Trm Equity Acquires Wellman Dynamics
08/03/22, 5:31 PM
Location
san franciscoIndustry
financial services
information technology
payments
software
TRM Equity II ("TRM"), the Michigan based private equity fund, has acquired all of the equity of WDC Acquisition LLC, known by its trade name Wellman Dynamics ("Wellman"). The Company, located in Creston, Iowa, is an aerospace supplier known for manufacturing large scale, complex magnesium and aluminum castings for the defense and commercial aerospace markets. The sale closed July 29th, 2022. Wellman has been around for 100 years and has been a long-standing member of the Creston, Iowa community since 1965. Approximately 350 people are employed at Wellman.
Company Info
Location
San Francisco, California, United States
Company info
TRM provides blockchain intelligence to help financial institutions, cryptocurrency businesses and public agencies detect, investigate and manage crypto-related fraud and financial crime. TRM's risk management platform includes solutions for cryptocurrency anti-money laundering (AML), transaction monitoring and wallet screening, entity risk scoring including Know-Your-VASP, and transaction tracing for investigations. These tools enable a rapidly growing cohort of organizations around the world to safely embrace cryptocurrency-related transactions, products, and partnerships. TRM is based in San Francisco, CA and is hiring across engineering, product, sales, and data science. To learn more, visit www.trmlabs.com.