Emory & Co. acted as the financial advisor to Milwaukee-based W.T. Walker Group, Inc. in the sale of its Walker Forge Tennessee, LLC subsidiary to Bharat Forge Ltd.
Walker Forge Tennessee is a Surgoinsville, Tennessee-based manufacturer of complex, steel and high-alloy steel engine & chassis components for a diverse group of customers across Automotive & Industrial sectors. India-based Bharat Forge is the largest exporter of auto components from India and the leading chassis component manufacturer in the world, with more than $1 billion (U.S. dollars) in revenue.
“The acquisition of Walker Forge Tennessee creates a strategic manufacturing footprint in North America to leverage our existing customer relationships while simultaneously enabling the company to address new end market segments and broaden the product portfolio,” said Baba Kalyani, Chairman and Managing Director of Bharat Forge.
“Bharat Forge was the best strategic acquirer,” said John Emory Jr., President of Emory & Co. This provides Bharat an established U.S. footprint with the workforce and equipment to drive growth.
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