Keebles advises on Independent Forgings & Alloys acquisition
We advised Independent Forgings & Alloys (IFA) on the acquisition of Doncasters Precision Forging (DPF) from Doncasters Group.
Operating from its Sheffield headquarters, IFA manufactures high-integrity, open-die forged components for OEMs and tier-one suppliers within the aerospace, nuclear, power generation, marine and oil and gas sectors.
The deal will increase capacity threefold, as well as expanding the combined business’ capabilities. For customers, this will create a one-stop-shop as the only Western forge with open-die, closed-die, ring-rolling, hammer forging and rotary forging located on a single site. IFA itself was acquired by the current management team from Doncasters Group in 2001.
In March 2018, BGF, the UK and Ireland’s most active investor in growing businesses, invested £8.5m in IFA. DPF was identified as a strategic acquisition opportunity as part of the business’s growth ambitions to reach £40m sales.
Michael Hall, Partner at Keebles LLP, said: “We are pleased to have played a role in this strategic acquisition for IFA. The deal is an extremely positive one for all involved and will allow IFA to expand their offering to existing customers as well as opening up significant new opportunities.
“IFA has built an enviable reputation as a leading independent forger and we wish them success as the business moves into a new era with the addition of DPF.”