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PWP Growth Equity invests in Alloy Die Casting

PWP Growth Equity, the middle-market private equity group of Perella Weinberg Partners LP, invested an undisclosed amount in Alloy Die Casting Co.

Alloy Die specializes in offering turnkey casting, machining and other value-added solutions for short-run, high-complexity components for the aerospace, defense, medical, automotive and industrial segments. It will use the capital to further invest in people and equipment.

In connection to the transaction, Alloy Die President and CEO Rick Simpson, PWP Operating Partner Dan Leever, PWP co-Founder and Partner David Ferguson, and PWP Managing Director John McKee joined the Alloy Die board.

Prestwick Advisors was financial adviser to Alloy Die and former majority owners Gladstone Investment Corp. and Gladstone Capital Corp.