Business asset acquisition · Portfolio-company

Grede U.S. iron casting operations

Transaction overview

Status: Announced

Announcement date:

Exact closing date not established.

American Axle & Manufacturing announced an agreement to sell its U.S. iron casting operations, known as Grede, to funds managed by Gamut Capital Management. The business operated ten manufacturing facilities producing castings and machined components. The agreement does not establish an actual closing date.

Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.

Source evidence

  1. AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management ↗

    Gamut Capital Management (reproducing American Axle & Manufacturing announcement) · Published Sep 18, 2019

    American Axle & Manufacturing announced an agreement to sell its U.S. iron casting operations, known as Grede, to funds managed by Gamut Capital Management. The business operated ten manufacturing facilities producing castings and machined components. The agreement does not establish an actual closing date.

Grede U.S. iron casting operations · RIA Monitor