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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.

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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 M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2021 M&A 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.

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