Wynnchurch Capital has acquired U.S. Manufacturing Corporation, a manufacturer of extruded products and solutions for a variety of industrial markets. It provides engineering and lean flexible manufacturing processes for products that are characterized by their value, weight reduction and strength.
U.S. Manufacturing Corporation is a manufacturer of highly engineered extruded products and solutions for a variety of industrial markets. It provides innovative engineering and lean flexible manufacturing processes for products that are characterized by their superior value, weight reduction and strength. This is accomplished through its extensive knowledge of cold extrusion processing, its expertise in welding and machining. The company is based in Warren, MI with an additiona facilty in Guanajuato, Mexico (www.usmfg.com).
“We believe USM’s superior products created through its VARI-LITE® process leave the company well positioned for future growth not only in its existing markets but also in a variety of new end markets and geographies. We look forward to supporting Brian and his team as we pursue these strategic initiatives.”
Brian Simon, CEO of USM, said “I am very proud to say my father started this business in 1964 and our family has worked extremely hard to carry on his tradition of customer service and “can do spirit”. We are excited to continue this tradition through our new partnership with Wynnchurch. With their track record, relationships and support, we will continue to build USM into a global, first class business focused on servicing our customers.”
“USM is a thought leader in its industry that has developed a unique, proprietary technology over decades of work. This technology allows its customers to meet ever increasing standards and requirements and serves as a real means of differentiation. We are excited to add USM to our portfolio and help lead this next phase of their growth,“ said Terry Theodore, a Partner with Wynnchurch.
GE Antares Capital served as Administrative Agent and GE Capital Markets served as Lead Arranger and Sole Book Runner on the transaction. William Blair & Company served as financial advisor to Wynnchurch Capital on the financing.
Wynnchurch Capital makes investments of $10 million to $90 million in middle-market companies that have revenues of $5 million to $500 million. Sectors of interest include niche manufacturing, transportation & logistics, business services, value-added distribution, energy and power services, general industrials, and metals & mining. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion. The firm was founded in 1999 and is located in the Chicago suburb of Rosemont with additional offices in Detroit and Toronto (www.wynnchurch.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-1-14