Citation Corporation-Navasota Forge
Navasota Forge, acquired by Citation Corporation in 1996 in its purchase of Interstate Southwest Forgings, Inc., is an $85 million manufacturer of forged steel products for the construction, light automotive, aerospace and medium and heavy truck industries. Key products include draw bars, end bits, landing gears, ripper shanks, steering knuckles/arms, tension struts, turbine blades and valve bodies.
Citation Corporation made a strategic decision to divest its forging assets, which contributed less than 10% of its total sales, to focus on its core casting capabilities and reduce debt.
SSG acted as Citation’s exclusive financial advisor in the sale of Navasota Forge to Balmoral Advisors LLC, a Los Angeles-based private equity firm. The Transaction was completed in December 2006.