FORT WORTH, Texas, June 6, 2017 /PRNewswire/ -- P4G Capital Partners ("P4G Capital") announced today that it has acquired the assets of Fore Machine Company, Inc. ("Fore Machine", www.foremachine.com) and Aero Components, Inc. ("Aero Components", www.aero-components.com). Based in Haltom City, TX, Fore Machine provides high precision machining as well as coating/bonding, metal processing and assembly for manufacturers in the aerospace and defense sector. Based in Fort Worth, TX, Aero Components offers certified ISO 9001, 2000 and AS9100 bonding, NADCAP coating/bonding, metal processing and assembly for manufacturers in the aerospace and defense sector.
"We are very excited to partner with P4G Capital during our next phase of growth," said Gary Fore, Chief Executive Officer of Fore Machine who will become the CEO of the combined operations. "The partners at P4G know our business well and share our vision for quality and unparalleled customer service."
The management teams of both companies will be staying on and rolling a significant portion of their proceeds into the new entity as the companies expand their operations to provide even better response times, quality, and service to their customers with enhanced capabilities and even more control over chemical processes.
"I couldn't have found a better or more supportive partner than P4G," said Jon Williams, Jr. who was looking for a true hands-on partner as he led the transition of his family business to NADCAP certified capabilities.
"Fore Machine and Aero Components represent the perfect first investment for our new platform," said Rachel Lehman, Managing Director of P4G Capital. "We're excited to be working side-by-side with these amazing companies and the fantastic people that make these companies great."
NewSpring Capital and Southfield Mezzanine Capital provided financing for the transaction.
About P4G Capital
P4G Capital is a San Francisco based private equity firm founded by operators-turned-investors with a long history of partnering with management teams to create value. Partnering with fellow entrepreneurs, P4G focuses on the lower end of the middle market, providing capital, resources, and deep operational expertise to fuel extraordinary growth.
CONTACT: Shamus Dailey, (415)510-2157, [email protected]
SOURCE P4G Capital Partners