TerraSource Global, a provider of services for natural resource recycling, material handling, product classification and liquid/solid separation under its brands Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher and Elgin Separation Solutions, has purchased Peninsula Iron Works.

Peninsula Iron Works, based in Portland, Ore., and founded in 1917, has experience in refurbishment, rebuilding and parts manufacturing for capital equipment and large assemblies across the mining, metal products/fabrication, steel recycling/making, building products and industrial equipment industries. Services include new builds from in-house or customer designs, value-add and refurbishments, maintenance,and repair on new or previously repaired work, and contracted services for manufacturing large components.

Meridian Capital advised Peninsula Iron Works in the transaction.