Epiris, via Epiris Fund III, has acquired LoneStar Group (LoneStar), a global manufacturer and supplier of fasteners, sealing products, precision-engineered components, and pipeline packages for the world’s industrial and energy markets.Â
Epiris, via Epiris Fund III, has acquired LoneStar Group, a global manufacturer and supplier of fasteners, sealing products, precision-engineered components, and pipeline packages for the world’s industrial and energy markets.
This is the second investment for Fund III following completion of the take-private of Euromoney Institutional Investor plc in November. Financial terms of the deal have not been disclosed.
Headquartered in the West Midlands, UK, LoneStar supplies blue-chip customers worldwide from its manufacturing and distribution sites in the UK, USA and Middle East. Its components are required to perform in extreme environments where the cost of product failure, in both financial and safety terms, can be significant.
Peter Williamson, chairman of Epiris portfolio company Diamorph, will join LoneStar as non-executive chairman.
