Leggett & Platt Acquires Pegasus Manufacturing
March 15, 2016
Leggett & Platt Incorporated has acquired Pegasus Manufacturing, Inc., a Middletown, Connecticut-based aerospace manufacturer that produces fabricated tubes, pipe assemblies, precision-machined parts and gears for commercial and military aircraft engines and land-based turbines. Terms were not disclosed; Carter Morse & Mathias served as financial advisor to Leggett & Platt. The acquisition expands Leggett & Platt's Aerospace Products Group capabilities and strengthens its product and market presence in aerospace components.
- Buyers
- Leggett & Platt Incorporated
- Targets
- Pegasus Manufacturing, Inc.
- Industry
- Manufacturing
- Location
- Connecticut, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Midland Industries Acquires Pegasus Supply Group, LLC
September 4, 2026
Manufacturing
Midland Industries, a portfolio company of Gemspring Capital, acquired Pegasus Supply Group, LLC, a supplier and value-added provider of industrial and electronic connection products. The acquisition adds complementary products and capabilities—including wire harness and cable assembly, engineering support, and custom cutting and marking—to Midland's offering.
-
Somnigroup Acquires Leggett & Platt in an All-Stock Transaction
April 13, 2026
Industrial Services
Somnigroup International has signed a definitive agreement to acquire Leggett & Platt in an all-stock deal valued at approximately $2.5 billion. Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup stock per share, with Leggett & Platt expected to operate as a separate business unit within Somnigroup after closing.
-
Arlington Capital Partners Acquires Pegasus Steel
June 14, 2023
Aerospace & Defense
Arlington Capital Partners, a Washington, D.C.-area private equity firm, has acquired Pegasus Steel LLC, a heavy steel fabricator that supplies large-scale structures for U.S. Navy submarines and aircraft carriers. Pegasus will serve as a new platform for Arlington as management, led by Founder & CEO Tony Deering, remains in place to scale the business to meet naval shipbuilding demand.
-
H.I.G. Capital Affiliate Acquires Pegasus Home Fashions
August 19, 2021
Manufacturing
H.I.G. Capital, through one of its affiliates, completed the acquisition of Pegasus Home Fashions, a leading U.S. poly-filled pillow manufacturer headquartered in Elizabeth, New Jersey. H.I.G. plans to support Pegasus's growth initiatives, including brand expansion, channel development and strategic add-on acquisitions while the existing management team remains in place.
-
Avetta Acquires Pegasus (Australia)
May 7, 2021
Cloud & SaaS
Avetta, a Utah-based supply chain risk management software provider, has agreed to acquire Pegasus, a Newcastle, Australia-based worker competency management software company. The deal combines Avetta's global supplier risk platform with Pegasus's workforce competency and learning management capabilities and establishes Pegasus as Avetta's base of operations in Australia.
-
Leggett & Platt Acquires Elite Comfort Solutions
January 16, 2019
Manufacturing
Leggett & Platt has completed the acquisition of Elite Comfort Solutions (ECS) from Arsenal Capital Partners for $1.25 billion. ECS, headquartered in Newnan, Georgia, is a manufacturer of proprietary polyurethane foam and finished mattresses with a national network of 16 U.S. facilities; the deal expands Leggett & Platt's bedding and furniture capabilities.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.