Leading UK-based private equity firm Epiris has acquired LoneStar Group, a global manufacturer and supplier of high-performance bolting solutions, sealing products and precision-engineered components, of which TripleFast Middle East is a member
This major investment recognises the tremendous growth opportunities the organisation has as it continues to capitalise on its marketing-leading position and expand its worldwide footprint.
With the backing of Epiris, LoneStar is well-positioned for global expansion, providing its wealth of globally recognized blue-chip customers with essential components from manufacturing and distribution sites in the Middle East, UK and USA. The acquisition comes at a crucial time, as the demand for LoneStar’s precision-engineered components from the traditional and emerging renewable energy sectors continues to grow.
Peter Williamson has joined as non-executive chairman. He has significant experience in chairing successful private equity-financed manufacturing and engineering businesses.
Richard Pickles has been appointed as the new Group CEO, bringing a wealth of experience and a proven track record in international industrial manufacturing and distribution businesses and in business development in new geographical, industrial and product markets. His focus will be on building upon the existing strength of LoneStar Group brands by driving growth in its core business and in new markets.
Established in 2002, TripleFast Middle East is a member of LoneStar Group and is the regional headquarters for the group’s operations in the Middle East, North Africa and Asia Pacific (MENA APAC). Located in the United Arab Emirates, TripleFast Middle East’s 15,000 sq. m facility is located in Jebel Ali Free Zone in Dubai and is ISO 9001:2015, ISO 14001 and ISO 45001 accredited. This facility acts as a supply hub to other LoneStar sites within the region, including Singapore, Australia, China and India.
