M&A Deal Summary

TRM Equity Acquires Elyria Foundry

On February 2, 2021, distressed investor TRM Equity acquired metals/mining company Elyria Foundry

Acquisition Highlights
  • This is TRM Equity’s 1st transaction in the Metals/Mining sector.
  • This is TRM Equity’s 1st transaction in the United States.
  • This is TRM Equity’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-02-02
Target Elyria Foundry
Sector Metals/Mining
Buyer(s) TRM Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Elyria Foundry

Elyria, Ohio, United States
Elyria Foundry provides ductile iron castings up to 200,000 pounds serving a broad set of markets including defense, oil and gas, construction equipment, and mining. Elyria Foundry was established in 1905 and is based in Elyria, Ohio.

Search 201,893 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TRM Equity

Category Distressed Investor
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

TRM Equity is a distressed investor focused on special situation opportunities in the manufacturing sector. The Firm was formed in 2019 and is headquartered in Ann Arbor, Michigan.

DEAL STATS #
Overall 1 of 5
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 5
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Wellman

Creston, Iowa, United States

Wellman is an aerospace supplier known for manufacturing large-scale, complex magnesium and aluminum castings for the defense and commercial aerospace markets and other industrial segments. WDC Acquisition was founded in 1965 and is based in Creston, Iowa.

Buy -
Mergr

Product

Company

Legal