First Reserve Picks Up Energy Equipment Co. Ameriforge

Law360, New York (November 27, 2012, 1:18 PM EST) -- Energy-focused private equity firm First Reserve Corp. will nab a controlling stake in Ameriforge Group Inc., a manufacturer of products and systems for the gas and power-generation industries, to bolster its equipment portfolio, the buyer said Tuesday.

Financial terms of the transaction were not disclosed. Connecticut-based First Reserve, with $23.1 billion in raised, is widely considered the largest energy-only private equity investor and has inked several deals worth hundreds of millions of dollars.

The transaction lifts Ameriforge ownership from a unit of Houston-based private equity firm...
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