Through its Operator-Led Buyout Program, Novastone connects capital with ownership-driven operators to acquire and grow established businesses. Alumistar, an aluminum casting specialist serving aerospace and defense, joins under CEO Bill Balliette.
August 6, 2026 – Novastone Capital Advisors (“NCA”) today announced the acquisition of Alumistar, parent company of Pacific Cast Products and Performance Aluminum Products.
Located in Ontario, California, Pacific Cast Products and Performance Aluminum Products is a leading aluminum alloy casting company serving customers across the aerospace, defense, industrial, and commercial markets. The company specializes in producing high-quality aluminum alloy castings that meet demanding performance, precision, and reliability requirements for industrial and aerospace applications.
Bill Balliette will lead Alumistar as CEO, bringing extensive manufacturing leadership experience to build on the company’s strong foundation while supporting its continued growth.
Christian Malek, Founder and CEO of Novastone Capital Advisors, commented: “Alumistar is a strong business with a well-earned reputation for quality, technical expertise, and long-standing customer relationships. We are excited to partner with Bill as he builds on that foundation, supports the company’s next phase of growth, and continues delivering exceptional value to customers.”
Bill Balliette, CEO of Alumistar, added: “I am excited to leverage my experience leading manufacturing organizations and lead Alumistar into its next chapter, building on the foundation created by the company’s prior ownership group and team. We have worked diligently with our investment partners to build a group of stakeholders who understand the operational realities of manufacturing businesses and bring a valuable perspective as we work to preserve Alumistar’s legacy while pursuing the company’s next phase of growth.”
The transaction was supported by Harney Partners for deal diligence, Smith Hulsey & Busey for legal advisory, UHY for tax diligence, and Avid Bank for financing.
ABOUT NOVASTONE
Novastone is a global investment firm specializing in operator-led buyouts in the lower mid-market. Through its Operator-Led Buyout Program, the firm partners with exceptional executives to acquire, operate, and develop high-quality companies, with a strong emphasis on succession solutions, active ownership, and sustainable value creation. Novastone operates across Europe and North America and has completed 30 acquisitions over the past five years, including 3 successful exits, demonstrating the strength and consistency of its operator-led investment model
