H.I.G. Capital Acquires Premier Forge Group to Bolster Industrial Base

Premier Forge Group, which traces its history back to 1967, operates production sites in Portland, Indiana; Azusa, California; and Lebanon, Kentucky. The company provides complex closed-die, upset, and rolled-ring forgings to original equipment manufacturers. By integrating PFG into its portfolio, H.I.G. Capital intends to leverage its $75 billion in managed capital to accelerate investments in both workforce and operational technology.

Anthony Chambers, Managing Director at H.I.G., noted that the firm plans to support PFG’s existing management team to meet rising demand for high-performance industrial components. PFG CEO Timm Fields stated that the partnership provides the necessary resources to scale production for next-generation aerospace and defense platforms. This acquisition aligns with H.I.G.’s broader strategy of investing in middle-market manufacturing businesses that require specialized engineering expertise and robust quality standards.