Wynnchurch Capital Invests in Mid-America Fittings; Add-On Acquisition to Growing Distribution Platform
Middle-market investor, Wynnchurch, has added MAF, a fittings and valve maker, to its growing distribution and manufacturing platform.
ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has completed the acquisition of Mid-America Fittings, Inc. (“MAF”). MAF will be part of a growing distribution platform that includes Anderson Metals, LLC (“Anderson”), Midland Metal Mfg. (“Midland”), and Buchanan Rubber Ltd. (“Buchanan”). The platform is a leading North American distributor of valves, fittings, hoses, couplings, and related products to a variety of end-markets.
“The acquisition of MAF bolsters our capabilities as a leading platform within the specialty distribution and manufacturing arena,” said Vince Hodes, CEO of the platform. “We welcome Scott Shane, CEO of MAF to the team and look forward to leveraging MAF’s industry expertise and unique manufacturing capabilities, which will allow us to become a one-stop-shop solution for our customers’ stock and custom needs.”
“We are thrilled to partner with Vince and Wynnchurch,” said Scott Shane, CEO of MAF. “MAF has a long tradition of providing high quality, custom products, and outstanding customer service. We’re excited to utilize the resources offered by the platform to accelerate customer expansion and grow our world-class product offering.”
Wynnchurch Capital is actively investing from its $1.3 billion Fund IV. In January, Wynnchurch acquired Boss Industries, a leader in power take-off (PTO) and engine driven rotary screw air technology. Other recent Wynnchurch investments include: Infra Pipe Solutions, a leading manufacturer of large diameter, high density polyethylene pipe; Logistik Unicorp Inc., a worldwide leader in managed clothing services and uniform solutions; Critical Process Systems Group, a leading provider of mission-critical engineered solutions for demanding industries and applications; and Team Car Care, the market leader in the quick oil change segment of the “Do-It-For-Me” (“DIFM”) automotive aftermarket.
About MAF:
Founded in 1989 and based in Overland Park, Kansas, MAF is a leading manufacturer of customized, high quality, industrial fittings and valves. The company sells its products to distributors and OEMs within general industrial end-markets. For more information, please visit: http://www.midamericafittings.com.
About Buchanan:
Founded in 1986 and based in Toronto, Canada, Buchanan is a leading distributor of industrial hoses, couplings, and sheet rubber with approximately 8,000 SKUs. The company distributes products to a variety of end-markets including petrochemical/energy, construction, mining, water handling/agriculture, food & beverage, and general industrial. For more information, please visit: http://www.buchananrubber.com.
About Midland:
Founded in 1980 and based in Kansas City, MO, Midland is a distributor with over 13,000 SKUs comprising valves, fittings and related products. The company distributes to general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, power transmission, and other end-markets. For more information, please visit: http://www.midlandmetal.com.
About Anderson:
Founded in 1947 and based in Kansas City, MO, Anderson is a distributor and manufacturer with over 12,000 SKUs comprising valves, fittings, pipe nipples, and related products. The company distributes to plumbing, hardware, industrial, and other end-markets. For more information, please visit: http://www.andersonmetals.com.
About Wynnchurch Capital:
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: http://www.wynnchurch.com.
