What is AFGlobal Corporation?
Founded in 1996 and headquartered in Houston, Texas, AFGlobal Corporation is a privately-held manufacturer specializing in iron and steel forgings. The company's extensive product portfolio includes engineered components such as drilling risers, gas turbine components, subsea components, skids, plets, plems, production riser components, BOP assemblies, buoyancy modules, and individual parts. This diverse range of offerings positions AFGlobal as a key player in supplying critical components to various industrial sectors, leveraging its manufacturing expertise to meet complex engineering demands.
How much funding has AFGlobal Corporation raised?
AFGlobal Corporation has raised a total of $120M across 1 funding round:
Private Equity
$120M
Private Equity (2017): $120M with participation from The Carlyle Group
Key Investors in AFGlobal Corporation
The Carlyle Group
The Carlyle Group is a global investment firm specializing in private equity with operations across North America, Europe, Asia, Australia, the Middle East, Africa, and Latin America. Founded in 1987, the company manages numerous funds focused on four primary investment disciplines: buyouts, venture and growth capital, real estate, and leveraged finance. Carlyle maintains a worldwide presence with offices in multiple countries, enabling the firm to identify and pursue diverse investment opportunities across various markets and sectors. The company's investment strategy combines international perspective with regional expertise to create value for its portfolio.
What's next for AFGlobal Corporation?
The recent major strategic investment signals a pivotal moment for AFGlobal Corporation, likely indicating a phase of accelerated growth and expansion. This capital infusion is expected to fuel advancements in product development, enhance manufacturing capabilities, and potentially broaden market reach. As a company with a long-standing history in specialized forging, this strategic backing suggests a forward-looking approach to capitalize on emerging opportunities within the industrial and energy sectors, reinforcing its commitment to innovation and operational excellence.
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