Here Comes Wynnchurch Industries
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Here Comes Wynnchurch Industries

wynmchurch nf2Wynnchurch Capital has formed Wynnchurch Industries, a new platform company that will invest in and acquire industrial materials companies.

Wynnchurch Industries will use a “buy, grow, and hold” strategy and target companies with $5 million to $15 million in EBITDA. The new platform – based in the Detroit suburb of Bloomfield – will be led by Grant Beard as Chairman and CEO.

grant beard nf1Beginning in 2011, Mr. Beard served as Chairman and then later took on the CEO position of Wolverine Advanced Materials, a subsidiary of Wolverine Automotive Holdings, which is a former Wynnchurch portfolio company. Mr. Beard led the sale of the company in October 2015 to ITT Corporation for $300 million.

Mr. Beard has broad operations and acquisition experience including time as President and CEO of Constar International – a supplier of rigid plastic packaging products used in the food and beverage industries – which he joined in 2010. Mr. Beard led the take private of Constar through a bankruptcy proceeding in 2011 which resulted in its acquisition by Black Diamond Capital Management and Solus Asset Management.

Prior to Constar he led the successful buy-and-build strategy that created TriMas Corporation (NASDAQ:TRS), a $1 billion revenue diversified holding company. His past also includes time as a private equity investor with Blue Point Capital, The Anderson Group, and The Oxford Group. Mr. Beard has an MA in International Economics from the University of Detroit and a BS and MBA in Finance from Miami University.

john hatherly nf1“Grant has demonstrated his leadership skills and value creation abilities throughout his career. On behalf of the partners of Wynnchurch, it gives me great pleasure to announce his leadership of Wynnchurch Industries,” said John Hatherly, President and Managing Partner of 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).

© 2016 PEPD • Private Equity’s Leading News Magazine • 1-19-16

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