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Thrust Capital Partners (TCP) has acquired Alphacasting Inc., a Quebec-based manufacturer of titanium and aluminium precision investment castings serving the aerospace and defence industries.
{alcircleadd}Founded in 1991, Alphacasting manufactures high-complexity precision castings using a range of metal alloys, with a primary focus on high-strength aluminium. The company also states that it is the only Canadian foundry with titanium casting capabilities.
Following the acquisition, Louis Marc Pinard, former Chief Operating Officer of AP&C (GE Aerospace), has been appointed as Chief Executive Officer of Alphacasting. He said the company has established a strong position in the precision casting sector and that the focus will be on operational excellence, long-term value creation and sustainable growth.
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Frederik Centazzo, who helped develop the company alongside his father Arduino Centazzo, will remain with Alphacasting as Vice President of Sales & Business Development.
Commenting on the acquisition, Frédéric Loiselle, Partner at TCP, said Alphacasting has become an established supplier within the precision casting industry. He added that, alongside investment, TCP intends to support the company's operational development and future growth in the aerospace and defence market.
The transaction was supported by Norton Rose Fulbright Canada LLP and KPMG LLP as legal and tax advisors to TCP, while Spiegel Ryan LLP and MNP Corporate Finance Inc. acted as legal and financial advisors to the sellers.
Thrust Capital Partners is a Canadian private equity firm focused exclusively on the aerospace and defence supply chain, supporting the growth of small and medium-sized enterprises across Quebec and Canada.
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