H.I.G. Capital Completes Acquisition of Premier Forge Group

H.I.G. Capital, a prominent global alternative investment firm with $75 billion in assets under management, has successfully acquired Premier Forge Group (PFG), a manufacturer specializing in complex forged components for aerospace, defense, and industrial applications. The transaction was completed on June 29, 2026, although the financial terms of the deal remain undisclosed.

Premier Forge Group, headquartered in Portland, Indiana, operates additional facilities in Azusa, California, and Lebanon, Kentucky. Established in 1967, PFG has built a strong reputation for its ability to manufacture highly complex, mission-critical forged components, which are essential for various high-performance applications. The company collaborates with leading original equipment manufacturers (OEMs) and suppliers, providing closed-die, upset, and rolled-ring forgings that meet stringent performance and quality standards.

The strategic rationale behind H.I.G. Capital's acquisition centers on the growing demand for PFG's specialized manufacturing capabilities. With increasing requirements for high-quality components in the aerospace and defense sectors, the partnership aims to bolster PFG's operational capacity and enhance its engineering expertise. H.I.G. Capital's Managing Director, Anthony Chambers, emphasized the company's established reputation as a trusted supplier and the potential for further investment to support PFG's growth trajectory.

The manufacturing sector, particularly in aerospace and defense, is experiencing significant transformation driven by advancements in technology and increasing global competition. As defense budgets expand and aerospace manufacturers seek to innovate, companies like Premier Forge Group are well-positioned to capitalize on these trends. H.I.G. Capital's investment is expected to not only strengthen PFG's capabilities but also contribute to the resilience of the domestic industrial base.

Looking ahead, the acquisition of Premier Forge Group by H.I.G. Capital reflects broader trends in the manufacturing sector, where strategic investments are critical for companies aiming to enhance their competitive edge. As the demand for high-performance, reliable components continues to rise, stakeholders in the aerospace and defense industries may increasingly seek partnerships that facilitate innovation and operational excellence. The collaboration between H.I.G. and PFG is poised to play a pivotal role in meeting these evolving market needs.