Announced
Financials
Tags
Private Equity
high-performance steel
Private
Iron and Steel
Friendly
United States
Acquisition
Single Bidder
Synopsis
Platte River Equity sold PRV Metals, which through its two operating subsidiaries Sierra Alloys and TSI Titanium, is a leading provider of specialty forged titanium and high-performance steel products to the aerospace, defense, medical, energy and industrial sectors, to Tinicum, a private investment firm. Financial terms were not disclosed. CEO of PRV Metals Craig Culaciati said, "Platte River has been an excellent partner for PRV Metals, having supported our business from day one and having invested in initiatives to drive the Company's long-term growth. We thank the Platte River team for its support and partnership over the years. We now look forward to the next chapter of growth with Tinicum."
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