UK Forging Supplier FSG Acquires US Heavy Industry Manufacturer Custom Alloy
2026-06-24 16:31
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en.Wedoany.com Reported - Forged Solutions Group Inc. (FSG), a UK-based supplier of high-specification forgings for the aerospace, defense, and space end markets, and a portfolio company affiliated with J.F. Lehman & Co. LLC (JFLCO), has announced the completion of its acquisition of Custom Alloy Corp. (CAC), a US-based manufacturer.

J.F. Lehman, FSG, and CAC logos

CAC is a vertically integrated forging manufacturer headquartered in High Bridge, New Jersey, supplying highly specialized forgings, fittings, and piping to defense and industrial end users. The company is known for its quality control and on-time delivery, and can produce using over 170 alloys. CAC possesses open and closed die forging technologies, along with in-house conversion, machining, heat treatment, and testing capabilities. As a U.S. Navy Level 1 qualified supplier of nuclear forgings and fittings, CAC is a key node in the Navy's supply chain for both underwater and surface programs.

Alex Harman, Managing Partner at JFLCO, stated that the acquisition of CAC will enhance and diversify the FSG platform, particularly with the attractive U.S. naval nuclear business. He believes the company is well-positioned to support the U.S. Navy's fleet modernization efforts, as well as the renewed priority and investment in the shipbuilding supply chain.

Olivier Jarrault, CEO of FSG, noted that the merger enhances FSG's reputation as a supplier of high-specification forgings and provides opportunities for both companies to cross-utilize forging process intellectual property and optimize operational capabilities. He looks forward to supporting CAC's continued growth under FSG.

FSG is a supplier of high-specification forgings serving the aerospace, defense, and space end markets. The company maintains vertically integrated capabilities in rolled rings, closed die forgings, extrusions, and open die forgings across various alloys including nickel, titanium, steel, and aluminum, supporting global OEM and Tier 1 customers. FSG is headquartered in Sheffield, UK, and operates manufacturing facilities in the UK and the US.

Founded in 1992, J.F. Lehman & Co. LLC focuses on investments in the aerospace, defense, government, maritime, environmental, and infrastructure sectors. The firm manages over $9 billion in assets through private equity and credit strategies, with offices in New York and Washington, D.C.

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