Announced
Synopsis
JF Lehman & Company, an alternative asset manager, completed the acquisition of majority stake in Wellman Dynamics, a manufacturer of complex structural investment castings for the aerospace, defense, energy, commercial transportation, medical, and industrial markets. Financial terms were not disclosed. "Since its founding more than a century ago, Wellman has established itself as a critical supplier to many of the most prolific aerospace and defense programs due to its differentiated engineering and production expertise. We are excited to partner with TRM and Wellman's leadership team to build upon the Company's strong foundation as a leading provider of highly complex magnesium and aluminum sand castings," Alex Harman, JFLCO Managing Partner.
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