Forgital Group acquired by Stonepeak

Stonepeak's acquisition of Forgital represents a strategic investment into a market-leading manufacturer of critical aerospace and industrial components. The transaction is underpinned by Forgital's established position as a trusted partner to premier aerospace OEMs and other industrial clients, a reputation built on its commitment to quality, innovation, and reliability. Stonepeak identified a significant growth opportunity within the company, driven by strong, durable long-term demand fundamentals in the commercial aerospace end market. The investment firm intends to leverage its deep expertise in mission-critical infrastructure and industrial growth platforms to support Forgital's next phase of expansion and accelerate its strategic agenda. A key element of this new chapter is the appointment of John Slattery, a seasoned aerospace executive formerly with GE Aerospace and Embraer, as Chairman of the Board. This move signals a clear intent to deepen Forgital's aerospace focus and leverage industry-leading expertise to guide its future growth. The partnership aims to enhance Forgital's capacity to innovate and expand its service offerings for customers in highly demanding, precision-engineered applications globally.

In the past, Forgital Group was acquired by The Carlyle Group in 2019 as part of its expansion strategy.