First Reserve Closes Ameriforge Deal
The transaction is one of many energy plays made by a private equity firm in recent weeks
Private equity firm First Reserve Corp. wrapped up its purchase of Ameriforge Group Inc., a manufacturer of products and components used in a variety of industries, including energy, aerospace and transportation.
The target, based in Houston, was put up for sale by Post Oak Companies LP, an affiliate of financial sponsor Tanglewood Investments Inc.
Tanglewood, also based in Houston, hired investment bank Harris Williams & Co. to run the sale process. The team included Hiter Harris, Jeremy Eberlein, Drew Spitzer, Brian Lucas, Luke Semple, Chris Burnham and Eric O’Brien.
Terms of the transaction, which was originally announced in late November, remain undisclosed.
For more coverage on energy deals, see Mergers & Acquisitions' Special Report.
Greenwich, Conn.-based First Reserve, which raised an energy infrastructure fund in 2011 and launched a Hong Kong office, was named 2011 private equity firm of the year by Mergers & Acquisitions.
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