In 2024, Stellex Capital Management, a middle-market private equity firm, acquired McConway & Torley and Standard Forged Products from Arcosa, Inc. The acquisition led to the formation of FerroWorks, which unites McConway & Torley, Kutztown Foundry & Machining, McKees Rocks Forgings, and Standard Forged Products under one corporation.
Stellex announced that the new ownership would accelerate growth through strategic investment, operational excellence, and targeted expansion across complementary markets. David Meyer, a 25-year industry veteran, was appointed CEO, joining a strong, experienced leadership team. Together, they aim to build on more than 150 years of American manufacturing expertise, continuing the legacy of producing high-quality, American-made products for the nation’s most demanding industries.
