M&A Deal Summary

Forged Solutions Group Acquires Steel Industries

On November 17, 2022, Forged Solutions Group acquired metals/mining company Steel Industries

Acquisition Highlights
  • This is Forged Solutions Group’s 2nd transaction in the Metals/Mining sector.
  • This is Forged Solutions Group’s 1st transaction in the United States.
  • This is Forged Solutions Group’s 1st transaction in Michigan.

M&A Deal Summary

Date 2022-11-17
Target Steel Industries
Sector Metals/Mining
Buyer(s) Forged Solutions Group
Deal Type Add-on Acquisition

Target

Steel Industries

Redford, Michigan, United States
Steel Industries is a vertically integrated manufacturer of open die forgings and seamless rolled rings for aerospace and defense, space, and industrial markets. Steel Industries was founded in 1913 and is based in Redford, Michigan.

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Buyer(S) 1

Buyer

Forged Solutions Group

Matlock, United Kingdom

Category Company
Founded 2019
Sector Manufacturing
DESCRIPTION

Forged Solutions Group is a manufacturer of the complex, precision-forged ring and closed die products primarily for OEM and Tier 1 aerospace & defense engine customers. Forged Solutions Group was founded in 2019 and is based in Matlock, United Kingdom.


DEAL STATS #
Overall 3 of 4
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Firth Rixson Forgings

Matlock, United Kingdom

Firth Rixson Forgings Ltd. is a manufacturer of metal products. Firth Rixson Forgings is based in Matlock, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Continental Forge

Compton, California, United States

Continental Forge is a provider of precision forged and machined solutions to the military and commercial aerospace industries. The Company specializes in precision forgings utilizing a variety of aluminum alloys and is a key supplier of aerospace components to blue-chip customers. With decades of forging expertise, it has built a long-standing reputation for the quality, reliability, and performance of its products. Continental Forge was formed in 1968 and is based in Compton, California.

Buy -