TRM Equity Acquires Wellman Dynamics
July 29, 2022
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.
- Buyers
- TRM Equity II
- Targets
- WDC Acquisition LLC (Wellman Dynamics)
- Industry
- Aerospace & Defense
- Location
- Iowa, United States
- Transaction Type
- Buyout
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