Private Equity Firm Manufacturing

TRM Equity II

Ann Arbor, Michigan, United States

TRM Advisors LP is the manager of the TRM Equity Funds. TRM is a hands-on, operationally intensive middle-market private equity firm focused on control equity investments and restructuring/operational improvement in industrial and manufacturing businesses.

Focus Areas
Metal casting, Ductile iron castings, Large-scale castings

Tracked deals

3

3 tracked deals across 2021-2023.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

TRM Equity II Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for TRM Equity II. 1 2021 1 2022 1 2023

Supporting Data

Recent Transactions

  • TRM Equity Acquires Assets of Innovative Hearth Products
    January 26, 2023
    Buyer
    TRM Equity II (TRM Equity)
    Target
    Innovative Hearth Products
    Industry
    Building Products
    Location
    Alabama, United States
    Type
    Buyout

    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
    Buyer
    TRM Equity II
    Target
    WDC Acquisition LLC (Wellman Dynamics)
    Industry
    Aerospace & Defense
    Location
    Iowa, United States
    Type
    Buyout

    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 Elyria Foundry and Hodge Foundry
    January 25, 2021
    Buyer
    TRM Equity
    Target
    Elyria Foundry, Hodge Foundry
    Industry
    Manufacturing
    Location
    Ohio, United States
    Type
    Buyout

    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.

Related Acquisition Pages

Aerospace & Defense Buyers & Acquisitions 1 tracked deal by TRM Equity II. Building Products Buyers & Acquisitions 1 tracked deal by TRM Equity II. Manufacturing Buyers & Acquisitions 1 tracked deal by TRM Equity II. Acquisitions in Alabama 1 tracked deal by TRM Equity II. Acquisitions in Iowa 1 tracked deal by TRM Equity II. Acquisitions in Ohio 1 tracked deal by TRM Equity II.

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