to TriMas Aerospace). Omega, a Clinton Township, Michigan injection-molding and tooling company serving medical and industrial markets, generated about $18M of revenue in 2021; TFI, near Toronto, is a specialty aerospace fastener supplier with about $6M of revenue. TriMas said both targets are private, family-owned companies and expects the deals to expand product offerings and manufacturing capacity while keeping net leverage below 2.0x.

Triton Acquires Lamina Technologies

May 15, 2020

Manufacturing

Triton’s Smaller Mid-Cap Fund has acquired a majority stake in Lamina Technologies SA, a Swiss manufacturer and pioneer of multi-material carbide cutting tools. Triton will support Lamina’s growth strategy, focusing on expanding its product portfolio and international footprint; terms were not disclosed.