TRM Equity Acquires Elyria Foundry and Hodge Foundry
January 25, 2021
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.
- Buyers
- TRM Equity
- Targets
- Elyria Foundry, Hodge Foundry
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
TRM Equity Acquires Assets of Innovative Hearth Products
January 26, 2023
Building Products
TRM Equity II, a Michigan-based private equity firm, acquired substantially all of the assets of Innovative Hearth Products (IHP) on January 26, 2023. IHP is a manufacturer of indoor and outdoor fireplaces, stoves, gas logs, inserts, venting products and accessories with production facilities in Russellville, Alabama and Auburn, Washington; it generated about $87 million of revenue in 2022 and employs approximately 350 people.
-
TRM Equity Acquires Wellman Dynamics
July 29, 2022
Aerospace & Defense
TRM Equity II, a Michigan-based private equity firm, has acquired all equity of WDC Acquisition LLC, doing business as Wellman Dynamics, a Creston, Iowa-based aerospace foundry that manufactures large, complex magnesium and aluminum castings for defense and commercial aerospace customers. The transaction closed July 29, 2022; Wellman employs approximately 350 people and has operated in Creston since 1965.
-
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.
-
EQI Ltd. Acquires Ferralloy, Inc.
May 6, 2025
Manufacturing
EQI Ltd. has acquired Ferralloy, Inc., a Cleveland-based supplier of heat-resistant alloy castings, forgings, machined components and specialty raw materials. The deal will fold Ferralloy into EQI's portfolio (alongside Pro-Tech) to expand EQI's thermal processing and metal components capabilities and broaden its customer base and supply-chain footprint.
-
Druid Capital and Elyton Capital Acquire Franklin Iron Works
March 2, 2022
Manufacturing
Druid Capital Partners and Elyton Capital have completed the acquisition of Franklin Iron Works, Inc. and Alabama Castings, LLC (collectively "Franklin Iron"). The firms are partnering with existing management to expand capacity and upgrade equipment to serve growth end markets including power, wastewater, infrastructure and agriculture; Franklin Iron operates two Alabama facilities in Thorsby and Aliceville and employs approximately 145 people.
-
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.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.