Daily News: February 27, 2013

Westlake Securities Advises Trinity Forge Recap With Lone Star


Westlake Securities, a Texas-based middle-market investment bank, announced that Trinity Forge has completed a leveraged recapitalization with Lone Star Investment Advisors.

Westlake served as exclusive financial advisor to Trinity Forge on the transaction, led by Westlake’s Dallas-based managing directors Brad Purifoy and Terry Fick. Senior facilities were provided by Comerica Bank – Middle Market Banking Division.

Robert R. Kibby, of Munsch Hardt Kopf & Harr, served as Trinity Forge counsel. Baker & McKenzie represented Lone Star in the transaction, led by Ted Schweinfurth.

Established in 1955, Trinity Forge is an independent manufacturer of closed die forgings and machined parts based in Mansfield, TX. The company’s products are used across many industry sectors including oil & gas, mining, handtools, power generation and industrial equipment.

Lone Star is a Dallas-based private equity firm that specializes in leveraged acquisitions and recapitalizations of strategically viable middle-market businesses with strong potential for growth.

Purifoy commented “The transaction was a win for all parties, providing the company’s shareholders with an excellent exit result, while Lone Star’s vision for and commitment to Trinity paired with the company’s seasoned management team will ensure continued growth of the company’s high quality operation to the benefit of its customers and employees.”

“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.”