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.
Check out the October 2020 issue of FORGE, featuring our cover story on "Fever Screening and Forging Quality". Other features include "Forging with Hybrid Steel", "FutureForge in Scotland: The Goldilocks Effect", and much more.