KRG Capital Partners, a Denver-based private equity firm, has completed an investment in Federal Flange, a specialty manufacturer of oilfield hardware including flanges and related comp
KRG Capital Partners, a Denver-based private equity firm, has completed an investment in Federal Flange, a specialty manufacturer of oilfield hardware including flanges and related components and accessories.
KRG completed the acquisition of Federal by bridging the entire transaction with KRG’s fund capital and will be conducting the debt financing of the company post closing.
Federal is the third platform company for KRG’s USD1.96bn Fund IV.
‘We are very excited to be partnering with the management team at Federal to support the growth of this great company,’ says Chuck Hamilton, managing director of KRG Capital. ‘We believe Federal’s unique model will allow it to outperform the energy cycle and take advantage of the continuous need for rapid-response, high quality, specialty manufacturing services in multiple end markets.’
‘KRG’s investment in Federal Flange along with their experience and resources in our industry sector will help us to expand our product offering, support our existing customers and build new relationships,’ says Kevin Lyons, vice president of Federal. ‘Federal plans to continue to enhance its reputation of superior manufacturing with very short lead times and expects to further expand into fast growing markets such as offshore and into new end markets such as nuclear.’
Federal will continue to be managed by Charles Lyons and Kevin Lyons.
