Stellex Capital Management to Acquire Foundry and Forge Platform from Arcosa, Inc., Set for New Chapter
Stellex Capital Management, a middle-market private equity firm, has announced a definitive agreement to acquire McConway & Torley (M&T) and Standard Forged Products (SFP) from Arcosa, Inc. (NYSE: ACA). The acquisition is expected to close in Q3. The Company, based in Pittsburgh, PA, has been operating since 1869, producing cast, forged, and machined products for rail and industrial customers across three facilities.
As an independent entity, the Company aims to accelerate growth through organic and acquisitive opportunities. David Meyer, a 25-year industry veteran, has been named CEO and will work with the existing management team. The acquisition aligns with Stellex's strategy of applying operational expertise to drive growth in critical manufacturing sectors and reinforces their commitment to the Pittsburgh region.
Stellex Capital Management, una società di private equity di medie dimensioni, ha annunciato un accordo definitivo per acquisire McConway & Torley (M&T) e Standard Forged Products (SFP) da Arcosa, Inc. (NYSE: ACA). Si prevede che l'acquisizione si completi nel terzo trimestre. La società, con sede a Pittsburgh, PA, è attiva dal 1869 e produce prodotti fusi, forgiare e macchinati per clienti ferroviari e industriali in tre strutture.
Come entità indipendente, la società mira ad accelerare la crescita attraverso opportunità organiche e di acquisizione. David Meyer, esperto del settore con 25 anni di esperienza, è stato nominato CEO e lavorerà con il team di gestione esistente. L'acquisizione è in linea con la strategia di Stellex di applicare competenze operative per guidare la crescita in settori manifatturieri critici e rafforza il loro impegno verso la regione di Pittsburgh.
Stellex Capital Management, una firma de capital privado de mercado medio, ha anunciado un acuerdo definitivo para adquirir McConway & Torley (M&T) y Standard Forged Products (SFP) de Arcosa, Inc. (NYSE: ACA). Se espera que la adquisición se cierre en el tercer trimestre. La empresa, con sede en Pittsburgh, PA, ha estado operando desde 1869, produciendo productos fundidos, forjados y mecanizados para clientes ferroviarios e industriales en tres instalaciones.
Como entidad independiente, la empresa tiene como objetivo acelerar el crecimiento a través de oportunidades orgánicas y adquisitivas. David Meyer, un veterano de la industria con 25 años de experiencia, ha sido nombrado CEO y trabajará con el equipo de gestión existente. La adquisición se alinea con la estrategia de Stellex de aplicar experiencia operativa para impulsar el crecimiento en sectores manufactureros críticos y refuerza su compromiso con la región de Pittsburgh.
스텔렉스 캐피탈 매니지먼트(Stellex Capital Management), 중형 사모펀드 회사가 맥콘웨이 & 토를리(McConway & Torley, M&T)와 스탠다드 포지드 제품(Standard Forged Products, SFP)을 아코사(Arcosa, Inc., NYSE: ACA)로부터 인수하기 위한 최종 계약을 발표했습니다. 인수는 3분기에 종료될 것으로 예상됩니다. 피츠버그(PA)에 본사를 둔 이 회사는 1869년부터 운영되고 있으며, 세 개의 시설에서 철도 및 산업 고객을 위한 주조, 단조 및 기계 가공 제품을 생산하고 있습니다.
독립된 개체로서, 이 회사는 유기적 및 인수 기회를 통해 성장을 가속화하는 것을 목표로 하고 있습니다. 25년의 업계 경험을 가진 데이비드 마이어(David Meyer)가 CEO로 임명되어 기존 경영팀과 협력하게 됩니다. 이번 인수는 스텔렉스의 전략과 일치하여 중요한 제조 분야에서 성장을 촉진하기 위한 운영 전문성을 적용하고 피츠버그 지역에 대한 그들의 약속을 강화합니다.
Stellex Capital Management, une société de capital-investissement de taille intermédiaire, a annoncé un accord définitif pour acquérir McConway & Torley (M&T) et Standard Forged Products (SFP) d'Arcosa, Inc. (NYSE: ACA). L'acquisition devrait être finalisée au troisième trimestre. L'entreprise, basée à Pittsburgh, PA, est en activité depuis 1869 et produit des produits moulés, forgés et usinés pour des clients des secteurs ferroviaire et industriel sur trois sites.
En tant qu'entité indépendante, l'entreprise vise à accélérer sa croissance grâce à des opportunités organiques et d'acquisition. David Meyer, un vétéran de l'industrie avec 25 ans d'expérience, a été nommé PDG et travaillera avec l'équipe de direction existante. Cette acquisition s'inscrit dans la stratégie de Stellex d'appliquer une expertise opérationnelle pour stimuler la croissance dans des secteurs de fabrication critiques et renforce leur engagement envers la région de Pittsburgh.
Stellex Capital Management, eine Private-Equity-Firma im mittleren Marktsegment, hat eine endgültige Vereinbarung zur Übernahme von McConway & Torley (M&T) und Standard Forged Products (SFP) von Arcosa, Inc. (NYSE: ACA) angekündigt. Die Übernahme soll im dritten Quartal abgeschlossen werden. Das Unternehmen mit Sitz in Pittsburgh, PA, ist seit 1869 tätig und produziert gegossene, geschmiedete und bearbeitete Produkte für Kunden im Schienen- und Industriesektor an drei Standorten.
Als unabhängige Einheit verfolgt das Unternehmen das Ziel, das Wachstum durch organische und akquisitorische Möglichkeiten zu beschleunigen. David Meyer, ein Branchenveteran mit 25 Jahren Erfahrung, wurde zum CEO ernannt und wird mit dem bestehenden Management-Team zusammenarbeiten. Die Übernahme passt zur Strategie von Stellex, operative Expertise zur Förderung des Wachstums in kritischen Fertigungssektoren einzusetzen, und bestärkt ihr Engagement für die Region Pittsburgh.
- Acquisition provides opportunity for accelerated growth and expansion
- Experienced industry veteran David Meyer appointed as CEO
- Company has a long-standing history of 150+ years in operation
- Potential for vertical and lateral growth opportunities
- Divestiture of assets by Arcosa Inc. (NYSE: ACA)
- Potential integration challenges as the Company becomes independent
Insights
The acquisition of McConway & Torley and Standard Forged Products by Stellex Capital Management from Arcosa, Inc. is a strategic move in the manufacturing sector. While financial details are not disclosed, this transaction could be value-accretive for Arcosa by allowing it to focus on core operations. For Stellex, it represents an opportunity to leverage a 150-year-old business with established capabilities in cast, forged and machined products.
The appointment of industry veteran David Meyer as CEO signals Stellex's intent to drive growth and potentially expand market share. Investors should watch for future announcements on organic growth initiatives and potential bolt-on acquisitions, which could enhance the company's value proposition in the rail and industrial sectors.
This acquisition highlights a trend of private equity firms investing in traditional manufacturing businesses with potential for modernization and growth. The foundry and forge sector, while mature, remains critical to infrastructure and transportation industries. Stellex's focus on operational expertise and growth through both organic and acquisitive means could revitalize this long-standing business.
The transaction also underscores the importance of the Pittsburgh region in the manufacturing landscape, with Stellex opening a local office in 2022 and now making its second investment in the area. This regional focus could lead to synergies and local economic benefits, potentially attracting further investment to the area's industrial sector.
Industry veteran David Meyer to join experienced management team in driving growth
Based in
“We see tremendous potential in the Company’s capabilities and are committed to investing in its future,” said Michael Livanos, Managing Director at Stellex. “This acquisition aligns with our strategy of applying operational expertise in an effort to drive growth in critical manufacturing sectors. Additionally, it reinforces our dedication to the
In conjunction with the transaction, Stellex named 25-year industry veteran David Meyer as CEO of the Company. He will work closely with the Company’s existing, long-tenured management team. Mr.
Proskauer Rose acted as legal counsel for Stellex.
About Stellex Capital Management LLC
With offices in
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Source: Stellex Capital Management LLC
FAQ
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