TRM Equity completed the acquisition of Wellman Dynamics.

TRM Equity, a private equity firm, completed the acquisition of Wellman Dynamics, aerospace supplier known for manufacturing large scale, complex magnesium and aluminum castings for the defense and commercial aerospace markets. Financial terms were not disclosed. "Due to Wellman's unique capabilities and status as a critical supplier, the customer base has been very supportive during the last few years in a challenging environment. Very significant investments have been made to modernize the facility and to support new defense programs since 2018. We are excited to have the opportunity to bring our foundry experience to the business. As a result of this transaction, Wellman is fortunate to have a strong balance sheet as it comes out of the post-Covid/extreme tight labor environment. These challenges are not unique to Wellman, but given its unique set of attributes and the situational benefits previously referenced, we are confident its performance will differentiate it in the years to come," Jeffrey Stone, TRM Managing Director.