Stonepeak Expands Portfolio with Forgital Group Acquisition
Stonepeak to Acquire Forgital Group
Stonepeak, a prominent alternative investment firm specializing in infrastructure and real assets, has recently initiated an agreement to acquire Forgital Group, a leading manufacturer of forged and machine-finished components tailored for aerospace and industrial sectors.
About Forgital Group
Forgital Group, established in the year 1873, has cemented its role in the aerospace supply chain by providing expertly crafted forged and laminated metallic products. The company’s cutting-edge manufacturing technology spans a diverse portfolio of materials, including titanium, nickel alloys, aluminum, and steel. With a well-integrated approach to vertical operations, Forgital ensures comprehensive solutions that range from process engineering to final inspection and assembly.
Industry Position
Forgital actively serves various sectors, including aerospace, defense, space exploration, power generation, and oil & gas markets. This wide-ranging influence has helped the company maintain a robust operational foothold across multiple regions, with facilities located in Italy, France, and the United States.
Strategic Comments from Stakeholders
Conor Sutherland, Managing Director at Stonepeak, expressed enthusiasm regarding the acquisition, noting that "Forgital is a vital player in the global aerospace supply chain, collaborating with leading manufacturers worldwide. Our confidence in the aerospace sector's long-term growth trajectories aligns seamlessly with our commitment to investing in Forgital's strengths." He emphasized the company's esteemed business model and its recognized reputation in producing high-quality products.
Continued Commitment
Meddah Hadjar, CEO of Forgital, acknowledged Carlyle's role in the company's evolution over recent years. He stated, "Partnering with Stonepeak paves the way for Forgital's next growth chapter. Their significant industry insight and operational acumen will enhance our capabilities, allowing us to better serve our customers and the broader supply chain.”
Anticipated Timeline for Completion
The acquisition process is projected to be finalized in the second quarter of 2025, pending the successful completion of regulatory approvals. This strategic move represents a significant step for both Stonepeak and Forgital as they move forward in their respective fields.
About Stonepeak
Stonepeak has established itself as a leader in the alternative investment landscape, managing approximately $70 billion in assets. The firm focuses on sectors such as digital infrastructure, energy transition, transport logistics, and real estate. By adopting a strategic investment approach that emphasizes long-term stability, Stonepeak consistently seeks to create value for its investors and partners.
Global Reach
Headquartered in New York, Stonepeak boasts an extensive operational presence with offices in key global markets, including Houston, London, Hong Kong, and Tokyo. This international reach facilitates the firm's pursuit of growth-focused investments across diverse industries.
About Carlyle
Carlyle is a distinguished global investment firm with comprehensive industry expertise, operating across three core segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $447 billion in assets under management, Carlyle remains dedicated to wise investments that generate substantial value for its stakeholders.
Commitment to Growth
Employing a talented workforce of over 2,300 individuals spread across 29 offices worldwide, Carlyle is committed to enhancing investment opportunities and creating lasting contributions to the communities in which it operates. The firm continues to explore developments that align with its mission to drive growth across diverse economic landscapes.
Frequently Asked Questions
What is the strategic significance of the acquisition?
The acquisition of Forgital by Stonepeak strengthens its position in mission-critical sectors such as aerospace while broadening its investment portfolio.
When is the transaction expected to close?
The transaction is anticipated to conclude in the second quarter of 2025, dependent on regulatory approvals.
What markets does Forgital serve?
Forgital caters to several sectors, including aerospace, defense, space, and oil & gas, supplying advanced forged components.
How does this acquisition benefit Stonepeak?
This acquisition enables Stonepeak to tap into the growing demand for aerospace components and strengthens its portfolio in high-value industries.
What is the global operational footprint of Forgital?
Forgital operates across multiple countries, with facilities situated in Italy, France, and the United States, showcasing its global manufacturing capabilities.
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