M&A Deal Summary

TRM Equity Acquires Wellman

On August 1, 2022, distressed investor TRM Equity acquired aerospace company Wellman from Trive Capital

Acquisition Highlights
  • This is TRM Equity’s 1st transaction in the Aerospace sector.
  • This is TRM Equity’s 2nd transaction in the United States.
  • This is TRM Equity’s 1st transaction in Iowa.

M&A Deal Summary

Date 2022-08-01
Target Wellman
Sector Aerospace
Buyer(s) TRM Equity
Sellers(s) Trive Capital
Deal Type Secondary Buyout

Target

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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Buyer(S) 1

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 2 of 5
Sector (Aerospace) 1 of 2
Type (Secondary Buyout) 1 of 4
State (Iowa) 1 of 1
Country (United States) 2 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 IHP

Nashville, Tennessee, United States

Innovative Hearth Products is a manufacturer of indoor and outdoor fireplaces, fireplace inserts, free-standing stoves, gas log sets, venting products and accessories for the specialty retail, residential new construction and industrial markets. Based in Nashville, Tenn. IHP operates manufacturing facilities in Russellville, Ala., Santa Ana, Calif. and Auburn, Wash.

Buy -

Seller(S) 1

SELLER

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.


DEAL STATS #
Overall 15 of 17
Sector (Aerospace) 3 of 3
Type (Secondary Buyout) 5 of 5
State (Iowa) 1 of 2
Country (United States) 15 of 16
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 BPS Supply Group

Shafter, California, United States

BPS Supply Group is a distributor of industrial pipes, valves, fittings, and engineered products. The company serves a diverse customer base across its 18 branch locations in the United States. In addition to its extensive product portfolio, BPS offers a range of services and custom solutions, including onsite actuation, pipe coating and inspection, and inventory management. BPS Supply Group was formed in 1968 and is based in Shafter, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 Wilson Electronics

St. George, Utah, United States

Wilson Electronics is a wireless communications company focused on designing and manufacturing high-performance cell phone signal boosters. The company's cellular signal boosters overcome the problem of dropped calls, limited range and reduced data rates for cell phones and data cards by amplifying weak cellular signals. It's powerful bidirectional cellular amplifiers provide the highest receiver sensitivity in the industry and protect cell sites by preventing oscillation and overload. Wilson Electronics was formed in 1966 and is based in St. George, Utah.

Buy -