Stonepeak Acquires Forgital Group from The Carlyle Group

Forged Solutions Group Acquires Steel Industries

November 17, 2022

Manufacturing

Forged Solutions Group (a portfolio company of Arlington Capital Partners) has acquired Steel Industries, Inc., a Redford, Michigan-based manufacturer of open die forgings and seamless rolled rings. The acquisition expands FSG's forging capabilities, metals expertise and customer relationships across aerospace, defense, space and industrial end markets and will keep Steel Industries' existing management team in place.

Forged Solutions Group (Arlington Capital Portfolio Company) Acquires Continental Forge

December 9, 2022

Manufacturing

Forged Solutions Group (an Arlington Capital Partners portfolio company) has acquired Continental Forge, a precision near-net shape forging and machining supplier to the military and commercial aerospace industries. The acquisition expands FSG's manufacturing capabilities into precision aluminum forgings and brings Continental Forge's long-standing customer relationships and certifications onto the FSG platform.

Stonepeak Acquires Fleet Companies

November 19, 2024

Transportation

Stonepeak, a New York-based alternative investment firm, has acquired Fleet Companies, a regional trailer dealership and leasing company headquartered in Memphis, Tennessee. Fleet will serve as the seed asset for a national trailer platform Stonepeak plans to build across the U.S.; terms were not disclosed and the deal has closed.

The Carlyle Group Acquires Acrotec Group from Castik Capital

December 7, 2020

Manufacturing

The Carlyle Group has agreed to acquire the Acrotec Group, a Swiss precision engineering and contract manufacturer, from Castik Capital in a deal expected to close in Q1 2021. Carlyle will partner with Acrotec's management to accelerate growth, expand the company's MedTech capabilities and pursue geographic expansion in Europe and the United States.

The Carlyle Group Acquires Majority Stake in Calastone

October 26, 2020

Payments & Fintech

Global investment firm The Carlyle Group has agreed to acquire a majority stake in Calastone from existing shareholders including Octopus Ventures and Accel, with Calastone management retaining a minority stake. The deal (subject to regulatory approval) will support Calastone’s product innovation and international growth, building on its position as a funds network that serves thousands of clients and processes large monthly investment flows.

Stonepeak Completes Acquisition of Air Transport Services Group (ATSG)

November 4, 2024

Transportation

Stonepeak has completed an all-cash acquisition of Air Transport Services Group, Inc. (ATSG) in a transaction valuing the company at approximately $3.1 billion and providing ATSG shareholders $22.50 per share. The deal, first announced on November 4, 2024, received shareholder approval on February 10, 2025, and takes ATSG private under Stonepeak to support the company’s long-term growth in aircraft leasing, air transport operations, and support services.