Private Fund Group of Credit Suisse Securities. Pro. Houston-based Stainless Adapters (SAI) supplies stainless steel hydraulic adapters and pipe fittings to companies operating in the oil & gas, agriculture, automotive, marine, and general industrial sectors. Rosemont, IL – July 1, 2020 — Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today that Michael Salgat has joined the firm as a Managing Director focused on operations and portfolio management, and Jerry Gao has joined as a Senior Associate. Wynnchurch Capital serves clients in the United States and Canada. Private-equity firms have attracted more investment dollars in recent years because their average double-digit returns have stood out compared with many other lower-yielding asset classes. Wynnchurch Capital, Ltd. operates as a private equity firm. We look forward to partnering with Walt, Joe and their teams,” said Greg Gleason, a partner at Wynnchurch. Midland Industries, a portfolio company of Wynnchurch Capital since January 2018, has completed the add-on acquisition of Stainless Adapters. In 2007, the company moved to its current headquarters near Houston in Cleveland, Texas. Joffrey nixes 'Nutcracker,' Lyric cancels 2020 slate, A 19th-century rowhouse gets a 21st-century revamp, Avli, a new Greek spot in River North: Our review. Missing Crain's in print? The pain of Chicago's 2021 budget will outlast the year, One thing Chicago can't afford in this budget cycle: Panic, 50 reasons to feel cautiously optimistic about Chicago, What to watch for on Election Day, Illinois, These big names are collecting big bucks for Biden, This explains why Pritzker's 'fair tax' idea is getting so much pushback, Boeing's best shot at changing the narrative, Illinois gets highest-ever ranking on technology and innovation list, Uptake expands deal with Warren Buffett's wind companies. Some firms have been wary of paying the higher prices because the more than decade-long U.S. economic expansion has exceeded the length of prior upswings and some expect a downdraft soon, potentially undercutting valuations. Wynnchurch capital is a leading middle-market private equity firm with a North American geographic focus, specializing in complex transactions. Wynnchurch is actively seeking investment opportunities for its new fund. Building a Healthy, Resilient Workforce, Wynnchurch has posted above-average returns in the past with its strategy of buying mainly, As a result, more firms in Chicago—which, like Wynnchurch, tend to buy middle-market companies—have. $4.2 B committed capital under management Average investment from $25M–$1B in revenues “We are excited about the opportunities available through partnering with Penn Machine to better serve our current customers and to accelerate our growth plan.”. Experience. Wynnchurch has posted above-average returns in the past with its strategy of buying mainly distressed old-line industrial businesses, including units carved out of larger corporations. In January 2020, Wynnchurch closed its fifth private equity fund, Wynnchurch Capital Partners V LP, with $2.28 billion of committed capital. Wynnchurch Capital. Nonetheless, Wynnchurch has been steadily putting its money work.
Wynnchurch Capital has acquired the assets of Western Forge & Flange. Asked about how Wynnchurch raised a fund that was so much larger than its fourth fund in such a short time, Managing Partner John Hatherly said, “We have a great team and we have a great track record of top quartile performance.”. Founded in 1999, Wynnchurch Capital is a private equity firm with more than $4 billion in committed capital under management. Will Boeing launch a new jet? Salary Ranges and Breakdown $4.2 B committed capital under management Average investment from $25M–$1B in revenues Chicago-based private equity firm Wynnchurch Capital Ltd. acquired Warren-based U.S. Manufacturing Corp., a supplier of truck and trailer axle components, for $270 million in June 2014. Chicago private-equity firm Wynnchurch Capital has raised a new $2.28 billion fund that is almost twice as big as its prior fund closed six years ago. Compare more salaries for Wynnchurch Capital at Paysa.com. The firms aim to buy and sell companies within a 10-year period to deliver returns to their investors. Wynnchurch Capital, L.P. 6250 North River Road Suite 10–100 Rosemont, IL 60018. Need-to-know stories from Crain's and around the web.
The Company focuses on manufacturing, transportation, logistics, business services, value-added distribution, energy and power services, general industrials, metals, and mining sectors. The new fund, which began its marketing in September 2019 with a target of $1.6 billion, was oversubscribed and closed at its hard cap. Or tell us on our Facebook page or on Twitter, @CrainsChicago. There is a right and a wrong in the universe, and that distinction is not hard to make. Monday, Wednesday and Friday at 5:30 a.m. We provide capital, connections, expertise and experience to help middle-market companies write the next chapter of their growth story. What's Ken Griffin's endgame in his push against Pritzker's ‘fair tax'? Wynnchurch makes investments in middle-market companies that have revenues of $50 million to $1 billion. The firm said in a statement that new and existing investors, including state and corporate pensions, sovereign wealth funds, endowments, insurance companies, and family offices, contributed to this fifth fund, which closed in five months.
Prior to founding Highland, Chris spent several years at Alvarez & Marsal in the Private Equity & Corporate Restructuring Groups, as well as Wynnchurch Capital. June 30, 2020 Wynnchurch Capital Announces New Hires. Wynnchurch was founded in 1999 and is headquartered in the Chicago suburb of Rosemont with additional offices in Los Angeles (El Segundo), and Toronto. Wynnchurch capital is a leading middle-market private equity firm with a North American geographic focus, specializing in complex transactions.
We assisted Calvert Street Capital Partners in pursuing the acquisition of a growing NDT business through a competitive auction process. Rosemont, IL 60018
Why not ask major grocers to consider personalized pricing? Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. The operations of Western will join with Pennsylvania Machine Works, which Wynnchurch acquired in February 2020, under a single platform. The best source in Chicago for exclusive commercial real estate news. “We are excited about Fund V and how our team is positioned today to invest with the same value-oriented and operationally focused strategy we have developed and refined over the last 20 years,” said Chris O’Brien, a managing partner at Wynnchurch.
The last time the firm raised a fund was in 2014 when it landed $1.2 billion. Ben Cherry joined Wynnchurch in 2018. Suite 10-100
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