HIG Capital has completed the purchase of Premier Forge Group, a specialist in mission-critical forged components. The company operates out of Portland, Indiana, and provides parts for the defense, aerospace, and specialty industrial sectors. This acquisition shifts ownership from the previous owner, Wynnchurch Capital.

Premier Forge Group maintains a footprint across three states to support its manufacturing needs. While the main operations are in Indiana, the firm also runs facilities in Azusa, California, and Lebanon, Kentucky. These locations allow the manufacturer to serve diverse industrial clients across the United States.

Founded in 1967, the company has decades of experience producing complex parts for highly regulated industries. Timm Fields leads the organization as CEO. This deal marks a strategic move for HIG Capital to secure a foothold in the aerospace and defense supply chain.

The transaction removes Wynnchurch Capital from the cap table and places a long-standing industrial manufacturer under new private equity management. This move consolidates a business with over 50 years of operational history in the forging sector.