Exited

IFA

Automotive & Aerospace

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Yorkshire & North East

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Growth

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2018 - 2025

Independent Forgings and Alloys (IFA) is a fully integrated, single-site forging, machining and testing business. It provides mission-critical components to a range of industries, including aerospace, defence, and power generation.

We originally backed IFA in 2018, to support the continued expansion of its manufacturing capabilities and go-to-market strategy. During our investment period, the business more than doubled its annual revenues, significantly increased the footprint of its production facilities (via the acquisition of Doncasters Precision Forge), and established itself as one of the leading suppliers of open and closed die forgings to the global aerospace industry.

We exited our investment in IFA in 2025, generating strong returns, when US private equity firm Trive Capital acquired a majority stake in the business. IFA’s existing senior management team re-invested as part of the deal, and continues to lead the business in this next stage of its growth journey.

“We’ve had a great journey over the past seven years with BGF. Their support and long-term, patient capital model has helped us navigate the evolving global aerospace supply chain and given us the platform to execute our ambitious growth strategy.”

Andy McGuinness
Founder & CEO of IFA

Looking for funding?

We’ve already helped hundreds of ambitious businesses in the UK and Ireland to accelerate their growth. If you’re looking for a minority investment partner that can provide long-term, flexible funding and support, please get in touch with our team today.

Introduce yourself

IFA

“We’ve had a great journey over the past seven years with BGF. Their support and long-term, patient capital model has helped us navigate the evolving global aerospace supply chain and given us the platform to execute our ambitious growth strategy.”

Looking for funding?

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