Trinity Forge Recapitalized by Lone Star Investment Advisors
Trinity Forge of Mansfield, Texas, completed a leveraged recapitalization with Lone Star Investment Advisors, a Dallas-based private-equity firm that specializes in leveraged acquisitions and recapitalizations. Trinity Forge is a leading independent manufacturer of closed-die forgings and machined parts. The company was advised by Westlake Securities in the transaction. A leveraged recapitalization is a change in a company’s capital structure that typically substitutes debt for equity. With another company involved, however, the term “leveraged buyout” generally applies.