Thrust Capital buys Alphacasting, Canada's only titanium-casting foundry
What's the deal? Thrust Capital PartnersDealroom has a profile for this one. Try Dealroom → (TCP), a Canadian private equity firm focused on aerospace and defence, has acquired AlphacastingDealroom has a profile for this one. Try Dealroom →, a Montreal-based precision investment casting company serving the aerospace and defence sectors. Terms were not disclosed.
What does Alphacasting do? Founded in 1991, it produces high-complexity precision castings using the lost-wax technique across more than 120 alloys. It is the only Canadian foundry with titanium casting capabilities, with a primary focus on high-strength aluminium.
The leadership change: Louis Marc Pinard, former chief operating officer of AP&C (GE AerospaceDealroom has a profile for this one. Try Dealroom →), joins TCP as Alphacasting's new chief executive officer. Frederik Centazzo, who built the company alongside his father Arduino Centazzo, stays on as vice president of sales and business development.
What's the rationale? TCP says it will bring capital and operational expertise to a company it describes as "a partner of choice within the highly strategic precision casting ecosystem," in the words of partner Frédéric Loiselle. Pinard called Alphacasting "a true Quebec industrial champion backed by a loyal global blue-chip customer base."
Why now? TCP is the first Canadian private equity fund dedicated exclusively to the aerospace and defence supply chain. It positions the acquisition as a way to help Quebec and Canadian small and medium-sized enterprises scale into global leaders.
The signal: The deal reflects growing investor appetite for defence-adjacent manufacturing, and highlights the strategic value of rare domestic capabilities—here, Canada's sole titanium casting foundry—as supply chain resilience climbs the agenda.
Read more: Yahoo Finance
Image credit: Generated with Gemini
