Trinity Forge

The following press release was sent to local DFW media, but we wanted to share it with all of our customers.

 

Since the birth of Trinity Forge, the Forman and Withers families have been the principal owners of Trinity Forge.  In consideration of the age range of the seven, second generation family members, the conclusion was reached in 2011 that it was time to recapitalize the business.  We are very pleased with the new relationship with Lone Star Investment Advisors of Dallas, Texas, as noted below. We believe that their financial strength can continue to power Trinity Forge forward.

 

FOR IMMEDIATE RELEASE
Trinity Forge Poised for Growth with Lone Star Investment Advisors
Mansfield, TX, USA
February 20, 2013
Contact: Dennis Withers


Lone Star Investment Advisors ("Lone Star") is pleased to announce the majority recapitalization of Trinity Forge, Inc. ("Trinity Forge" or "the Company"). Trinity Forge, founded in 1955 and headquartered in Mansfield, Texas, is a leading manufacturer of closed-die forgings and machined parts. The Company's products are used in the oil and gas, mining, hand tool, power generation, and industrial equipment industries.

Senior facilities were provided by Comerica Bank- Middle Market Banking Division.  Baker & McKenzie LLP represented Lone Star in the transaction, led by Ted Schweinfurth as lead counsel.  Robert R. Kibby of Munsch Hardt Kopf & Harr, P.C served as Seller's counsel.  Westlake Securities, Brad Purifoy and Terry Fick, served as financial advisor to the sellers of Trinity Forge.

"A highly customized product offering and reputation for superior service enabled Trinity Forge to build an outstanding customer base," stated Arthur Hollingsworth, Managing Partner of Lone Star. "The Company is poised for growth, and we are excited to support Dick Johnston and the rest of the management team as they expand into new markets."

"The management team at Trinity Forge is pleased to join forces with Lone Star," commented Dick Johnston, President of Trinity Forge. "We are eager to pursue new avenues of growth while preserving the pillars of our success: value, service, and integrity."

"Financing Lone Star’s acquisition of Trinity Forge was a great opportunity for Comerica Bank on several fronts.  We were able to support an existing bank client realize one of its key strategic initiative as well as expand our strong relationship with Lone Star Investment Advisors.  We have a high degree of confidence in the management team in place at Trinity Forge, and believe that the partnership with Lone Star is one that favorably positions the company for continued success in the future," stated Corey R. Bailey, Senior Vice President.

“We were impressed with the ability of Lone Star Investment Advisors to efficiently execute a close of our transaction in a tight time frame.  They had a positive commitment to Trinity Forge and effectively delivered on that commitment,” stated Dennis Withers Trinity Forge CEO Emeritus.




Trinity Forge offers to forge and machine parts from a few ounces to 100 pounds

Trinity Forge, Inc. | 947 Trinity Drive, Mansfield, Texas 76063
Phone: 817.473.1515 | Fax: 817-473-6743
www.trinityforge.com
Contact us at sales@trinityforge.com

Unsubscribe | Forward to a friend