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Transactions / F••••• S•••••••• G••••

J.F. L••••• & Company Completes Acquisition of F••••• S•••••••• G•••• NEW YORK – J.F. L••••• & Company ("JFLCO"), a leading alternative asset manager focused exclusively on the aerospace, defense, government, maritime, ...

Platform acquisitionclosedannounced Mar 2, 2026closed Mar 2, 2026Fact
What happened
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
aerospace_defense / aerospace, defense
Target location
unknown
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
9 named
Buy side
  • B•• H••••••Deal partnerconfirmed
    B•• H••••••, Managing D•••••or at JFLCO, added, “FSG’s expansive forging capabilities, diverse product portfolio, and meaningful available capacity form a compelling and critical solution to the broader aerospace and defense industry’s production requirements.
  • A••• H•••••Deal partnerconfirmed
    “FSG is a uniquely diversified and scaled aerospace forgings platform operating in one of the most technically demanding and capacity constrained segments of the supply chain,” said A••• H•••••, Managing Partner at JFLCO.
  • J.F. L••••• & Company ("JFLCO"), a leading alternative asset manager focused exclusively on the aerospace, defense, government, maritime, environmental and infrastructure sectors, is pleased to announce that investment affiliates, including JFL Equity Investors VI, L.P., have acquired F••••• S••••••
Financing side
  • H•• I••••••••• P•••••••• D••••• L••••••Lenderconfirmed
    Financing for the transaction was led by H•• I••••••••• P•••••••• D••••• L•••••• platform, with Audax Private Debt serving as joint lead arranger.
Advisory side
  • P•••••• W•••••••Financial adviserconfirmed
    G•••••• S•••• and P•••••• W••••••• served as financial advisors to FSG.
  • E•••••••Financial adviserconfirmed
    E••••••• acted as financial advisor to JFLCO and Jones Day served as legal counsel.
  • G•••••• S••••Financial adviserconfirmed
    G•••••• S•••• and P•••••• W••••••• served as financial advisors to FSG.
  • S••••••• M•••••Legal adviserconfirmed
    S••••••• M••••• served as legal counsel to FSG.
Side not stated
  • J.F. L••••• & Company ("JFLCO"), a leading alternative asset manager focused exclusively on the aerospace, defense, government, maritime, environmental and infrastructure sectors, is pleased to announce that investment affiliates, including JFL Equity Investors VI, L.P., have acquired F••••• S••••••
Evidence
J.F. L••••• & Company ("JFLCO"), a leading alternative asset manager focused exclusively on the aerospace, defense, government, maritime, environmental and infrastructure sectors, is pleased to announce that investment affiliates, including JFL Equity Investors VI, L.P., have acquired F••••• S•••••••• G••••, Inc. (“FSG” or the “Company”).