“Gypsum Technologies represents another investment by Wynnchurch Capital into the building products space, for which we believe the near and long term fundamentals are quite attractive,” said Frank Hayes, a Partner at Wynnchurch.”
Gypsum Technologies (Gyptech) provides complete turn-key solutions for automated gypsum board plants that convert raw gypsum into finished wallboard. The company was founded in 1993 and is considered one of the top designers, builders and providers of wallboard equipment and services. Gyptech has been responsible for supplying the equipment for the majority of new wallboard production volumes over the last decade. The company is led by CEO Gary Murray and has offices in North America, Europe and South America and is headquartered near Toronto in Burlington, ON (www.gypsumtechnologies.com).
“We are proud to partner with Gyptech, an innovative Ontario company that is a global leader in the wallboard industry. We look forward to working with such an exceptional team to further execute its growth plans,” said Morty White, a Managing Director at Wynnchurch.
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, business and industrial services, energy and power services, logistics, transportation and value-added distribution. 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).
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-20-15