Parmar Capital acquired Reliance Foundry Co. Ltd from Neenah Enterprises, Inc. in 2023. Fidus Partners, LLC served as exclusive financial advisor to Reliance Foundry Co. Ltd., a wholly-owned subsidiary of Neenah Enterprises, Inc. and its parent company Charlotte Pipe and Foundry Company, Adam Dlin of Stikeman Elliott LLP acted as legal advisor to Parmar Capital in it's acquisition of Reliance Foundry Co. Ltd.

Parmar Capital completed the acquisition of Reliance Foundry Co. Ltd from Neenah Enterprises, Inc. in 2023.